Chancellor Jeremy Hunt has said he doesn’t yet know if he can afford to announce tax cuts for British households. The Chancellor said he wants to ease the tax burden on Britons, which is forecast to rise to the highest level since the Second World War by the end of this decade. A National Insurance rate cut of two percentage points announced by the Chancellor came into effect today, but Mr Hunt said he was not sure if he could afford to reduce taxes further. He told reporters: “It was right to support families through Covid and through the cost-of-living crisis, and yes taxes had to go up in t…