Jeremy Hunt has warned interest rates must be cut because of the financial “pain” families are going through. The Chancellor said that rates should be slashed from their current 5.25 percent because inflation has started to plunge. Mr Hunt’s remarks came during
Rishi Sunak has insisted it was “wrong” to suggest he did not back the Rwanda scheme as chancellor because he sought “value for money” for taxpayers. A report has suggested that he was not convinced of the plan’s effectiveness while serving as
Members of the Free Democrats, the smallest party in Chancellor Olaf Scholz’s coalition, voted in a low-profile ballot to remain in the government. The Free Democrats had joined a coalition with Social Democrats and Greens in late 2021, leading to ongoing conflict
Chancellor optimistic despite UK economic contraction and recession concerns (Image: Getty) Jeremy Hunt insisted the economic outlook is more optimistic than official records suggest after fears the UK is falling into recession. Revised figures show the economy shrank by 0.1 per cent
The co-founder and director of Cooper King Distillery in York, 37, said British drinkers have embraced locally made gin and whisky. He added: ““It’s been a difficult few years grappling with Covid, spiralling costs and a cost of living crisis, and we’ve
The UK Spirits Alliance (UKSA) warned a further increase in alcohol tax will harm British businesses. Distillers are struggling with spiralling costs and are fearful of the impact of the 10.1%increase in duty introduced on August 1, a survey showed. They fear
Senior Tories claim the Chancellor has been given bad advice and have drafted a package of targeted reductions to fire up the economy. They include cutting VAT on energy and fuel VAT by 5%. Easing the tax burden on November 22 is
Tory MPs reeling from last night’s double by-election defeat have urged Chancellor Jeremy Hunt to save them by delivering on his pledge to revive the nation’s flagging economy. Labour was celebrating after picking up wins in Tamworth and Mid Bedfordshire, with pollster
German Chancellor Olaf Scholz may turn down his invitation to a major UK summit on artificial intelligence, according to reports. The government are hosting the event on November 1 that is aimed at tech leaders, academics and political leaders to discuss the
Dear Chancellor, Together, we write to ask you to take action in your Autumn Statement to boost the NHS and the economy by preventing fractures caused by osteoporosis. Half of women over 50 will suffer fractures. These injuries are the fourth most