A TORY clamour for tax cuts grew last night following better-than-expected economic results.
Government borrowing rose by £18.5billion last month, less than the £21.2billion predicted by official forecasters.
Jeremy Hunt said: ‘Now more than ever we need to maintain discipline with the public finances’[/caption]
And the Treasury clawed in £4.5billion more in tax than expected, collecting a total of £57.3billion for June.
He said: “Tax cuts would boost the economy and could even be deflationary if applied selectively.”
The Tory MP also hit out at the Office for Budget Responsibilities’ “gloomy” projections.
He said: “Once again the OBR gets one of its forecasts wrong.
“The Treasury needs to be wary about taking them as read.”
Chancellor Jeremy Hunt said last night: “Now more than ever we need to maintain discipline with the public finances.
“We are at a crucial juncture and need to avoid reckless spending.”