Britain’s finance minister says he won’t implement tax cuts that fuel inflation

Summary Hunt to present budget update on Wednesday
Is under pressure from some Conservatives to cut taxes
Hunt says British economy has turned a corner
LONDON, Nov 19 (Reuters) – British finance minister Jeremy Hunt said on Sunday he would not implement tax cuts that would push up inflation, days before he announces a major budget update that is widely expected to contain reductions in some taxes.
Hunt is due to present an Autumn Statement on Wednesday which he hopes will revive the fortunes of both a stagnant British economy and the governing Conservatives ahead of an election expected next year, and the Sunday Times reported he was considering cutting income tax or national insurance.
He has been under pressure from some Conservative lawmakers who, alarmed at the opposition Labour Party’s big lead in opinion polls, have demanded he deliver tax cuts.