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<\/p>\nJeremy Hunt\u00a0is facing a concerted attempt to use his failure to cut taxes against him in his own affluent backyard at the next election, MailOnline can reveal.<\/p>\n
The Liberal Democrats are using ‘stealth’ income tax increases as well as eye-watering changes to mortgage rates during his time as Chancellor in a new attack advert as they seek to unseat him after years of trying, in a ‘Portillo Moment’.<\/p>\n
Mr Hunt’s South West Surrey seat, which he has held since 2005, is being split in two, and he is standing in the new Godalming and Ash constituency.<\/p>\n
The Lib Dems are running a new online advert targeting voters in the well-off suburban and rural area, blaming him for stealth tax rises, an increase in mortgage costs and food price inflation.<\/p>\n
It comes as he also faces pressure from Tories to cut taxes and boost sluggish growth ahead of an election expected to be very difficult for the Tories even in their heartlands.<\/p>\n
Sir Ed Davey’s party sees Godalming and Ash as a prime scalp in the ‘Blue Wall’ of previously safe Tory seats, mainly in the Home Counties, which Sir Ed Davey’s party is targeting after a string of by-election shocks for Rishi Sunak.\u00a0<\/p>\n
A Liberal Democrat source said:\u00a0‘The Conservative party’s crashing of the economy will be central to our messaging in the Blue Wall and Jeremy Hunt is of course the face of that.<\/p>\n
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The Liberal Democrats are seeking to make the Chancellor the face of the cost-of-living crisis as they seek to unseat him after years of trying, in a ‘Portillo Moment’.<\/p>\n
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Mr Hunt’s South West Surrey seat, which he has held since 2005, is being split in two, and he is standing in the new Godalming and Ash constituency.<\/p>\n
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Mr Hunt’s majority in 2019 was 8,817, the lowest it has been since 2005, when he took the seat previously held by former John Major-era minister Virginia Bottomley.<\/p>\n
‘His constituents are being hammered by his stealth taxes, spiralling mortgage payments and the cost of a weekly food shop becoming more and more unaffordable.<\/p>\n
‘These inescapable truths about the government’s mismanagement of our economy will come back to haunt the Chancellor and his colleagues in these Conservative heartlands come the election.’<\/p>\n
Last month it was revealed more than 40 Tory seats, including those held by senior serving and former ministers, are at risk from a voter backlash against stealth tax rises at the next election.\u00a0\u00a0\u00a0\u00a0<\/p>\n
Constituencies currently held by former deputy PM Dominic Raab, ex-party leader Sir Iain Duncan Smith and serving Cabinet minister Alex Chalk are among those which could be lost in a backlash by those dragged into higher rate bands.<\/p>\n
The seats, which span England, Scotland and Wales, had Conservative majorities over Labour and the Liberal Democrats in 2019 that are lower than the number of voters dragged into paying the higher 40p or 45p rates of income tax since that election.<\/p>\n
Mr Hunt’s majority in 2019 was\u00a08,817, the lowest it has been since 2005, when he took the seat previously held by former John Major-era minister Virginia\u00a0 Bottomley.<\/p>\n
At its highest in 2015 he had a majority of more than 28,000. But it also voted 59%-41% in favour of Remain in 2016 – with Mr Hunt a high-profile supporter of staying in the EU at the time.\u00a0<\/p>\n
He has recently tried to fight off claims that he will announce he is quitting before the election, to avoid becoming the biggest scalp of an election night the polls suggest will return Labour to power for the first time in 13 years.\u00a0<\/p>\n
