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The Latest Breaking News from Jeremy Hunt

The Guardian view on a death of consensus: politicians are having different nightmares

Editorial: Interventions from the Tory chancellor and his Labour shadow spell the end of a period of economic agreement

The Guardian - UK

UK bonds are in meltdown again – what does that mean for pensions? Expert Q&A

UK government debt prices have taken an unnerving journey south in the past few days. The closely watched ten-year bond has now hit a yield of 4.3%, taking it within a fraction of the level that caused a crisis in autumn 2022.

The Conversation

UK's Treasury chief accepts that recession may be necessary to get inflation down

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

The Independent UK

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OPINION - The Standard View: Jeremy Hunt speaks the uncomfortable truth: inflation is the great enemy

It is not something you hear a Chancellor say every day, not least 12 to 18 months out from a general election. Asked if he was “comfortable with the Bank of England doing whatever it takes to bring down inflation, even if that potentially would precipitate a recession”, Jeremy Hunt…

Evening Standard

Tory Jeremy Hunt backs interest hikes pain for Brits - even if it risks recession

The Bank of England has hiked interest rates repeatedly to tackle inflation - in a hit to mortgage payers - and experts have warned they could raise them higher than the current 4.5% next month

Daily Mirror

Hunt will back more interest rate rises even if they push UK to recession

Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’

The Guardian - UK

Partygate: Nadine Dorries suggests Boris Johnson Chequers records might have wrong names and dates – as it happened

Former culture secretary says prime ministerial diaries ‘are frequently wrong’

The Guardian - UK

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Chancellor backs interest rate hikes even if they push UK into recession

Chancellor Jeremy Hunt has backed interest rate hikes being used to calm soaring inflation even if they increase the risk of pushing the UK into…

The National (Scotland)

Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – as it happened

Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb

The Guardian - UK

June dates for DWP cost of living payments, benefits and pensions

Help available as more than 10m Britons struggling with bills, according to new study

The Independent UK

Jeremy Hunt ‘comfortable’ with recession if needed to cut inflation and stabilise economy

There are fears the bank’s Monetary Policy Committee may have to raise interest rates to as high as 5.5 per cent to tackle inflation

Evening Standard

Life sciences sector to get £650m ‘war chest’ in new funding package

It is the latest effort to follow up on the prime minister’s pledge to turn the UK into a ‘science superpower’

The Independent UK

GPs could be offered bonuses to increase patient numbers in clinical trials

Package of measures for UK life sciences sector also includes overhauling regulatory process for new medicines

The Guardian - UK

All the DWP benefit and support payments confirmed in June

It comes after millions received Cost of Living support payments from the DWP and HMRC in May

Bristol Post

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The Independent UK

June dates for DWP cost of living payments, benefits and pensions

Help available as more than 10m Britons struggling with bills, according to new study

The Independent UK

Why food prices remain ‘worryingly high’ despite inflation falling

Consumers are continuing to face soaring prices for cupboard essentials, even as overall inflation eases

The Guardian - UK

Failure to grasp UK inflation drivers will continue to keep prices high

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

The Independent UK

UK inflation falls to lowest level in over a year but food prices keep decline in check

Official figures show that inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine which caused energy and food costs to surge

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The Guardian - UK

UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

The Independent UK

June dates for DWP cost of living payments, benefits and pensions

Help available as more than 10m Britons struggling with bills, according to new study

The Guardian - UK

IMF’s anti-tax cut stance may give Rishi Sunak cover to resist Tory right

UK ministers will use improved forecast to claim plans are working – but IMF also urged more action to protect vulnerable people

Nottingham Post

All the DWP benefit and support payments confirmed in June

It comes as around 900,000 households received cost-of-living payments worth about £300 million in total in early May

Evening Standard

Homeowners warned they could be hit with two interest rate hikes this summer

IMF warns that interest rates will rise further but forecast that the UK would avoid a recession

The Independent UK

Bank of England admits it made errors in inflation forecasts

The Bank’s top economist Huw Pill acknowledged forecasts for inflation were ‘too low’, leading to mistakes in its decision-making

The Guardian - UK

IMF says UK no longer heading for recession but urges against tax cuts

Jeremy Hunt should squeeze public spending and cut debt, says Washington-based body

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