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The Latest Breaking News from Jeremy Hunt

UK faces record hit to living standards as tax hikes loom

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

Reuters

Pound falls as Jeremy Hunt announces tax rising Autumn Budget

The pound fell 0.9 per cent as the chancellor delivered the long-awaited Autumn Statement

The Independent UK

Many more to pay tax as Jeremy Hunt freezes allowances and cuts 45p top rate threshold

Millions more to be dragged into 20p and 40p tax rates through ‘fiscal drag’ – and more will pay 45p rate

The Independent UK

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UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

Daily Mirror

Autumn Statement: Scots hit by stealth tax as National Insurance threshold frozen until 2028

National Insurance thresholds will be frozen until 2028 - but as wages rise it means many more low-paid workers will start paying NI contributions.

Daily Record

Chancellor confirms £55 billion fiscal 'consolidation'

The Scottish Government is set to receive around an additional £1.5bn over 2023-24 and 2024-25

Insider UK

UK economy now in recession, Jeremy Hunt announces during Autumn Budget OLD

Office for Budget Responsibility says economy is shrinking again

The Independent UK

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More people to pay higher rate of tax as inflation projected to fall in 2023

The Chancellor said inflation was predicted to fall next year

Wales Online

Jeremy Hunt extends freeze on Income Tax thresholds - meaning millions will pay more

Income Tax and National Insurance thresholds are set at £12,570. This threshold has already been frozen for four years to April 2026, but this will now be stretched to April 2028

Daily Mirror

Electric car owners to pay vehicle tax from 2025

Jeremy Hunt announced the news to raise more money for the government

Wales Online

Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

Wales Online

Autumn statement 2022: key points at a glance

Jeremy Hunt is announcing his financial update – here are the main points, with political analysis

The Guardian - UK

What is ‘fiscal drag’ and how has Hunt used it in his autumn statement?

Stealth tactic pulls more taxpayers into higher brackets by freezing thresholds despite higher cost of living

The Guardian - UK

What are stealth taxes?

Chancellor Jeremy Hunt delivers Autumn Statement to Parliament laying out package of tax rises worth £24bn and spending cuts of £30bn to plug massive public funding black hole

The Independent UK

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Manchester Evening News

Phillip Schofield makes announcement seconds into ITV This Morning with Holly Willoughby

The presenter and co-host Holly Willoughby were back at the helm of the ITV daytime show

Daily Record

Petrol price hike warning amid fears Autumn Budget will 'tamper with' fuel costs

Chancellor Jeremy Hunt is being urged not to increase the price of petrol.

The Independent UK

Watch live: Chancellor delivers his autumn statement

All eyes are on Jeremy Hunt, who promises a plan to weather an economic ‘storm’.

Liverpool Echo

Martin Lewis warning to prepay and direct debit energy bill payers

The Money Saving Expert has shared some worrying figures ahead of the next price cap

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news in one place.

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The Independent UK

UK stuck in ‘Tory doom loop’ of emergency budgets, Labour says OLD

Chancellor expected to unveil cuts and tax rises following Liz Truss failure

The Guardian - UK

Jeremy Hunt says he has not ‘ducked difficult decisions’ as OBR says living standards growth wiped out – as it happened

Chancellor denies postponing financial pain as fiscal watchdog’s figures show eight years of income growth wiped out

The Independent UK

UK unveils emergency budget amid big demands but little cash

Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation’s budget while helping millions of people slammed by a cost-of-living crisis

Wales Online

Government releases trailer video for the autumn budget

The statement is coming this morning and will mean tax hikes and budget cuts

Evening Standard

Tory MPs threaten to rebel over tax hikes in budget

The Chancellor is facing a fight with prominent Tory MPs over his plans to hike taxes.

The National (Scotland)

A quick guide to the autumn Budget ahead of Jeremy Hunt's statement

JEREMY Hunt is set to announce the autumn Budget in which he is expected to unveil spending cuts and tax rises.

Manchester Evening News

'Austerity is false economy' - city mayor's message to Chancellor

Paul Dennett blasts projected £33bn spending cuts

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