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The Latest Breaking News from Jeremy Hunt

Chancellor unsure if Government can afford to announce new tax cuts

Jeremy Hunt was speaking to reporters as the rate of national insurance was cut from 12% to 10%.

Evening Standard

Hunt issues tax warning as cut in national insurance takes effect

Chancellor says while reduction to 10% will bring ‘significant relief’ pre-pandemic levels of tax can’t be achieved in one go

The Guardian - UK

How much National Insurance do I pay as rate cut by two per cent?

Find out how much National Insurance you have to pay and use the calculator that will estimate how much this 2 per cent rate change will impact you.

The National (Scotland)

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Jeremy Hunt says buying first home a ‘real struggle’ after ‘not that difficult’ claim by NatWest chair

Chancellor also describes ‘lots’ of taxes as ‘pernicious’ as he again hints at more tax cuts to come in his Budget

The Independent UK

Creation of Palestinian state is only way to peace, EU foreign policy chief says – as it happened

Josep Borrell wants European-Arab initiative to revive a peace process, with the ultimate aim being a two-state solution

The Guardian - AU

Jeremy Hunt unsure if government can afford more tax cuts

‘I don’t yet know if I can’, says chancellor when asked about pre-election tax giveaway talked up by PM

The Independent UK

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Institute for Fiscal Studies says personal taxes are rising despite much-hyped Tory tax cuts

The Independent UK

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550,000 more Londoners to be dragged into paying income tax higher rate due to threshold freeze, warn Lib-Dems

Nearly a million more people in the capital and wider South East will also be brought into paying Income Tax by the threshold freeze policy

Evening Standard

Six things to watch in 2024 global economy, from tax cuts to AI

The Israel-Hamas war could broaden, and many developing countries are on a path to crisis

The Guardian - UK

Government admits criticised new childcare policy is ‘no easy task’ to implement

Exclusive: As the government rolls out registration for new childcare hours, Labour warns Tories’ pledges are ‘meaningless’ to parents unable to find childcare

The Independent UK

Tories have plenty of weak spots – and dislike years that end in four

Labour will be going on the attack, mindful of having come to power in 1924, 1964 and 1974

The Guardian - UK

Britain is stuck in a doom loop: the system is rigged against growth. That needs to change

UK’s pension regime makes investment nigh-on impossible. A radical reform under Labour would turbo-charge the economy

The Guardian - UK

The Observer view on abolishing inheritance tax: a handout to the wealthy

If enacted in Jeremy Hunt’s spring budget, the move would provide a windfall for the richest at the expense of less affluent people

The Guardian - UK

Life is good for baby boomers. But Jeremy Hunt plans to make it even better

Over-60s are richer thanks to high interest rates and well-performing pension funds. And the Tory voters among them will look kindly on a chancellor who helps out by cutting inheritance tax

The Guardian - UK

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The Independent UK

Government will use jogging clubs to get long-term sick back to work

Activities such as singing, cooking or gardening will also be offered in new push to cut benefits

The Independent UK

Ex-chancellor Norman Lamont says Sunak must ignore calls to ditch inheritance tax

Tory grandee doesn’t ‘buy’ MPs’ argument that tax on inherited wealth is widely hated

The Guardian - UK

Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions?

The Independent UK

Struggling children are ‘products of crap parents’, Tory MP claims

Bury North MP James Daly says Labour only ever ‘throw money’ at poor families

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The Guardian - UK

Why UK chancellor should avoid inheritance tax sugar rush in budget

Slashing the headline rate may offer short-term gains, but the responsible route may be better bet for Jeremy Hunt

The Guardian - UK

Heavy election defeat could lead to Tory lurch to right, analysis shows

With another two-point slip from current polling, about 40% of Tory MPs would come from populist right

Fortune

British startups should be kept on home soil, says top bank boss, who notes U.S. buyouts are getting all the glory with none of the risk

“We don’t want to be an incubator economy taking all the risk of these very, very tiny companies, and then not able to capitalize on that,” says BBB’s Stephen Welton.

The Guardian - UK

May election is ‘worst kept secret in Westminster’, says senior Labour MP

Emily Thornberry says country is desperate, and Labour is ready, for general election

Evening Standard

UK economy set to escape 2024 'hard landing' in boost for Sunak

After a brush with recession, consumers are set to spur a rebound

The Guardian - UK

How a spring UK budget could fire the starting gun for an early election

UK economic prospects are bleak but an agenda-setting fiscal event such as sweeping tax cuts in March offers another roll of the dice

The Independent UK

Rishi Sunak ‘considering scrapping inheritance tax’ ahead of general election

Prime minister has reportedly ordered a ‘gear change’ on tax as his party flounders in the polls

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