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The Latest Breaking News from Jeremy Hunt

Big, bold and risky, but Rachel Reeves has still presented a continuity budget

In the long line of UK government budgets, this first one from Labour in 14 years will be remembered as one of the more significant. Perhaps not like those of Geoffrey Howe in 1981, which controversially cut spending in the middle of a recession, or Hugh Dalton in 1946, which…

The Conversation

Digested week: Crap telly, power naps – oh and I think I may have saved a friend’s life

Also this week, Sunak fails to go out with a bang, while his party can just about be bothered to pick his replacement

The Guardian - UK

Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’

Rachel Reeves was forced to accept that her decision to raise employers’ national insurance contributions will lead to workers being paid less, but asked, ‘what alternative was there?’

The Independent UK

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Budget ‘biggest-ever assault’ on competitiveness, says former chancellor Hunt

The Conservative shadow chancellor opened a Commons Budget debate on Thursday.

Evening Standard

Jeremy Hunt to step down as shadow chancellor with end of Tory leadership race in sight

The shadow chancellor, who narrowly retained his seat in the election, says he’s unlikely to return to the frontbenches for ‘the next few years, at least’

The Independent UK

Lower pay rises likely as result of Budget tax increases, Rachel Reeves admits

Tax rises in the Budget are likely to hit workers in the pocket with lower pay rises, Rachel Reeves has admitted.

The National (Scotland)

‘There will be consequences’: budget may mean smaller pay rises, says Reeves

Increase in employers’ national insurance contributions will affect businesses but is projected to raise £25bn

The Guardian - UK

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Lower pay rises likely due to Budget tax rises, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could impact wage growth for workers.

Evening Standard

Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could affect wage growth for workers.

The Independent UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

‘Budget not something I want to repeat ever again’ – Reeves

The Chancellor defended her first fiscal announcement and said she does not want to repeat the £40 billion tax rises she implemented.

Evening Standard

Thursday briefing: What you need to know about Rachel Reeves’s plans for the economy

In today’s newsletter: They spent weeks bracing the country for ‘tough decisions’, but in Labour’s first budget in 14 years, the chancellor adopted a slightly more optimistic tone

The Guardian - UK

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The Independent UK

Budget watchdog finds £9.5bn shortfall in previous government’s spending plans

Rachel Reeves’ Budget on Wednesday afternoon sought to address a ‘black hole’ in finances.

The Independent UK

Reeves will use tax rises and increased borrowing to ‘invest, invest, invest’

Rachel Reeves is the UK’s first female chancellor and she will deliver a Labour budget for the first time since Alistair Darling in March 2010.

Evening Standard

Budget reaction LIVE: Starmer and Reeves defend record tax-rises on hospital visit

Working families with a mortgage face risk of a double blow of higher rates and wage growth slump

The Guardian - UK

From capital gains to NICs: tax changes to look out for in autumn 2024 budget

Rachel Reeves will seek to close £40bn Whitehall spending gap with range of potential measures

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news in one place.

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The Independent UK

£3bn boost for armed forces expected as Reeves unveils Labour’s first Budget

Rachel Reeves will make history as the UK’s first female Chancellor when she delivers Wednesday’s Budget.

Evening Standard

Reeves pledges ‘more pounds in people’s pockets’ after warnings of tough choices

The Chancellor’s Budget is expected to focus on fixing the NHS, growing the economy and making people feel better off.

The Independent UK

Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review

Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans.

The Independent UK

Reeves hints at business rates reforms but declines to rule out fuel duty hike

The Chancellor also faced calls to reverse a cut to the winter fuel payment.

The Guardian - UK

Jeremy Hunt calls on government not to release OBR review into his spending plans

Former chancellor accuses Rachel Reeves of politicising Office for Budget Responsibility by release on budget day

The Guardian - UK

Farage and Reform ‘not the cause of Tory problems, but a symptom’, says Badenoch – as it happened

The Tory leadership candidate says the party churned out a laundry-list of promises instead of listening to members

The Guardian - UK

Gold price hits fresh record high, as bitcoin also rallies – as it happened

Analysts say gold is benefited from safe-haven demand amid persistent geopolitical tensions, expectations of monetary policy easing, and mounting uncertainty surrounding the US presidential election.

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