Lack of money for tax cuts persuades Rishi Sunak to call general election
7 months ago

Lack of money for tax cuts persuades Rishi Sunak to call general election

The Telegraph  

Mr Sunak’s announcement of an uplift in defence spending to 2.5 per cent of GDP further squeezed the amount of money left for an autumn budget, and there were fears that economic variables, such as inflation and growth, could go against the Government. Mr Sunak knew that an underwhelming pre-election budget would have done more damage than going to the polls before a budget was due, and it became a major part of his thinking as he made up his mind about an early election. One Whitehall source explained: “By the time you have factored in the increased defence spending, the need to keep some money back for extra NHS spending going into the winter, the compensation payments for the victims of the infected blood and Post Office scandals, there wouldn’t have been any money left for a people-pleasing budget with meaningful tax cuts. “It’s possible that the Bank of England might have implemented one or two interest rate cuts before the autumn and the growth forecasts could have improved, but that is by no means guaranteed.

 rishi  lack  autumn  growth  going  left  defence  election  tax  general  budget  spending  inflation  money  persuades  sunak  cent  cuts

History of this topic

Boost for Brits as Bank of England trims interest rates from 5% to 4.75%... but will hopes of 'aggressive' cuts be dashed by Labour's big-spending Budget?
Top News
1 month, 2 weeks ago

Boost for Brits as Bank of England trims interest rates from 5% to 4.75%... but will hopes of 'aggressive' cuts be dashed by Labour's big-spending Budget?

Daily Mail  

The Bank of England cut interest rates today - amid fears the big-spending Budget will keep borrowing costs higher in future. Tim Moore, economics director at S&P Global Market Intelligence, said: 'October data signalled another slowdown in output growth across the service sector as heightened business uncertainty and concerns about the general UK economic outlook had an adverse impact on …

Brits hope for mortgage relief with Bank of England poised to cut interest rates TODAY… but fears big-spending Budget could keep borrowing costs higher for years
1 month, 2 weeks ago

Brits hope for mortgage relief with Bank of England poised to cut interest rates TODAY… but fears big-spending Budget could keep borrowing costs higher for years

Daily Mail  

The Bank of England is poised to cut interest rates today - but could signal that the big-spending Budget will keep borrowing costs higher in future. Threadneedle Street's decision could be swayed by grim figures this week showing growth in the UK services sector slowing to its lowest rate in nearly a year. Tim Moore, economics director at S&P Global …

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget
1 month, 3 weeks ago

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package
2 months ago

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package

Daily Mail  

Businesses, motorists and pension savers are braced for pain today amid fears Rachel Reeves could deliver one of the biggest ever tax-raising Budgets in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion …

Inflation steady – but chances of another rate cut are slim
3 months ago

Inflation steady – but chances of another rate cut are slim

The Independent  

Let’s start with the good news: August’s inflation number came in unchanged at 2.2 per cent. While that is higher than the Bank of England’s 2 per cent target, it is in line with City forecasts and beneath the 2.4 per cent the Bank itself had predicted at this stage. One thing to watch is the cost of services – …

When Keir Starmer said ‘painful’, he meant it. Prepare for years of ‘austerity’
3 months, 2 weeks ago

When Keir Starmer said ‘painful’, he meant it. Prepare for years of ‘austerity’

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. One former special adviser adapted Stalin’s …

With election looming, UK’s governing Conservatives seize on inflation fall to 2% target
6 months ago

With election looming, UK’s governing Conservatives seize on inflation fall to 2% target

Associated Press  

LONDON — Inflation in the U.K. returned to the Bank of England’s target rate of 2% for the first time in nearly three years, official figures showed Wednesday, a development that was seized on by the governing Conservative Party as evidence that its economic plan is “working” ahead of the July 4 election. But Conservative Prime Minister Rishi Sunak hailed …

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears
6 months, 1 week ago

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears

Associated Press  

LONDON — Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the U.K.'s election, pledging to cut taxes and reduce immigration if his Conservative Party is reelected on July 4. With the Conservatives trailing the left-of-center Labour Party in opinion polls, Sunak acknowledged that “people are frustrated with our party …

