UK Finance Minister Jeremy Hunt Dismisses Economic 'Gloom', Eyes Brexit Boost
1 year, 10 months ago

UK Finance Minister Jeremy Hunt Dismisses Economic 'Gloom', Eyes Brexit Boost

News 18  

Britain’s finance minister on Friday dismissed “gloom” over its recession-threatened economy and vowed to tap into Brexit opportunities and tackle rampant inflation to boost growth during a cost-of-living crisis. The UK is poised to play a leading role in Europe and across the world in the growth sectors which will define this century.” Hunt, whose official title is chancellor of the exchequer, will oversee a strategy aimed at boosting poor productivity and focused on key sectors including digital technology, green industries, life sciences, advanced manufacturing and creative industries. “But I think it is completely wrong to just focus on that without looking at the opportunities.” Cooling inflation Hunt shunned calls to slash taxes from his own lawmakers, arguing that tackling rampant inflation would instead put more cash in Britons’ pockets. Hunt added Friday that Sunak’s administration offered a new plan for “long term prosperity”.

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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, …

Recession fears as UK economy shrinks by more than expected
1 year, 3 months ago

Recession fears as UK economy shrinks by more than expected

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. Paul Dales, chief UK economist at Capital, said a …

'Britain to avoid recession…' UK finance minister Jeremy Hunt in Budget speech
1 year, 9 months ago

'Britain to avoid recession…' UK finance minister Jeremy Hunt in Budget speech

Hindustan Times  

Chancellor of the Exchequer Jeremy Hunt said the UK economy will avoid a recession this year as the outlook improves, giving the Treasury a potential boost. Britain's Chancellor of the Exchequer Jeremy Hunt poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government's annual budget to Parliament. …

Hunt told he must cut taxes as recession avoided by thinnest of margins
1 year, 10 months ago

Hunt told he must cut taxes as recession avoided by thinnest of margins

The Telegraph  

Business leaders are calling on Chancellor Jeremy Hunt to cut taxes to boost growth, after the UK economy shrank by more than expected in December. Official figures show the UK narrowly avoided falling into recession at the end of last year, however the economy shrank by more than expected. “All eyes are on the Chancellor’s March budget, when businesses will …

UK dismisses economic 'gloom', eyes Brexit boost
1 year, 10 months ago

UK dismisses economic 'gloom', eyes Brexit boost

Firstpost  

The Bank of England and the UK government’s own fiscal watchdog, however, believe that the economy has already entered recession on fallout from rampant consumer price inflation London: Britain’s finance minister will dismiss “gloom” over the country’s recession-threatened economy and vow to tap into Brexit opportunities to bolster growth in a key speech on Friday. “Some of the gloom is …

Hunt says UK is in recession as Ukraine war, inflation bite
2 years, 1 month ago

Hunt says UK is in recession as Ukraine war, inflation bite

Live Mint  

Jeremy Hunt said the UK is already in recession, announcing cuts to growth forecasts as Russia’s war in Ukraine stokes inflation at a 41-year high. He also lowered the prediction for 2024, blaming “global headwinds.” The outlook lays the ground for a huge package of tax rises and spending cuts that Prime Minister Rishi Sunak’s government is pushing through to …

UK economy shrinks as economists warn of more pain to come
2 years, 1 month ago

UK economy shrinks as economists warn of more pain to come

Associated Press  

LONDON — Britain’s economy shrank in the three months to September, official statistics said Friday, as forecasters warned of many months of contraction to come. Martin McTague, national chairman of the Federation of Small Businesses, said the fall in GDP “is one headline figure made up of countless bits of disappointing news for small businesses across the country – a …

Jeremy Hunt warns 'there are no easy options' after record interest rate rise
2 years, 1 month ago

Jeremy Hunt warns 'there are no easy options' after record interest rate rise

The Telegraph  

Jeremy Hunt has warned there are "no easy options" to stabilise the economy after the Bank of England hiked interest rates. The Chancellor said "inflation is the enemy and is weighing heavily on families, pensioners and businesses" as he responded to the Bank's decision to increase rates from 2.25 per cent to three per cent - the biggest single rise …

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