Chancellor Jeremy Hunt has said he does not know if he can afford to cut taxes for British households as a national insurance reduction came into force on Saturday.Mr Hunt said he wanted to further ease a tax burden which is expected to rise to the highest since the Second World War before the end of this decade.

Chancellor Jeremy Hunt has said he does not know if he can afford to cut taxes for British households as a national insurance reduction came into force on Saturday.Mr Hunt said he wanted to further ease a tax burden which is expected to rise to the highest since the Second World War before the end of this decade.