Good for Rishi Sunak? Falling energy bills grab UK election spotlight
6 months, 4 weeks ago

Good for Rishi Sunak? Falling energy bills grab UK election spotlight

Hindustan Times  

The UK's energy sector regulator on Friday announced a drop in the price cap for bills from July, catapulting a key cost-of-living issue into the second day of general election campaigning. Britain's Prime Minister and Conservative Party leader Rishi Sunak The cap on energy bills for most UK households will drop by seven percent on the back of sliding wholesale …

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices
7 months ago

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices

The Independent  

✕ Close Hunt attacks Labour and says he refutes 'myths' the economy is worse under Tories For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like …

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4
7 months ago

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4

Associated Press  

LONDON — Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. “While it’s clearly good news headline inflation is back to normal levels, it is disappointing that price pressures haven’t fallen further and that measures of services inflation are proving …

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hit
7 months ago

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hit

Daily Mail  

Rishi Sunak hailed a 'major milestone' today after inflation tumbled to the lowest level in nearly three years. However, the drop, driven largely by easing energy prices, was less than the 2.1 per cent analysts had pencilled in - sparking concerns that the Bank of England might delay interest rate cuts. Grant Fitzner, the ONS's chief economist, said: 'There was …

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing
7 months ago

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing

Daily Mail  

Brits are set for much-needed relief with energy bills projected to fall by another 7 per cent in July. Dr Craig Lowrey, Principal Consultant at Cornwall Insight, said: 'Our projections suggest that from July, the average annual bill will fall by around £500 compared to last summer, offering further relief given the quarter-on-quarter drop seen in April. 'While the cap …

Bank of England holds fire on interest rates – but good news is coming for homeowners
7 months, 2 weeks ago

Bank of England holds fire on interest rates – but good news is coming for homeowners

The Independent  

Here’s the good news: a rate cut in either July or August can probably be characterised as a racing certainty. As expected, the rate setting Monetary Policy Committee left rates at 5.25 per cent at their latest meeting. Dave Ramsden, one of the Bank’s deputy governors, joined the MPC’s dove-in-chief Swati Dhingra, an external member, in voting for a cut. …

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
7 months, 2 weeks ago

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

Associated Press  

LONDON — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target. I’m optimistic that things are moving in the right direction.” Bailey indicated that the financial markets …

UK economy went into shallow recession in 2023: Official data
8 months, 3 weeks ago

UK economy went into shallow recession in 2023: Official data

Live Mint  

Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year. "The weak starting point for GDP this year means calendar-year growth in 2024 is likely to be limited to less than 1%," …

Inflation drops to two-year low in boost for rate cut hopes
9 months ago

Inflation drops to two-year low in boost for rate cut hopes

The Telegraph  

Chancellor Jeremy Hunt said the fall in inflation signalled the Government’s plan for the economy was working and paved the way for future tax cuts. He rebuffed talk of a backbench plot to oust him that could derail his economic plans, telling the BBC: “What’s important is the future of our country, and people’s financial security and the peace of …

DC Edit | RBI is right to be cautious
10 months, 2 weeks ago

DC Edit | RBI is right to be cautious

Deccan Chronicle  

A cautious Monetary Policy Committee has once again decided to keep the repo rate unchanged at 6.5 per cent in view of global uncertainty and moderately high inflation. With the projection of a decently high economic growth rate of seven per cent, RBI’s focus remains squarely on bringing down inflation to its target of four per cent. The rate cut …

Bank softens stance on interest rate cuts – but Andrew Bailey warns: ‘We’re not there yet’
10 months, 3 weeks ago

Bank softens stance on interest rate cuts – but Andrew Bailey warns: ‘We’re not there yet’

The Independent  

It was a racing certainty that the Bank of England’s rate-setting Monetary Policy Committee would on Thursday keep interest rates at 5.25 per cent – the 16-year high that has been causing pain throughout Britain’s economy. More directly, governor Andrew Bailey told reporters: “We’re not there yet.” But the committee seems to be indicating that cuts could come earlier than …

