UK Finance Minister Jeremy Hunt rejects short-term tax cuts, citing concerns about inflation.
He emphasizes the government's focus on reducing inflation for economic stability.
Hunt hints at maintaining the status quo in the upcoming Autumn Statement.
Despite calls from some Conservatives to lower taxes, Hunt sees it as challenging.
The ruling Conservative Party faces a challenging General Election against the Labour Party.
Hunt unveils policies including raising the national living wage and benefit restrictions.
He plans to freeze civil service expansion and reduce staff numbers to pre-pandemic levels.
Prime Minister Rishi Sunak's comments on inflation as a tax spark debate.
Sunak aims to halve inflation to around 5% and has recently held interest rates steady.
Recent economic data shows the UK's resilience and recovery from the COVID-19 pandemic.