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The Latest Breaking News from Jeremy Hunt

Digested week: Recession, a shabby state of affairs – and a wait after a fall

A trip to A&E and more awards for actors while MPs struggled to hold an adult debate on Gaza

The Guardian - UK

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Analysts say figures give chancellor slightly more leeway for tax cuts before general election

The Guardian - UK

FTSE 100 Live 21 February: UK in record budget surplus, HSBC disappoints despite $30bn profits

HSBC, BAE Systems and Rio Tinto are among the heavyweight London-listed stocks in the spotlight today.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Jeremy Hunt’s budget giveaway ‘will act as sweet filling in tax sandwich’

Thinktank says juicy cuts this year follow far bigger increases in 2023 and precede planned ‘chunky rises’

The Guardian - UK

What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

International Business Times UK

The Tory press can publish all the tax avoidance guides they like – the rich won’t flee a Labour government

The scare-mongering will come to nothing. Britain’s super-wealthy know that moving abroad would be bad for business, says Guardian columnist Polly Toynbee

The Guardian - UK

The Tory press can publish all the tax avoidance guides they like - the rich won’t flee a Labour government

The scare-mongering will come to nothing. Britain’s super-wealthy know that moving abroad would be bad for business, says Guardian columnist Polly Toynbee

The Guardian - UK

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A PM with no credo and a paltry record, a party with no plan or direction. That’s the Tories now

Sunak’s job is safe for now because no one else wants it. And don’t discount a May election yet, says Henry Hill, deputy editor of ConservativeHome

The Guardian - UK

The Tories’ tax plans are absurd. When will Labour be brave enough to say so?

Pre-election giveaways funded by yet more austerity will push the welfare state the opposition created towards ruin

The Guardian - UK

Sunak is warned spending squeeze could lead to Conservative party wipeout at election

As fresh party infighting erupts after two byelection losses, the right are targeting public service funding to pay for tax cuts while others urge restraint

The Guardian - UK

Don’t 'Tell Sid' to buy NatWest shares — Give us them for free

City Comment: If big investors don’t fancy NatWest shares at the current price, why should we?

Evening Standard

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

Britain is in a rut. Here are five ways to fix the economy

From unfreezing tax thresholds to boosting social housing, solutions to the UK’s problems don’t have to trigger the return of inflation

The Guardian - UK

‘Rishi’s recession’: Reeves seizes her moment to take the economic high ground

Shadow chancellor’s No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say

The Guardian - UK

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International Business Times

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

The Guardian - UK

Labour accuses Hunt of being ‘out of touch’, with voting under way in Kingswood and Wellingborough byelections – as it happened

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

The Guardian - UK

Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

The Guardian - UK

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

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Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

Top News

UK's Hunt eyes public spending cuts to fund tax cuts

The Financial Times reports that the UK's Chancellor of the Exchequer, Jeremy Hunt, is considering further reductions in public spending to finance tax cuts.

International Business Times

UK Inflation Holds At 4.0 Percent In January: Data

Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.

Latin Times

UK Inflation Holds At 4% In January: Data

The Consumer Prices Index (CPI) stood at 4.0 percent last month, the Office for National Statistics (ONS) said in a statement.

Evening Standard

Hunt warned that UK tax cuts risk increasing mortgage rates

“A policy package that ends up lifting mortgage rates is the last thing Hunt will want with an election looming” Bloomberg economist Dan Hanson said

The Guardian - UK

We’ve heard lots about what Labour won’t do, but here’s something they should: close the Tories’ tax loopholes

Rachel Reeves has ruled out a wealth tax, but she’ll need to raise revenue somehow – and there are still good options available, says Guardian columnist Polly Toynbee

The Guardian - UK

Recession verdict for UK economy will be no laughing matter for Hunt and Sunak

Figures on GDP, wages and inflation this week are set to offer Labour plenty of scope for criticising Tories’ economic competence

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