Critical Conservative MPs blast Hunt’s budget ‘tinkering’: ‘It lacked something vivid’
Jeremy Hunt’s Spring Budget, announced in the House of Commons on Wednesday afternoon, is receiving a mixed reception among Conservative MPs who fear the headline measure to cut National Insurance by 2 per cent does not go far enough. Ahead of the budget yesterday, the chancellor faced calls from some in his party, including former […]
Budget verdict: Jeremy Hunt’s offering will prove no election springboard
The chancellor’s announcement this afternoon will be lucky to feature as a footnote when the annals of this latest phase of Conservative governance are written.
Jeremy Hunt’s hollow budget
The below content first appeared in Politics.co.uk’s Politics@Lunch newsletter, subscribe here and never miss this daily briefing. Chancellor Jeremy Hunt delivered his high-stakes budget statement to the House of Commons this afternoon. But he needn’t have really. Over the past few days, Hunt’s headline measures had been released unto a less-than-grateful public Times-story-by-Times–splash, successfully sapping any […]
Hunt cuts National Insurance in a budget that was exactly as trailed
Chancellor Jeremy Hunt has this lunchtime delivered his second budget to the House of Commons in a text which was almost identical to the pre trailed media reports of its likely content. Failing to bend to calls by some on his party’s backbenches to pull out a surprise and introduce a wider cut in income […]
‘Rabbits’ and ‘traps’ – Jeremy Hunt set to deliver his 2nd full budget to the Commons
Chancellor Jeremy Hunt will deliver his second budget to the House of Commons this lunchtime as speculation mounts that his statement will include further ‘rabbits’ beyond those already trailed. In what is likely to be the last set piece financial occassion before this year’s election, it has been widely reported that Mr Hunt will announce […]
Rishi Sunak insists economy is ‘on the right track’ ahead of pre-election budget
Rishi Sunak has insisted the UK economy is “on the right track” as he visited the site of the former Honda car factory on Monday morning. The Japanese car giant’s plant in Wiltshire shut in 2021 with the loss of thousands of jobs. The site was sold to developer Panattoni to turn into a logistics […]
Spring budget: Jeremy Hunt told scrapping non-dom tax status would leave ‘country worse off’
Chancellor Jeremy Hunt is considering scrapping the non-dom tax status to fund pre-election tax cuts at the spring budget. Non-domiciled status allows foreign nationals who live in the UK, but are officially domiciled overseas, to avoid paying UK tax on their overseas income or capital gains. The move is reportedly on a list of revenue-raising […]
Spring budget: Jeremy Hunt warned economic case for tax cuts is ‘weak’
Jeremy Hunt has been warned by a leading think tank that the economic case for tax cuts is “weak” ahead of the spring budget next week. The chancellor has repeatedly hinted that he would like to lower taxes in the upcoming budget on Wednesday 6 March. But the Institute for Fiscal Studies (IFS) has insisted […]
Hunt argues UK economy is ‘turning a corner’ despite falling into recession in 2023
The UK economy entered into a recession at the end of 2023 after contracting by 0.3 per cent in the final three months of the year, according to data from the Office for National Statistics (ONS). The new figures mean the UK has now met the technical definition of a recession, with two quarters of […]
Inflation rate holds as minister pledges to ‘drive it down closer’ to target
Inflation was unchanged last month, confounding the expectations of economists who predicted prices would rise. According to the Office for National Statistics (ONS), the consumer prices index (CPI) remained at 4 per cent in January. Economists had expected prices to rise by 4.1 per cent compared to the same month last year. Reacting to the […]
