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The Latest Breaking News from Jeremy Hunt

‘Your deposits will be there when you need them,’ president says

President Joe Biden on Monday moved to assure the public after the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

Chicago Sun-Times

27 household items and how much they will cost to run each time from next month

The cost of doing a single load of laundry could go up from 71p to 86p if the Energy Price Guarantee rises to £3,000.

Daily Record

Why did Silicon Valley Bank collapse? And how did HSBC rescue its UK arm?

A weekend of high political drama ends in a rescue deal that leaves fast-growing sector safe in the City

Evening Standard

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When is the Budget and what is in it: Changes to benefits, childcare and bills

Jeremy Hunt is to announce big changes to some taxes, energy bills, Government help with childcare, benefits and possibly the cost of petrol

Wales Online

Energy bills set to be slashed for millions of UK households with prepayment meters

The Chancellor is set to announce the plans in his Spring Budget

Nottingham Post

More than four million struggling households set to see their energy bills slashed

From July, prepayment meters customers will no longer pay more than direct debit households, in a move the treasury says will save households £45 a year

Daily Mirror

THG and musicMagpie move to reassure investors as Silicon Valley Bank's UK arm is sold to HSBC

Chancellor Jeremy Hunt has confirmed that all customer deposits have been protected under the deal, and that no taxpayer cash was involved

Birmingham Post

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New measures to boost workforce participation for benefit claimants, over-50s and long-term sick or disabled on way

The Treasury has announced new steps to boost workforce participation ahead of this week’s Budget.

Daily Record

UK arm of collapsed Silicon Valley Bank bought by HSBC

THE UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to…

The National (Scotland)

Not just Silicon Valley: SVB’s collapse spreads globally

It's not just U.S. officials scrambling to understand the repercussions of Silicon Valley Bank's collapse.

Fortune

Energy prepayment meter charges to be cut from July as part of Spring Budget support

The Treasury said four million households will save £45 each year in an early Budget announcement.

Daily Record

HSBC buys UK arm of Silicon Valley Bank after collapse – latest updates

Some 200 UK tech companies had been put at risk by collapse

The Independent UK

HSBC to buy Silicon Valley Bank UK after weekend of crisis talks

Chancellor Jeremy Hunt said deposits will be protected

The Independent UK

HSBC buys UK arm of troubled Silicon Valley Bank with no cost to taxpayer

Silicon Valley Bank's (SVB) possible collapse had posed a serious threat to the tech sector which had deposited large amounts of cash with the bank. HSBC has now bought the UK arm of the struggling bank.

Wales Online

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Birmingham Post

Silicon Valley Bank's UK arm is sold to HSBC to protect customers

Government and Bank of England helped facilitate the deal amid fears that the tech sector would be devastated by the bank's failure

Insider UK

Silicon Valley Bank UK arm is sold to HSBC with all deposits 'safe and secure'

Chancellor says SVBUK customers should 'feel reassured by the strength, safety and security' of HSBC

Daily Mirror

Jeremy Hunt announces sale of Silicon Valley Bank to HSBC in rescue package

Over the weekend the Chancellor said there was a 'serious risk' to the UK's technology and life sciences sectors as a result of the collapse of Silicon Valley Bank.

The Guardian - UK

HSBC to buy Silicon Valley Bank UK for £1 in rescue deal

Takeover arranged by government is likely to save British startups from big losses after US bank’s collapse

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The Guardian - UK

Monday briefing: Why everyone loses in Gary Lineker v the BBC

In today’s newsletter: From football fans to the prime minister, a spat that started over a tweet is sucking everything into its damaging orbit

The Guardian - UK

Silicon Valley Bank: FTSE 100 tumbles 2.5%; HSBC rescues SVB UK – as it happened

Silicon Valley Bank UK has been sold to HSBC, in a deal that protects depositors’ money, says Treasury and Bank of England after weekend talks

The Independent UK

Customs system to be simplified as part of Budget plans

The changes could make it easier for UK traders to move goods across borders, the Treasury said.

Daily Mirror

'Tory obsession with Gary Lineker won't hide the mess they're making of Britain'

Tory MPs are keen to talk about migrant boats the Gary Lineker row rather than how they have made a mess of the economy and the NHS, writes the Mirror's Kevin Maguire

The Guardian - UK

Pressure on BBC chair mounts over Gary Lineker suspension

Executives race to resolve Match of the Day presenter standoff as senior Tories stop short of backing Richard Sharp on impartiality

Birmingham Post

Chancellor 'working ‘at pace’ to help UK tech firms after Silicon Valley Bank collapse

Warning that science and technology firms face 'serious risk'

Insider UK

Hunt working ‘at pace’ to help tech firms after Silicon Valley Bank collapse

Warning of 'serious risk' to tech and science firms

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