FCA softens ‘name and shame’ plans after City backlash November 28, 2024 The Financial Conduct Authority (FCA) has softened its controversial ‘name and shame’ plans and will take into account the damaging impact the proposals could have on companies, after furious backlash from the City and Westminster. In a statement today, the watchdog said it would set out plans for “further engagement” after its initial plans triggered [...]
Budget 2024: No10 claim Hunt trying to ‘blame referee’ as OBR row heats up October 29, 2024 Jeremy Hunt is trying to “blame the referee” amid a row over an OBR review into the previous government’s departmental spending plans, No10 has claimed. The former Chancellor has criticised the Office for Budget Responsibility (OBR) for choosing to publish its findings as to whether it was given adequate financial information from Conservative ministers ahead [...]
Jeremy Hunt accuses OBR of making a ‘political intervention’ over Labour’s blackhole review October 28, 2024 Chancellor Rachel Reeves has used the supposed existence of the £22bn blackhole as a justification to hike taxes in Wednesday's Budget.
Jeremy Hunt: Upping employer NI would be an ‘absolute disaster’ for economy October 22, 2024 Increasing employer national insurance contributions in the Budget would be an “absolute disaster” for Britain economically, Jeremy Hunt has warned. “I’m really worried that Labour is going to trash an economy, which has better growth prospects than it has for many years,” the shadow Chancellor told the Financial Times in an interview. On the prospect [...]
Tory conference: Hunt warns Labour against ‘catastrophic’ Budget tax hikes September 30, 2024 Jeremy Hunt has warned Labour against making “catastrophic mistakes” in the Budget and hiking up “tax in a way that destroys growth”. The shadow Chancellor issued a stark warning to the government as he spoke at the annual Conservative Party conference in Birmingham. Asked at an in-conversation event on Monday, if things could get worse, [...]
U-turn: British ISA dropped by Labour despite prior pledges September 4, 2024 The roll-out of a British ISA has been scrapped by the new government despite Labour insisting it had “no plans” to ditch the scheme in the run up to the election. The specialist stocks and shares ISA would have allowed savers to invest an extra £5,000 tax-free in UK equities, on top of the £20,000 [...]
True state of the public finances continues to divide opinion September 3, 2024 The true state of Labour’s fiscal inheritance continues to divide opinion. Over the first few weeks in office, the new government has been painting a very gloomy picture of the state of the public finances. The doom-mongering reached new heights last week after Sir Keir Starmer argued the state of the public finances were “worse [...]
The £22bn black hole row: Who’s telling the truth? July 31, 2024 Rachel Reeves and Jeremy Hunt are slinging accusations at each other about the state of the public finances. But who is right?
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
Former Chancellor Jeremy Hunt rules out Tory leadership bid July 6, 2024 Ex-Chancellor Jeremy Hunt has ruled himself out of the race to replace Rishi Sunak as Tory leader after the crushing election defeat to Labour.