Jeremy Hunt to woo US tech firms on west coast tour September 19, 2023 Jeremy Hunt will meet with technology and creative firms on the west coast of the United States as part of efforts to make Britain the “next Silicon Valley”. The Chancellor will hold talks with tech giants including Microsoft, Amazon and Alphabet in Los Angeles, San Francisco and Seattle as he seeks to boost investment in [...]
UK will not follow Biden’s ‘subsidy bowl’ economic policy, Chancellor says September 16, 2023 The government’s £500m intervention into Britain’s biggest steelworks is not a sign that ministers are set to follow Joe Biden’s “subsidy bowl” economic policy, the Chancellor has said. Jeremy Hunt insisted that the financial backing for Tata, the Indian conglomerate owner of the Port Talbot steelworks in South Wales, came after “very credible commitments” were [...]
Pensions secretary: Triple lock has ‘very long term’ question marks as cost spirals September 12, 2023 The triple lock - set to cost an extra £2bn as a result of new wage growth data - may not be sustainable in the long-term
Chancellor: India’s ‘Silicon Valley’ could revitalise London’s capital markets September 11, 2023 Indian firms are set to explore listing internationally on the UK’s London Stock Exchange, amid trade talks between the two nations.
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Rachel Reeves preferred to Jeremy Hunt for Chancellor by voters, poll finds September 6, 2023 Pollsters found 21 per cent of the public opted for Reeves, versus just 14 per cent for the former health secretary.
Rishi Sunak hits his lowest ever rating as just 32 per cent of Britons think he makes a good PM September 1, 2023 Rishi Sunak has scored his lowest ever rating for how much of the public think he would make the best Prime Minister, according to new polling. The Conservative Party leader convinced just 32 per cent of the British population that he is the best choice for Prime Minister, pollsters at Savanta found, dropping two points [...]
Brexit border checks on food delayed for fifth time August 29, 2023 The implementation of post-Brexit border checks on food products coming from the EU has been delayed for a fifth time.
Calls to cut taxes show ‘questionable judgement’, economists warn August 23, 2023 Economists have warned that calls from Conservative MPs for Chancellor Jeremy Hunt to cut taxes after improved borrowing data emerged show “questionable judgement”. Three backbench Conservatives piled the pressure on, according to the Financial Times, with calls for “personal tax reductions” to “stimulate the economy”. The pleas came after figures from the Office for National [...]
Public firms could be allowed to extract £50bn from staff pension schemes in bid to boost investment August 21, 2023 Public firms could be permitted to withdraw up to £50bn from staff pension schemes if government plans for a sweeping shake up of the industry’s rules go ahead. Returns on investments in government bonds – known as gilts – have seen workplace pension schemes go from being well in the red to significantly cashed up [...]