TORY MPs last night launched a fresh push for tax cuts after Jeremy Hunt suggested it was unlikely before an election.
A large faction of backbenchers are pushing for tax breaks to take precedence over record wage increases for public sector workers.
They are growing impatient at Rishi Sunak’s reluctance to lighten the burden on ailing Brits – saying it could actually help bail out the economy.
The Prime Minister has staked his career on halving inflation – currently 8.7 percent – by the end of the year and is struggling to make progress.
The chancellor has further dampened hopes of pre-election relief by saying he would “not support tax cuts” if they risked fueling price hikes.
But last night Tory MP Sir James Duddridge said: “Wage moderation and tax cuts are needed to stimulate the economy while bringing down inflation.”
“If it doesn’t work, you have to make changes, only a fool would carry on as if expecting a different result.”
Sir Jacob Rees-Mogg said: “The public sector is far too bloated and spending needs to be curbed.”
“Now we have the highest tax burden in a generation and people should be allowed to keep more of their money.”
Former Cabinet Secretary Sir John Redwood added: “Public sector spending would be much more inflationary than selected tax cuts, which could even help dampen inflation.”
A reduction in VAT for small businesses, for example, would increase supply while allowing businesses to lower prices.”
A second former cabinet minister said: “While unions are unrealistic in their wage demands, targeted tax cuts are a responsible way of helping both the public and private sectors.”