The Latest Breaking News from George Osborne

PM eyes £50 billion tax hikes and spending cuts amid ‘massive fiscal black hole’

The figures won't be finalised until the latest forecasts from the Office for Budget Responsibility are received

Insider UK · Oct 28, 2022

Autumn Statement: £50 billion tax hikes and spending cuts considered to fill fiscal black hole

The Government is believed to be looking for financial headroom of up to £10 billion in the upcoming Autumn Statement

Birmingham Post · Oct 28, 2022

Rishi Sunak considers £50 billion of tax hikes and spending cuts

The Prime Minister and Chancellor Jeremy Hunt held 'sober' talks as they look to confront a gaping financial black hole

Wales Online · Oct 28, 2022

Austerity could be more difficult this time round, says Lord King

Former Bank of England governor says politicians must be clear that taxes and mortgage rates will rise

The Guardian - UK · Oct 23, 2022

Liz Truss: Why declaring ‘I’m a fighter, not a quitter’ spells doom for politicians

Resort to fateful phrase rarely ends well

The Independent UK · Oct 19, 2022

Welcome to the doom loop of Tory Britain: an austerity that kills, a democracy routed

It was cuts that gave us Brexit and the chaos that followed, says Guardian columnist Aditya Chakrabortty

The Guardian - UK · Oct 19, 2022

In Britain today it seems your suffering only counts if you have a mortgage

Despite a deepening crisis, it wasn’t until homeowners were threatened that Westminster reacted, says political economist William Davies

The Guardian - UK · Oct 19, 2022

Hunt’s expected austerity drive – where will the axe fall?

Rebellious backbenchers, underfunding and previous pledges mean there are no easy options for the new chancellor

The Guardian - UK · Oct 18, 2022

Who will succeed Liz Truss? It doesn’t matter: each Tory MP is as guilty as the last

The party has a knack for reinvention – we can’t let them pin it all on one unpopular leader, says Guardian columnist Owen Jones

The Guardian - UK · Oct 18, 2022

Who are the economic experts appointed to Jeremy Hunt’s new advisory panel?

Four advisers, including George Osborne’s ex-chief of staff, named, with chancellor seeking to repair damage from mini-budget

The Guardian - UK · Oct 17, 2022