Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget
- Business live – latest updates
Rishi Sunak has been warned against launching a fresh austerity drive after official figures confirmed Britain’s economy is in recession and living standards have suffered their longest sustained fall since records began almost 70 years ago.
With the government under pressure over its economic management, Treasury sources said the chancellor, Jeremy Hunt, was considering a fresh squeeze on public spending to finance pre-election tax cuts in next month’s budget.
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