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Treasury

  • Hunt announces civil service hiring freeze as he aims to shrink the state

    UK Politics

    Chancellor Jeremy Hunt today announced a freeze on civil service recruitment and pledged to shrink the size of the state.

  • Pay boost for 2m workers as Hunt to confirm living wage rises to £11 an hour

    UK Politics

    Workers could see their pay packets feel heavier as Jeremy Hunt is set to announce a rise in the national living wage to at least £11 an hour.

  • Normal service resumed? CBI boss tells corporate Britain she’s turned the page on scandal

    Business

    Rain Newton-Smith is well respected in the City but scandals and questions over its long-term utility have left the CBI in a pinch

  • UK ‘committed to working closely’ with the EU as City firms fear post-Brexit red tape

    September 27, 2023

    The City minister has said the UK is "committed to working closely" with the EU on financial services rules today amid fears that growing divergence between UK and EU regulators will increase the regulatory burden on City firms.

  • Labour vows to overhaul apprenticeship levy to improve skills and growth

    September 25, 2023

    Labour has pledged to reform the apprenticeship levy in a bid to encourage firms to improve their employees' skills.

  • Hunt’s mooted ISA reforms offer ‘a beacon of hope’ to struggling firms, business groups say

    September 24, 2023

    Top City business groups have welcomed suggestions the Treasury could reform rules around ISAs in a bid to supercharge London-listed firms.

  • Government borrows less than official predictions in August thanks to rising tax receipts

    September 21, 2023

    The government borrowed £11.6bn in August, the fourth highest August borrowing figures on record but still lower than official forecasts from the Office for Budget Responsibility (OBR). According to figures from the Office for National Statistics (ONS), higher central government spending meant borrowing was £3.5bn higher than August last year. The only time the government [...]

  • 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.

  • Darren Jones: Keir Starmer moves rising star to Labour’s shadow treasury team

    September 4, 2023

    Labour MP Darren Jones has been appointed shadow chief secretary to the treasury, in Sir Keir Starmer’s reshuffle of his top team. Jones made headlines and viral TikToks as he clashed with Royal Mail, Amazon and P&O bosses in his role as business and trade select committee (BTC) chairman. He will now serve alongside shadow [...]

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  • Hunt announces civil service hiring freeze as he aims to shrink the state

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