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The Latest Breaking News from Jeremy Hunt

Income tax likely to go up if national insurance scrapped, Hunt suggests

Labour says chancellor’s ambition to eventually abolish NI would cost £46bn a year, and party questions how move would be paid for

The Guardian - UK

UK politics: Sunak refuses to say how abolition of national insurance would be funded – as it happened

PM says ‘people trust me on these things’ and refuses to be drawn on whether government would forgo entire £46bn raised from measure

The Guardian - UK

Jeremy Hunt vows to pay more capital gains tax on his properties

Chancellor refuses to disclose number of houses owned but says he will pay higher tax rate on proceeds from sales

The Guardian - UK

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Hunt’s £20 billion Budget shortfall leaves scrapping national insurance for the birds, warns the IFS

Top economist Paul Johnson says both Tories and Labour need to be more transparent about painful choices ahead

Evening Standard

UK to have first parliament in modern history with fall in living standards, says thinktank

Household incomes on course to fall despite national insurance cuts in budget, says Resolution Foundation

The Guardian - UK

'Totally insulting': Pressure mounts on Minister to pay back taxpayer money used to settle libel legal bill

Science Secretary Michelle Donelan paid damages to an academic she falsely accused the academic of supporting Hamas

Evening Standard

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

The Guardian - UK

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Hunt redefines ‘levelling up’ with focus on Cambridge, Canary Wharf and Surrey

Critics say extra funding to key battleground constituencies proves government ‘happy to ignore regional inequality’

The Guardian - UK

Thursday briefing: Councils are going broke – but is it really because they went woke?

In today’s newsletter: Chancellor Jeremy Hunt was expected to target ‘unnecessary’ council spending on consultants and diversity projects in his Budget – but here’s the truth

The Guardian - UK

UK’s green power industry receives surprise £10bn pledge

Potential investment by NatPower would create largest portfolio of battery storage projects in Britain

The Guardian - UK

Budget fell far short on UK green investment, experts say

Green economists dismayed by failure to recognise one of the fastest-expanding areas of business

The Guardian - UK

VAT threshold for UK businesses limited by EU rules, Hunt admits privately

Exclusive: Chancellor disappointed some Conservatives with only limited rise in threshold, but said he was restricted by Northern Ireland protocol

The Guardian - UK

‘We deserve better’: what the papers say about Jeremy Hunt’s pre-election budget

UK front pages are split in their verdicts, with some calling it ‘desperate’ and others declaring the economy ‘ready for take off!’

The Guardian - AU

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

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The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

The Guardian view on the budget: plans to placate backbench critics, not meet the nation’s needs

Editorial: Raising taxes and cutting public spending won’t generate the investment to lift living standards and productivity

The Guardian - UK

‘It won’t shift the polls’: Tory MPs rue budget that lacked pre-election pizzazz

Headline cut to national insurance rate echoes measure taken in autumn statement, which made little impact on voters

Top News

King Charles Resumes Royal Duties Amid Cancer Treatment, Meets Ambassadors

King Charles resumes royal duties amidst health concerns, meets ambassadors, and engages in official meetings.

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The Guardian - UK

Hunt faces Scottish MPs’ revolt over energy firm windfall tax extension

Scottish Conservatives leader vows to vote against chancellor’s decision to lengthen levy to 2029

The Guardian - UK

‘A cut-and-paste budget’: UK businesses attack lack of help from chancellor

Hospitality trade says chancellor failed to help save sector with VAT cut, while travel industry laments air duty rise

The Guardian - UK

Jeremy Hunt gave us a hit-and-run budget. But unlike cornered chancellors past, he showed no shame

The Tories can see the writing on the wall – so they are intent on wrecking things for an incoming Labour government, says Guardian columnist Martin Kettle

The Guardian - UK

NHS England leaders welcome £6bn budget boost but say much more is needed

NHS Confederation chief says money ‘will scarcely touch the sides’, while there is little help for struggling social care system

The Guardian - UK

Jeremy Hunt’s cynical budget is the last, desperate gasp of a dying government

Many Conservative MPs fighting to hold on to their seats will be asking the chancellor: ‘Is this all you’ve got?’, says former shadow chancellor John McDonnell

The Guardian - UK

Hunt announces funds for police to use drones as ‘first responders’

Police chiefs say £230m boost falls far short of funding required as Amnesty International warns safeguards about usage are needed

The Guardian - UK

The only real giveaway in Jezza’s fictional budget was the despair on Tory faces

Taxes are going up, not down. Growth is going down, not up. And in the end, Hunt’s ramblings didn’t even convince his own side

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