Liz Truss allies to put pressure on Hunt to offer tax cuts in budget

Chancellor has warned it is unlikely there will be significant tax cuts as he focuses on getting inflation down

Allies of Liz Truss will present Jeremy Hunt with a blueprint for tax cuts before his March budget, in a move which underlines Tory splits on the economy.

The Conservative Growth Group (CGG) – which champions the low-tax, low-regulation policies Ms Truss had promised – is “gathering strength”, one prominent member said.

The group is reported to be preparing to submit its plans to the Chancellor before the March 15 Budget, but Mr Hunt has warned that the state of the public finances mean it is unlikely there will be significant tax cuts as he focuses on getting inflation down.