LONDON, Oct 15 (Reuters) - Britain's new finance minister Jeremy Hunt said on Saturday that some taxes would go up and government spending would rise by less than previously planned as he warned of difficult decisions ahead to restore Britain's economic policy credibility. Truss said that corporation tax would increase, abandoning her plan to keep it at current levels. "We will have some very difficult decisions ahead," he told Sky News. But what I can do is show that we can pay for our tax and spending plans and that is going to need some very difficult decisions on both spending and tax." "Some taxes will not be cut as quickly as people want, and some taxes will go up.

---