The Latest Breaking News from Andrew Bailey

Sunak tears up Truss’s economic vision and refuses to back pensions triple lock

The new Prime Minister also reimposed the fracking ban controversially scrapped by his predecessor.

The Independent UK · Oct 26, 2022

Chancellor Jeremy Hunt delays Autumn Budget statement until next month

CHANCELLOR Jeremy Hunt has delayed the Autumn Statement until next month following the appointment of Rishi Sunak as Prime Minister.

The National (Scotland) · Oct 26, 2022

Chancellor Jeremy Hunt's Halloween budget delayed to November

It will be published as an autumn statement

Wales Online · Oct 26, 2022

New UK finance minister Hunt reverses Truss's economic plan in dramatic U-turn

Britain's new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss's economic plan and scaled back her vast energy support scheme on Monday, making a historic policy U-turn to try to stem a dramatic loss of investor confidence.

Reuters · Oct 16, 2022

UK to be plunged into recession until summer 2023, economists warn

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

The Independent UK · Oct 16, 2022

The Guardian view on central bankers: don’t put them in charge of the crisis

Editorial: The UN is right to warn that governments risk a worldwide recession precipitated by excessive rate rises

The Guardian - UK · Oct 16, 2022

UK’s Liz Truss struggles to save premiership after tax U-turns

Truss is under pressure after making U-turns on two major policies, as new Chancellor Hunt makes a new budget plan.

Al Jazeera · Oct 16, 2022

Jeremy Hunt welcomed by Tories as he tears up Liz Truss’s fiscal plan

There’s relief among Conservative MPs as the new chancellor seeks to bring stability back to government

The Guardian - UK · Oct 16, 2022

London politics latest LIVE: Third MP calls for Truss to go saying she ‘undermined Britain’s economic credibility’

Jamie Wallis, the MP for Bridgend and Porthcaw, said Ms Truss ‘no longer holds the confidence of the country’

Evening Standard · Oct 16, 2022

Jeremy Hunt warns of ‘difficult decisions’ ahead amid reports of delay to basic rate tax cut

The Chancellor is reportedly considering delaying the 1p cut to the basic rate of income tax by a year

Evening Standard · Oct 15, 2022