The government’s budget proposal, known as the Autumn Statement, will lead to £55 billion in tax rises and spending cuts to fill a massive funding gap. Here are five takeaways.
Tag: Hunt, Jeremy
UK Announces Billions in Tax Increases and Spending Cuts
The government is betting that the plan will put public finances back on sound footing but acknowledges that the measures are likely to deepen the economic misery for Britons.
Jeremy Hunt Will Be the UK’s Bearer of Bad News
Jeremy Hunt, the chancellor of the Exchequer, is known for his competence and sober demeanor, which he will most likely need as he outlines tax increases and public spending cuts.
As U.K. Braces for Painful Budget Cuts, the Mood Is Gloomy
Swindon, west of London, has reinvented itself several times, always a rung lower on the economic ladder. Now it awaits another step down.
As U.K. Braces for Painful Budget Cuts, the Mood Is Gloomy
Swindon, west of London, has reinvented itself several times, always a rung lower on the economic ladder. Now it awaits another step down.
UK Leader Rishi Sunak Faces a Bruising Prime Minister’s Questions
The opposition’s lines of attack, starting with Mr. Sunak’s choice of home secretary and his wife’s wealth, gave a glimpse of where it sees vulnerabilities in the governing Conservatives.
Who Are Rishi Sunak’s Top Cabinet Ministers?
The new prime minister named people with high-level experience, several of them to posts they have held before, sending a message of stability after a period of upheaval.
Liz Truss Fires Home Secretary Suella Braverman After Email Breach
Britain’s prime minister dismissed Suella Braverman after an email breach. Ms. Truss was also grilled in Parliament over her repudiated budget.
Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s
After a blowback over her budget-busting tax cuts, Britain’s prime minister has junked her free-market plans and adopted several measures favored by Labour.
Finance Minister Jeremy Hunt Drops Most of U.K. Tax-Cut Plan
Jeremy Hunt, the new finance minister, dropped almost all of Ms. Truss’s planned cuts, a deeply humbling reversal for Ms. Truss.