A shake-up of boundaries means South West Surrey is being effectively split in two. Mr Hunt has been formally selected for Godalming & Ash, where his family lives – but that has not prevented speculation about his intentions.<\/p>\n
Opponents have boasted that Mr Hunt’s defeat at a general election could be remembered alongside that of Michael Portillo, who memorably fell victim to Tony Blair’s 1997 landslide when he lost Enfield Southgate.\u00a0\u00a0<\/p>\n
Mr Hunt has been chancellor since September last year, when he was drafted in as an emergency unity figure after she sacked Kwasi Kwarteng amid the economic chaos of her 49 days in power.\u00a0<\/p>\n
He was retained by Rishi Sunak when he replaced her and they have sought to maintain a united front on the economy.\u00a0<\/p>\n
However Mr Hunt has been the target of some unrest from the Tory right, which wants him to cut taxes ahead of the next election to kickstart growth.<\/p>\n
He and Mr Sunak are so far resisting, because inflation is still running far higher than they would like, hammering mortgage costs among other things.<\/p>\n
The Bank of England\u00a0today gave a grim assessment that the economy is set to flatline today as it spared Brits fresh mortgage pain by keeping interest rates on hold.<\/p>\n
Threadneedle Street cut growth forecasts as it announced that the base rate is being maintained at 5.25 per cent – but warned there is no prospect of cuts soon.<\/p>\n
Although the move by the Monetary Policy Committee is a relief for homeowners, markets will be alarmed by the darkening mood about the prospects for UK plc.\u00a0<\/p>\n
The Bank see growth tumbling to zero next year and staying there until 2025.\u00a0<\/p>\n
It is a bleak backdrop for Chancellor\u00a0Jeremy Hunt, who is due to\u00a0deliver his crucial Autumn Statement\u00a0within weeks.\u00a0<\/p>\n
Here are 41 seats which voted Tory in 219 where the party’s majority is lower than the number of voters being dragged into high rate income tax bands<\/span><\/p>\n Cities Of London and Westminster<\/p>\n Esher and Walton<\/p>\n Altrincham and Sale West<\/p>\n West Aberdeenshire and Kincardine<\/p>\n Kensington<\/p>\n Wimbledon<\/p>\n South Cambridgeshire<\/p>\n Hitchin and Harpenden<\/p>\n Guildford<\/p>\n Warrington South<\/p>\n Winchester<\/p>\n Cheadle<\/p>\n Watford<\/p>\n Cheltenham<\/p>\n Chipping Barnet<\/p>\n Hendon<\/p>\n Pudsey<\/p>\n Banff and Buchan<\/p>\n Vale Of Glamorgan<\/p>\n Stroud<\/p>\n Reading West<\/p>\n Dewsbury<\/p>\n Lewes<\/p>\n Chingford and Woodford Green<\/p>\n Moray<\/p>\n Bury South<\/p>\n Keighley<\/p>\n High Peak<\/p>\n Derby North<\/p>\n Carshalton and Wallington<\/p>\n Bury North<\/p>\n Heywood and Middleton<\/p>\n Bridgend<\/p>\n Bolton North East<\/p>\n North West Durham<\/p>\n Gedling<\/p>\n Birmingham, Northfield<\/p>\n Wolverhampton South West<\/p>\n Delyn<\/p>\n Clwyd South<\/p>\n Blyth Valley<\/p>\n Nickie Aitken<\/p>\n Dominic Raab*<\/p>\n Sir Graham Brady*<\/p>\n Andrew Bowie<\/p>\n Felicity Buchan\u00a0<\/p>\n Stephen Hammond*\u00a0<\/p>\n Anthony Browne<\/p>\n Bim Afolami<\/p>\n Angela Richardson\u00a0<\/p>\n Andy Carter<\/p>\n Steve Brine*<\/p>\n Mary Robinson\u00a0<\/p>\n Dean Russell<\/p>\n Alex Chalk<\/p>\n Theresa Villiers<\/p>\n Matthew Offord<\/p>\n Stuart Andrew*<\/p>\n David Duguid<\/p>\n Alun Cairns<\/p>\n Siobhan Baillie<\/p>\n Sir Alok Sharma*<\/p>\n Mark Eastwood<\/p>\n Maria Caulfield<\/p>\n Sir Ian Duncan Smith<\/p>\n Douglas Ross*<\/p>\n Christian Wakeford**<\/p>\n Robbie Moore<\/p>\n Robert Largan<\/p>\n Amanda Solloway<\/p>\n Elliot Colburn<\/p>\n James Daly<\/p>\n Chris Clarkson*<\/p>\n Jamie Wallis<\/p>\n Mark Logan<\/p>\n Richard Holden<\/p>\n Tom Randall<\/p>\n Gary Sambrook<\/p>\n Stuart Anderson\u00a0<\/p>\n Rob Roberts**<\/p>\n Simon Baynes<\/p>\n Ian Levy\u00a0<\/p>\n *Standing down at the next election\u00a0\u00a0<\/p>\n **No longer a Tory MP –\u00a0 Christian Wakeford joined Labour, Rob Roberts is an independent<\/p>\n