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The Latest Breaking News from Jeremy Hunt

‘It was frantic’: the scramble to save SVB UK and avert a banking crisis

A small army worked through the weekend to ensure 3,500 UK customers – largely tech firms – still had cash on Monday

The Guardian - UK

Jeremy Hunt's Spring Budget: What we know and the announcements to look for - including energy bills, benefits, childcare and more

A wide variety of economic issues will be tackled in the Chancellor's Spring Budget on Wednesday

Manchester Evening News

Budget 2023: government needs to show it can jack up growth to regain economic credibility

UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early…

The Conversation

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

Biden offers assurances after major US banks collapse

President says banking system is ‘safe’ but will seek accountability after second largest failure in US history.

Al Jazeera

The cost of performing household chores such as putting on a load of washing could rise from 71p to as much as 86p - if the Energy Price Guarantee increases to £3,000 as planned.

Edinburgh Live

MPs call on Jeremy Hunt to extend free school meals to all primary pupils

Campaign coordinated by Labour MP Zarah Sultana calls for every child to have access to a daily hot meal

The Guardian - UK

HSBC buys Silicon Valley Bank UK in rescue deal to avoid tech sector chaos

The 11th-hour sale was agreed after all-night talks between the Government and the Bank of England.

The Independent UK

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‘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

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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Daily Record

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.

The National (Scotland)

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…

Fortune

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.

Daily Record

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.

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The Independent UK

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

Wales Online

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.

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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