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops
11 months, 2 weeks ago

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as Labour accused Mr Sunak of offering voters a “raw deal”, claiming the …

Rishi Sunak on falling inflation: ‘Good news for UK’
1 year ago

Rishi Sunak on falling inflation: ‘Good news for UK’

Hindustan Times  

British Prime Minister Rishi Sunak on Wednesday welcomed the “good news” of falling prices ahead of the Christmas holiday period as official statistics revealed that inflation had dropped to 3.9 per cent, hitting the lowest level for the economy over two years. According to the Office for National Statistics, inflation – or the rate at which prices are rising in …

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live
1 year, 1 month ago

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live

The Independent  

✕ Close Autumn budget 2023: Key announcements from Jeremy Hunt's statement Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The …

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances
1 year, 1 month ago

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances

Associated Press  

LONDON — Britain’s Conservative government sought to regain the political initiative Wednesday with a series of tax cuts for businesses and individuals that it hopes will bolster its chances in a national election next year that opinion polls suggest it will lose. Treasury chief Jeremy Hunt said the British economy “had turned a corner,” with inflation and government borrowing down, …

Rishi goes 'Thatcherite' to save the election: NICs cut, 8.5% state pension hike and 6.7% benefits rise expected in bumper Autumn Statement tomorrow… despite UK's debt mountain soaring to £2.6tn
1 year, 1 month ago

Rishi goes 'Thatcherite' to save the election: NICs cut, 8.5% state pension hike and 6.7% benefits rise expected in bumper Autumn Statement tomorrow… despite UK's debt mountain soaring to £2.6tn

Daily Mail  

Rishi Sunak is splashing out to save the election with the Autumn Statement tomorrow set to include tax cuts as well as hiking pensions and benefits. Rishi Sunak is splashing out to save the election with the Autumn Statement tomorrow set to include tax cuts as well as hiking pensions and benefits Borrowing in October was more than the £13.7billion …

Sunak to give update on state of the nation’s finances ahead of autumn statement
1 year, 1 month ago

Sunak to give update on state of the nation’s finances ahead of autumn statement

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It requires enormous discipline year in, year out.” The one thing we won’t do …

Sunak vows to cut taxes but warns: ‘We can’t do everything at once’
1 year, 1 month ago

Sunak vows to cut taxes but warns: ‘We can’t do everything at once’

The Telegraph  

Rishi Sunak has vowed to cut tax and reward hard work in a speech on the economy ahead of the Autumn Statement. He said he would do so in a “serious, responsible” way and that “we can’t do everything all at once”, while emphasising the need for tax cuts to help boost economic growth and the “supply side” of the …

Boost for Rishi Sunak as he meets pledge to halve inflation
1 year, 1 month ago

Boost for Rishi Sunak as he meets pledge to halve inflation

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak received a much-needed boost as inflation fell to 4.6 …

UK government meets pledge to halve inflation this year as rate falls to 2-year low of 4.6%
1 year, 1 month ago

UK government meets pledge to halve inflation this year as rate falls to 2-year low of 4.6%

Associated Press  

LONDON — Inflation in the U.K. dropped sharply in October to its lowest level in two years, largely because last year’s steep rise in domestic energy bills following Russia’s invasion of Ukraine dropped out of the annual comparison, official figures showed Wednesday. “After 13 years of economic failure under the Conservatives, working people are worse off with higher mortgage bills, …

Will the Bank of England ride to Sunak’s rescue?
1 year, 1 month ago

Will the Bank of England ride to Sunak’s rescue?

