London Daily

Focus on the big picture.
Friday, Nov 14, 2025

Jeremy Hunt: Everyone will have to pay more tax (to keep the government rich while the rest are suffering)

Jeremy Hunt: Everyone will have to pay more tax (to keep the government rich while the rest are suffering)

The chancellor also said he wants to make sure any recession is as short and shallow as possible. This start to sound as bad as Sunak “want” things that sounds good while having no idea how to make them anything but worse.

Everyone will have to pay more tax under plans due to be announced on Thursday, Chancellor Jeremy Hunt says.

Offering a message few ministers would risk saying out loud, Mr Hunt told the BBC: "I've been explicit that taxes are going to go up."

He confirmed he would be giving details about further help for those struggling with energy bills, but warned there had to be constraints on help.

Labour accused the Conservatives of making a "total mess" of the economy.

Shadow chancellor Rachel Reeves said Mr Hunt was choosing to tax working people, while doing "little to close tax loopholes which mean some of the wealthiest don't pay their fair share".

Mr Hunt was speaking to the BBC just days before he is due to deliver his tax and spending plans in Parliament as part of the Autumn Statement.

The BBC has been told the chancellor is set to announce spending cuts of about £35bn and plans to raise £20bn in tax.

It comes as the UK faces major economic challenges, with soaring living costs and a warning from the Bank of England that the country is facing its longest recession since records began.

It also follows the mini-budget of former Prime Minister Liz Truss and her then chancellor, Kwasi Kwarteng, which led to market turmoil and a jump in government borrowing costs. Many of those policies have since been reversed by Mr Hunt.

Independent forecasts are understood to have identified a gap of around £55bn in the public finances - although some economists have questioned the size of the 'black hole'.

Speaking to the BBC, Mr Hunt acknowledged his plans would "disappoint people" - but he promised to protect the "most vulnerable".

"We have a plan to see us through choppy waters... we will make the recession we are in as short and shallow as possible."

The BBC has been told Mr Hunt is planning to freeze tax thresholds - the levels of income at which people begin to pay more tax - until 2028.

While he did not confirm these plans when appearing on Sunday with Laura Kuenssberg, the chancellor said: "I think I've been completely explicit that taxes are going to go up, and that's a very difficult thing for me to do because I came into politics to do the exact opposite."

As ever at this stage in the cycle, the occupants of the Treasury are coy about giving any specifics.

It is also abundantly clear that public services are in for a hard time - with no guarantee there'll be extra cash to help them to cope with the costs of inflation.

Some Conservatives MPs have warned against increasing taxes, with former party leader Iain Duncan Smith telling Sky News it could lead to a "deeper" recession.

Addressing the concerns of his colleagues, Mr Hunt said the previous leadership had tried that approach, "in other words a plan that doesn't show how, in the long run, we can afford it".

"We have tried that, we saw it didn't work."

With the Conservatives significantly behind in the polls, Mr Hunt and Prime Minister Rishi Sunak face a challenge in getting public backing for their proposals.

The chancellor also made clear that the support people were receiving for energy bills would come to an end for many.

The energy price guarantee had been due to last for two years, but after taking over from Mr Kwarteng, Mr Hunt announced it would expire in April.

Speaking to the BBC, he said he would set out what further support would be given to those struggling on Thursday.

However, he emphasised that future help had to be "done on a sustainable basis" and there would have to be "some constraints".

Asked if he was ditching the energy plan set out by former prime minister Boris Johnson, the chancellor said he admired Mr Johnson's "big visions" but added there were elements of "cakeism" - a reference to the phrase: "Have your cake and eat it."

He said he wanted to "deliver the exciting things he outlined" but that actions had to be credible and affordable.

During his interview, Mr Hunt also accepted that Brexit had had costs for the economy too.

Wrapped up in suggestions that there were lots of opportunities still to come, it is a rare acknowledgement from a Conservative politician.

He said the coronavirus pandemic had prevented the UK from taking advantage of opportunities open to it after leaving the European Union.

Labour's Rachel Reeves said she recognised there would be "constraints" on what the government could do, partly because of "mistakes the government has made".

However she added: "Just because you have to make difficult decisions it doesn't mean you have to make the same decisions."

She said Labour had "no plans" to raise income tax or national insurance and would focus on closing "loopholes" in the tax system.

The Liberal Democrat's Treasury spokewoman Sarah Olney said: "Hardworking families look set to be clobbered with yet more unfair tax hikes because the Conservative party crashed the economy."


Jeremy Hunt says he wants to make sure any recession is short and shallow

Rachel Reeves calls on the chancellor to make "fair choices" on the economy


Newsletter

Related Articles

0:00
0:00
Close
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
Apple to Pay Google About One Billion Dollars Annually for Gemini AI to Power Next-Generation Siri
UK Signals Major Shift as Nuclear Arms Race Looms
BBC’s « Celebrity Traitors UK » Finale Breaks Records with 11.1 Million Viewers
UK Spy Case Collapse Highlights Implications for UK-Taiwan Strategic Alignment
On the Road to the Oscars? Meghan Markle to Star in a New Film
A Vote Worth a Trillion Dollars: Elon Musk’s Defining Day
AI Researchers Claim Human-Level General Intelligence Is Already Here
President Donald Trump Challenges Nigeria with Military Options Over Alleged Christian Killings
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
UK Pre-Budget Blues and Rate-Cut Concerns Pile Pressure on Pound
ITV Warns of Nine-Per-Cent Drop in Q4 Advertising Revenue Amid Budget Uncertainty
National Grid Posts Slightly Stronger-Than-Expected Half-Year Profit as Regulatory Investments Drive Growth
UK Business Lobby Urges Reeves to Break Tax Pledges and Build Fiscal Headroom
UK to Launch Consultation on Stablecoin Regulation on November 10
UK Savers Rush to Withdraw Pension Cash Ahead of Budget Amid Tax-Change Fears
Massive Spoilers Emerge from MAFS UK 2025: Couple Swaps, Dating App Leaks and Reunion Bombshells
Kurdish-led Crime Network Operates UK Mini-Marts to Exploit Migrants and Sell Illicit Goods
UK Income Tax Hike Could Trigger £1 Billion Cut to Scotland’s Budget, Warns Finance Secretary
Tommy Robinson Acquitted of Terror-related Charge After Phone PIN Dispute
Boris Johnson Condemns Western Support for Hamas at Jewish Community Conference
HII Welcomes UK’s Westley Group to Strengthen AUKUS Submarine Supply Chain
Tragedy in Serbia: Coach Mladen Žižović Collapses During Match and Dies at 44
Diplo Says He Dated Katy Perry — and Justin Trudeau
Dick Cheney, Former U.S. Vice President, Dies at 84
Trump Calls Title Removal of Andrew ‘Tragic Situation’ Amid Royal Fallout
UK Bonds Rally as Chancellor Reeves Briefs Markets Ahead of November Budget
×