The Latest Breaking News from Jeremy Hunt

Chancellor hopes to cut state aid for Speke vaccine plant to £40m. But pro-growth Treasury must not let project slip overseas

Shadow chancellow took a swipe at the woman who replaced him last month, saying she must not use the latest data to bring in ‘tax rises she had planned all along’

Rachel Reeves had hardly stepped down from the dispatch box to make her first big statement as chancellor of the exchequer before facing a furious backlash. She had claimed to have discovered a £22bn hole in public finances upon taking office and was using it to explain why the new…

Bank’s governor says planned awards of 5-6% would have relatively small impact on headline inflation

Reeves claimed the public finances face an extra £22 billion hole inherited from the Conservatives and warned of "difficult decisions" ahead

Phoenix Group and Schroders will target fast-growing green energy, windfarms, solar, property and small business

Ahead of her first budget, Rachel Reeves refused to rule out hiking capital gains and inheritance tax and pursuing pension reform to fill the £22bn black hole in the public finances

Chancellor rules out raising national insurance, VAT or income tax but says ‘difficult decisions to come’ amid £22bn public finance shortfall

Shadow chancellor says successor confected story of ‘black hole’ to distract from tax rises, but things are not clearcut