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The Latest Breaking News from Jeremy Hunt

Wallace denies resignation threat over defence spending pledge

The Defence Secretary said he will be fighting for ‘as much money as I can get’ when he meets Chancellor Jeremy Hunt.

The Independent UK

The UK economy is about to be thrown into a black hole – by its own government

It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics editor Larry Elliott

The Guardian - UK

More austerity, more division, more decline: Sunak is merely a sequel in a tired Tory franchise

The new prime minister’s main redeeming quality is that he is not his predecessors. What a sorry waste of 12 years in power

The Guardian - UK

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Wallace: Budget will reveal Sunak’s commitment to boosting defence spending

The Cabinet minister says he would like to see defence spending go up ‘by significant amounts’ – but acknowledged he lives ‘in the real world’.

The Independent UK

Jeremy Hunt’s austerity plans likely to create a strong sense of deja vu

The chancellor’s autumn statement is expected to include both tax increases and public spending cuts

The Guardian - UK

Jeremy Hunt's Autumn budget 2022 predictions in full - how it will hit you

What time is the Autumn Budget 2022? Will the state pension increase in 2023, how will income tax thresholds freeze and will Universal Credit and benefits rise? Will PIP be means tested? Here’s everything you need to know about Jeremy Hunt's statement

Daily Mirror

NHS will be ‘prioritised’ among tough spending decisions, Sunak tells Cabinet

The Prime Minister and his Chancellor are currently considering tax rises for millions of households and a squeeze on spending.

The Independent UK

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Higher taxes and public spending squeeze considered to fill budget black hole

Chancellor Jeremy Hunt will unveil his Autumn Statement on November 17

Wales Online

London faces new mortgage misery as interest rates set to rise

Standard analysis shows how much bills will rise when bank hikes rate

Evening Standard

Rishi Sunak and Jeremy Hunt plan tax increases and spending cuts to fill '£50billion black hole'

"Tough decisions are needed on tax rises, as well as on spending"

Nottingham Post

Jeremy Hunt plots tax rises to fill £50bn hole in public finances

Resolution Foundation says chancellor and prime minister face ‘unpalatable’ choices in Autumn Statement

The Independent UK

Calls for extension of windfall tax as BP posts ‘eye-watering’ profits

Company under pressure after reporting £7bn profit in third quarter as Ukraine war drives up gas prices

The Guardian - UK

Rishi Sunak to 'make everyone pay more tax' as UK warned 'it is going to be rough'

Jeremy Hunt is set to deliver the Autumn Statement next month

Manchester Evening News

Extend UK energy price cap to hold inflation back, thinktank says

IPPR says cap for longer than six months would aid growth and allow more to be spent on public services

The Guardian - UK

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The Independent UK

Rishi Sunak warned against return to austerity with public spending cuts at next mini-Budget OLD

Think tank finds PM has ‘fiscal space’ to deliver support totalling billions in cost of living crisis

The Independent UK

Jeremy Hunt plots tax rises to fill £50 billion black hole in public finances

Resolution Foundation said the Chancellor and Prime Minister face ‘unpalatable’ choices in the Autumn Statement.

Daily Mirror

Tories set to make ALL Brits pay more tax as people warned 'it's going to be rough'

A Treasury source revealed "everybody will need to contribute" more tax as income tax thresholds face being frozen until 2028, and there's no guarantee the state pension will rise with inflation

The Guardian - UK

Rishi Sunak preparing years of tax rises to plug £50bn fiscal black hole

PM set to hike taxes across the board to repair nation’s finances after Liz Truss’s disastrous mini-budget

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Manchester Evening News

HS2 rail scheme under review as government targets £50bn cuts

Rishi Sunak and Chancellor Jeremy Hunt are said to be considering up to £50bn in spending cuts

The Guardian - UK

Disastrous cuts loom, but the Tories have a secret weapon – our weary fatalism

People realise austerity 2.0 will wreck Britain, but many of us have lost the ability to imagine things could be different, says the Guardian columnist John Harris

Edinburgh Live

The wave of financial support coming in November - including £330 pay boost for workers

A wave of new schemes and financial support to help struggling households will be brought in next month, including a pay boost worth up to £330 for all workers.

The Guardian - UK

Twitter deal may signal point when the ‘everything bubble’ bursts

China’s property meltdown, the unwinding of QE and the tech stock plunge all show a fragile global financial ecosystem under stress

Daily Record

Jeremy Hunt urged to scrap VAT on life-saving defibrillators to encourage more places to buy them

SNP MSP Jenni Minto believes the cost of installing the life-saving devices is putting off charities and sports clubs from buying them.

Daily Mirror

Sacked Education Secretary swipes at £10bn cycling funding as schools cut staff

Kit Malthouse, who was booted out as Education Secretary when Rishi Sunak became PM this week, called on the PM and Chancellor Jeremy Hunt not to resort to "salami slicing" of government departments

Manchester Evening News

Transport, police and housing could face 9 per cent cuts as Britain enters 'new era of austerity' under Rishi Sunak's plan to save £50bn

The new PM and Chancellor may choose instead for tax rises

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