Jeremy Hunt has played down expectations of tax cuts ahead of the spring Budget due to be announced on Wednesday, 6 March.
Speaking to Sky News’ Sunday Morning with Trevor Phillips programme on 3 March, the chancellor said the fiscal event will see a "prudent and responsible Budget for long-term growth.
"It would be deeply unconservative to cut taxes in a way that increased borrowing, wasn’t fully funded."
It comes as Mr Hunt is and Rishi Sunak are reportedly due to meet on Sunday evening to decide whether a 2p cut to income tax is affordable in Wednesday’s statement.
