Rishi Sunak has assured Jeremy Hunt that he will remain in his position until at least spring next year, according to sources. Speculation had been growing among Conservative MPs that the Chancellor would be replaced. However, a key ally of the Prime Minister has made it clear that Mr. Hunt will survive any reshuffle ahead of the next Budget, expected in mid-March.
Jeremy Hunt to deliver Autumn Statement but tax cuts ruled out until next year
Jeremy Hunt is scheduled to deliver the Autumn Statement on November 22. Despite a dip in inflation, he is expected to disappoint colleagues by ruling out tax cuts until next year. Prime Minister Boris Johnson recently shifted his stance on reducing the burden on workers, expressing confidence that some relief would come ahead of next year’s election. Nonetheless, there have been questions about Mr. Hunt's future.
Chancellor and PM working closely together to drive down inflation
A No10 source stated that the Chancellor and Prime Minister are collaborating closely on reducing inflation and building a sustainable economy for the future. The Chancellor is set to deliver the Autumn Statement in a few weeks’ time, followed by the Budget next spring. A friend of Mr. Hunt emphasized that he remains focused on addressing the priorities of the public, such as falling inflation, rising wages, and economic growth.
General Election likely to take place next October
Earlier this week, Rishi Sunak hinted that the General Election would not occur until October next year. This has raised the possibility that Mr. Hunt could be moved from his current position ahead of the vote, potentially next summer.
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