Tories Seek Tax Cuts to Reclaim Conservative Identity But Limited Room for Budget Giveaways
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Tories desperately want tax cuts in the Budget to restore their credentials as a "proper Conservative Party"
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But with high debt and a weak economy, there may be little money available for giveaways
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Hunt is expected to cut National Insurance and close tax loopholes used by non-doms
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This could undermine Labour's spending plans by taking some of the same funding
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The economy looks bleak, so Hunt will also talk about "spending better" rather than spending more