The Telegraph  

He also faces the additional challenge of his party having lost its reputation for economic competence after the scandalous mini-Budget, with voters more inclined to say Labour would be the best at handling the economy. “Typically in an election campaign a recovering economy, falling inflation and decreasing interest rates tend to help the Government and we’re expecting all those things …

ALEX BRUMMER: Take the Bank of England's gloomy forecast for 2024 with a pinch of salt
1 year, 1 month ago

ALEX BRUMMER: Take the Bank of England's gloomy forecast for 2024 with a pinch of salt

Daily Mail  

This decision was expected. According to the Bank's forecasts, the consumer price index will fall from its rate of 6.7 per cent to 4.25 per cent in the final months of the year. One of Rishi Sunak's five pledges – to halve inflation by the end of the year and ease the cost of living crisis – should now be …

Rishi Sunak's target to halve inflation has already been met, Bank of England says - but it warns the UK's growth is grinding to a halt
1 year, 1 month ago

Rishi Sunak's target to halve inflation has already been met, Bank of England says - but it warns the UK's growth is grinding to a halt

Daily Mail  

Rishi Sunak received a boost yesterday after the Bank of England said he has already met his target of halving inflation – but it warned that growth was grinding to a halt. The Bank believes inflation fell to 4.8 per cent last month – which if confirmed would mean Mr Sunak's target of halving it this year is met with …

Britain faces recession risk in election year, warns Bank of England
1 year, 1 month ago

Britain faces recession risk in election year, warns Bank of England

The Telegraph  

The Bank’s latest projection for next year fell from a previous forecast of 0.5pc, while it also warned that annual growth will remain below 1pc for the next four years – down from 2.75pc in the decade before the financial crisis. Despite the weaker outlook for jobs and growth, Mr Bailey said it was “much too early to be thinking …

Sunak’s inflation pledge goes down to the wire after petrol price shock
1 year, 2 months ago

Sunak’s inflation pledge goes down to the wire after petrol price shock

The Telegraph  

Chancellor Jeremy Hunt said on Wednesday: “As we have seen across other G7 countries, inflation rarely falls in a straight line, but if we stick to our plan then we still expect it to keep falling this year. The new Ofgem price cap, which has seen typical household bills drop from £1,976 a year to £1,834, will be reflected in …

Economic boost for Sunak - but fresh tax cuts calls erupt
1 year, 2 months ago

Economic boost for Sunak - but fresh tax cuts calls erupt

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Treasury minister Andrew Griffith said they were "not for the moment" when asked about the …

Inflation shock as Jeremy Hunt expects prices to go back up again
1 year, 4 months ago

Inflation shock as Jeremy Hunt expects prices to go back up again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Bank of England governor Andrew …

Rishi Sunak believes ‘light at end of the tunnel’ on inflation
1 year, 4 months ago

Rishi Sunak believes ‘light at end of the tunnel’ on inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak said inflation is …

The fall in inflation is a boost for Sunak – but it leaves him no wriggle room
1 year, 5 months ago

The fall in inflation is a boost for Sunak – but it leaves him no wriggle room

The Independent  

Today’s bigger than expected fall in inflation is welcome news, but Rishi Sunak cannot celebrate – for there is a growing recognition among ministers that inflation has blown a hole in his general election strategy. Core inflation, which excludes items such as food and fuel, dropped from 7.1 per cent to 6.9 per cent, though it is still sticky, and …

‘The worst is over’: Sunak finally closes in on inflation pledge
1 year, 5 months ago

‘The worst is over’: Sunak finally closes in on inflation pledge

The Telegraph  

Kallum Pickering, economist at Berenberg Bank, says if current patterns continue, “inflation should fall fast over coming months towards a 4-5pc rate by the end of the year and to within the 2-3pc range by the middle of next year.” If correct, Sunak would meet his first target. The figures will be cheered by the Bank of England, which has …

Sunak pledges to ‘remain steadfast’ in inflation battle after rates hiked to 5%
1 year, 6 months ago

Sunak pledges to ‘remain steadfast’ in inflation battle after rates hiked to 5%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Prime Minister Rishi Sunak has …

Rishi Sunak warned homeowners face ‘serious shock’ as Bank of England poised to raise interest rates
1 year, 6 months ago

Rishi Sunak warned homeowners face ‘serious shock’ as Bank of England poised to raise interest rates

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has been warned homeowners face a “serious shock” as …

