Jeremy Hunt accuses OBR of making a ‘political intervention’ over Labour’s blackhole review Economics Chancellor Rachel Reeves has used the supposed existence of the £22bn blackhole as a justification to hike taxes in Wednesday's Budget.
Tory conference: Hunt warns Labour against ‘catastrophic’ Budget tax hikes Politics 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 Investing 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.
Election 2024: Jeremy Hunt clings on amid bloodbath of Tory big beasts July 5, 2024 Jeremy Hunt has clung on to his Surrey seat as scores of former cabinet colleagues were ousted in a bloodbath of Tory big beasts around the country.
Election 2024: Chancellor Jeremy Hunt could lose Surrey seat, exit poll projects July 4, 2024 Chancellor Jeremy Hunt could be set to lose his seat amid a historic night for Labour, according to the exit poll.
Election 2024: Live updates as Prime Minister Keir Starmer enters No 10 after Labour landslide July 4, 2024 City A.M. is bringing you the very latest news from 2024 General Election.