Tory MPs urge Hunt to bring forward tax cuts after bleak IMF forecast

Chancellor defiant as pressure mounts with warning from within that party could face end of an era in governmentConservative MPs have warned Jeremy Hunt that refusing to cut taxes in the spring budget would spell “the end of an era” for the party in government, amid disagreement over the latest warning about Britain’s gloomy economic forecast.In a showdown with backbenchers on Tuesday night, the chancellor was told that voters were lacking hope and feeling depressed. But Hunt was said to have remained defiant and made clear there would not be a “rabbit out of the hat” announcement before the local elections in the spring.