This has been Rishi Sunak’s worst month as prime minister
1 year, 6 months ago

This has been Rishi Sunak’s worst month as prime minister

The Independent  

Today's worse than expected inflation figures are grim for the government. One former minister told me: “It’s all very well being a Treasury man, but he needs to show some flexibility on mortgages.” Tory backbenchers are worried that Sunak’s economic pledges on inflation, debt and growth are proving much more challenging than when he made them in January. What Sunak …

Britain’s economy improving may not keep Sunak in power
1 year, 9 months ago

Britain’s economy improving may not keep Sunak in power

Live Mint  

Chancellor of the exchequer Jeremy Hunt had some good news to deliver Wednesday. On this front, the Tories seem to be up against what Kyla Scanlon dubbed a “vibecession”—when the economy isn’t doing so badly, but people feel glum about their prospects. The problem Hunt and Sunak have is that the numbers might be saying “we’re getting better,” but ordinary …

Bank of England rate hike says ‘too soon to declare victory’
1 year, 10 months ago

Bank of England rate hike says ‘too soon to declare victory’

Associated Press  

LONDON — The Bank of England announced another “forceful” increase in interest rates Thursday, saying it was too soon to declare victory against inflation that has slowed slightly but is still fueling a cost-of-living crisis, public-sector strikes and fears of recession. The British central bank has approved four straight increases of a half-point or more since Russia’s invasion of Ukraine …

Business chiefs clamour for action after Bank of England governor gives upbeat verdict on economy
1 year, 11 months ago

Business chiefs clamour for action after Bank of England governor gives upbeat verdict on economy

Daily Mail  

Rishi Sunak faced fresh pressure to cut taxes last night after the Bank of England said Britain had ‘turned a corner’ on inflation. The Prime Minister risked a backlash yesterday by suggesting only ‘idiots’ would not understand why he was refusing to cut taxes when inflation remained high and the public finances were still recovering from Covid spending. The Prime …

How Britain can scrap £24bn of tax rises and still avoid a recession
1 year, 11 months ago

How Britain can scrap £24bn of tax rises and still avoid a recession

The Telegraph  

But will the unexpected uptick pave the way for Rishi Sunak – who has so far styled himself as a cautious economic firefighter – to transform the political narrative and unravel his government’s punitive £24bn tax rises? “To support families through this tough patch, we will provide an average of £3,500 support for every household over this year and next …

Tories increase taxes, cut spending as recession looms
2 years, 1 month ago

Tories increase taxes, cut spending as recession looms

The Hindu  

The Rishi Sunak government announced a £55 billion “consolidation” package of tax hikes and spending cuts in an attempt to get Britain’s public finances back on track partly to undo the damage caused by former Prime Minister Liz Truss’s September ‘Mini-Budget’, which had startled markets. The ‘Autumn Statement’, which was a response to the soaring cost of living, high energy …

UK government warns of impending tax hikes to come this week
2 years, 1 month ago

UK government warns of impending tax hikes to come this week

Firstpost  

Liz Truss’s successor Rishi Sunak, who was heading to a G20 economic summit in Indonesia, has vowed to get soaring inflation under control even if it means more pain for hard-pressed consumers and businesses London, United Kingdom: Britain’s government on Sunday warned of impending tax hikes, especially for the wealthy, as it bids to repair economic havoc wrought by the …

Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget
2 years, 1 month ago

Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget

The Independent  

The Conservative mayor of the West Midlands has issued a plea to Rishi Sunak and Jeremy Hunt to raise taxes rather than cut public services in their crucial autumn statement next month. He also called on the prime minister and chancellor to defend funding for long-term capital projects like the HS2 rail link, broadband connectivity and skills training, telling BBC …

Rishi Sunak and Jeremy Hunt aim for £50BILLION of public spending cuts and tax rises
2 years, 1 month ago

Rishi Sunak and Jeremy Hunt aim for £50BILLION of public spending cuts and tax rises

Daily Mail  

Rishi Sunak and Jeremy Hunt are aiming for £50billion of public spending cuts and tax rises to help tackle a huge black hole in the nation's finances and to convince markets they can balance the UK's books. Public finances have deteriorated since Rishi Sunak quit as Chancellor earlier this year Mr Hunt, meanwhile, is understood to have spoken with former …

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