Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices "puts more money into people's pockets than any tax cut".

Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices "puts more money into people's pockets than any tax cut".