But the Prime Minister said it remained the ‘right economic policy’ to focus on delivering his pledge of halving inflation.
Rishi Sunak signalled he is “confident” his administration will be able to cut taxes before the next election.
Mr Sunak, speaking after his artificial intelligence address on Thursday, said: “As we bring inflation down, then is the time to look forward and of course I want to deliver a lower tax economy for the country.There has been clamour from the right-wing of his Conservative back benches to introduce tax cuts before the nation goes to the polls to elect the next Westminster government.
A glitzy promotional video published by No 10 on Wednesday to mark a year since Mr Sunak came to office increased speculation that a general election could be called next autumn.
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