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The Latest Breaking News from Jeremy Hunt

Asian markets sink as rate hike woes return to the fore

Hong Kong (AFP) - Trading was subdued in Asia on Thursday as the optimism that characterised recent sessions was dealt a blow by data showing a resilience among US consumers that gives the Federal Reserve room to keep hiking interest rates.

AFP

Tory Esther McVey threatens to vote against Budget tax rises in challenge to Rishi Sunak

Esther McVey, who served as Secretary of State for Work and Pensions between 2015 and 2018, told the Commons that if the government has enough cash for HS2, it should not need to raise taxes

Daily Mirror

Inflation: how to improve official predictions – by asking the public

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

The Conversation

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Autumn statement 2022: this budget may not cause Truss-level chaos but it could still provoke markets

Liz Truss’s short-lived government presided over an even shorter-lived economic experiment in “Trussonomics”. As investors responded to September’s mini-budget by demanding higher interest premiums to purchase UK debt, the government was unable to execute its plans. Truss was reduced to a helpless bystander as her new chancellor, Jeremy Hunt, started…

The Conversation

Sunak’s growth fetish is a problem: he’s heading for the same budget trap as Truss

The siren call of climate-burning expansion bewitches British politics. More of the same will emerge in the autumn statement, says Tim Jackson, professor of sustainable development at the University of Surrey

The Guardian - UK

Bristol charities and small business owners react as UK inflation hits 41-year high

"Charities are in the most precarious position I can remember.”

Bristol Post

UK inflation hits 41-year high due to surging energy bills

SOARING energy bills sent UK inflation to its highest level for 41 years in October as the cost-of-living crisis continues to hit households,…

The National (Scotland)

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UK householders face squeeze as budget looms

Blackpool (United Kingdom) (AFP) - Thursday's government budget is unlikely to be uppermost in the minds of people enjoying the annual light show on the seafront promenade of Blackpool.

AFP

Jeremy Hunt urged to intervene on ‘lethal’ runaway inflation and recession

Chancellor says he will make difficult decisions in Thursday’s budget

The Independent UK

Inflation hits staggering 11.1% in October as Rishi Sunak warns it’s the ‘enemy we need to face down’

Energy bills drive inflation to 41-year high

Evening Standard

Comment: ‘A council tax rise (done right) might not be a terrible thing’

Council tax is one of the few tools the Treasury has to rebalance the housing market when so many homeowners are mortgage free. But will Jeremy Hunt choose to use it?

Evening Standard

Inflation hits 11.1% in new 41-year high as energy bills rocket - what it means for you

Inflation is used to show how much the prices of everyday goods and services have increased over time - when it increases, it means the cost of living is becoming more expensive

Daily Mirror

What we can expect from Thursday’s autumn budget

Tax rises, spending cuts and tightening of belts predicted ahead of Chancellor Jeremy Hunt's statement

Wales Online

Scots communities left 'on brink of destitution' if Jeremy Hunt slashes public spending

EXCLUSIVE: The deputy leader of Glasgow City Council has warned local authority finances are already "beyond stretched".

Daily Record

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The Independent UK

Rishi Sunak news - live: Hunt says inflation ‘thwarting’ economic growth as it hits 41-year high

‘This insidious tax is eating into pay cheques, household budgets and savings,’ chancellor says

Wales Online

Councils may need to hike council tax by a fifth to plug funding gap

Local authorities, though, must trigger referendum to increase council tax by more than 2.99 per cent

The Independent UK

What can we expect from Thursday’s autumn budget?

The autumn statement will mark an abrupt about-turn on Kwasi Kwarteng’s disastrous mini-budget.

The Independent UK

Lifting of cap on bankers’ bonuses expected in Chancellor’s autumn budget

Earlier, the Prime Minister urged bosses to keep down their pay to not exacerbate inflation.

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The Independent UK

John Swinney warns of ‘severe’ impact on Scotland of UK spending cuts

The Scottish Deputy First Minister was speaking ahead of Thursday’s autumn statement.

Chronicle Live

New £1,100 cost of living package tipped to be announced this week by Jeremy Hunt

This year's £650 payment for most benefits claimants, £150 for disabled and £300 for millions of pensioners may be repeated next year in the Autumn Statement

The Independent UK

Conflict of interest warning as George Osborne ‘advises’ on Budget while working for investment bank

Labour urges Jeremy Hunt to reveal if ‘market-sensitive’ information has been leaked

Nottingham Post

Up to £1,100 more DWP Cost of Living payments could be announced this week

New measures are expected to be announced by Chancellor Jeremy Hunt in Thursday's Autumn Statement

Glasgow Live

Cost of living map shows how Glaswegians are struggling with rising food, energy and housing bills

A new interactive map has shown the reality of how the rising household bills are affecting Glasgow's residents ahead of Jeremy Hunt's Autumn fiscal statement.

The Guardian - UK

The Guardian view on the NHS: set up to fail by being underresourced to meet demand

Editorial: It is a symptom of the social care crisis that hospitals find it so hard to discharge people who are well enough to leave

The Guardian - UK

Having filled us with fear, chancellor hints that horrors won’t be as huge as he thought

The cuts will still be terrible, but not as terrible as they could have been. Rejoice! Celebrate St Jeremy, the patron saint of expectation management

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