Jeremy Hunt warns economic watchdog against Chancellor Rachel Reeves ‘fiddling the fiscal rules’

Creative Media NewsWednesday, 4 September 2024, 14:000

Last night, Jeremy Hunt called on Britain's economic watchdog to prevent Labour from 'fiddling the fiscal laws'.The former Chancellor will introduce a Commons amendment today that would oblige the Office for Budget Responsibility (OBR) to investigate the implications of Rachel Reeves's move to reform the fiscal rules that control government expenditure and borrowing.Ms Reeves has accepted similar regulations to the last Tory government, including provisions that require the national debt to decline as a share of income within five years.

Jeremy Hunt promises autumn national insurance cuts ‘if we can afford it’

Creative Media NewsSunday, 19 May 2024, 15:250

Furthermore, if the government prevails in the upcoming election, the chancellor maintains that taxation will decrease; however, he cannot provide a "cast-iron guarantee" regarding the precise timeframe."If we can afford it," Jeremy Hunt has pledged to reduce national insurance again in the autumn.Since entering Number 11, the chancellor has reduced the tax by two times, which the government estimates has saved individuals an average of £900 per year.

Jeremy Hunt: UK must worry about Islamic State post-Moscow

Creative Media NewsSunday, 24 March 2024, 22:494

Islamic State Khorasan (IS-K) has issued a statement claiming accountability for the concert hall massacre, which resulted in the deaths of over 130 individuals.In the wake of the terrorist attack in Moscow, Chancellor Jeremy Hunt has cautioned that the United Kingdom should "absolutely" be concerned about the threat posed by Islamic State.

Jeremy Hunt proposes cutting spending for tax cuts

Creative Media NewsFriday, 16 February 2024, 12:000

Greater reductions in government expenditure are being considered by the Chancellor as a means to implement tax cuts.Economic forecasts released before the Spring Budget, which Jeremy Hunt believes depict a bleaker picture of public finances than previously anticipated, have prompted him to consider cuts.Mr Hunt has made no secret of his desire to reduce taxes, which are poised to reach their highest level in decades.

Jeremy Hunt says UK must end tax rise ‘vicious spiral’

Creative Media NewsSaturday, 30 September 2023, 12:000

Chancellor Jeremy Hunt has stated that he intends to end the “vicious circle of ever-rising taxes” by reforming public services and the benefits system. On the eve of the Conservative Party conference, some Tories are expected to advocate for tax cuts, prompting his remarks. More than thirty members of parliament, including Liz Truss and Dame...

Tax cuts ‘absolutely unachievable’ now, says Jeremy Hunt.

Creative Media NewsSaturday, 23 September 2023, 2:000

Chancellor Jeremy Hunt has stated that delivering tax cuts will be “virtually impossible” until the UK economy shows signs of improvement. With a less pessimistic economic outlook and the rising cost of living, there have been calls for tax reduction measures in the Autumn Statement scheduled for November. During an interview on LBC, Mr. Hunt...

Jeremy Hunt rejects mortgage support and food price caps.

Creative Media NewsWednesday, 21 June 2023, 16:000

Later this week, the chancellor will meet with the major mortgage lenders to determine what assistance they can provide to those in arrears and those struggling with more costly mortgages. Mortgage bill support has been ruled out by the chancellor out of concern that it would increase inflation. In response to a question in the...

Jeremy Hunt calls childcare money giveaway “biggest transformation in my lifetime.”

Creative Media NewsThursday, 16 March 2023, 16:000

The new program will provide 30 hours of free child care to working families with children aged nine months to four years, but it will not be implemented until 2024, possibly after the next general election. Chancellor Jeremy Hunt has defended the rapid implementation of his budget proposal to provide working parents with free childcare,...

HS2 will reach central London, Jeremy Hunt says.

Creative Media NewsFriday, 27 January 2023, 18:000

According to reports, the high-speed line may only reach Old Oak Commons due to rising costs, but the chancellor affirms the government’s commitment to Euston, the original goal. The chancellor has confirmed that HS2 will conclude at Euston, contrary to rumors that the high-speed train would terminate before reaching central London. Jeremy Hunt stated that...

Jeremy Hunt announces massive financial reforms to ‘turbocharge’ growth.

Creative Media NewsSaturday, 10 December 2022, 5:000

Treasury officials have stated their desire for guidelines based on worldwide best practices that strike a balance between company burdens and consumer safety. The Chancellor of the United Kingdom, Jeremy Hunt, has initiated a significant overhaul of the country’s financial industry, to cut red tape and replace several EU laws. Mr. Hunt stated that the...

Jeremy Hunt will continue energy aid, but bills will rise

Creative Media NewsFriday, 18 November 2022, 7:000

Chancellor Jeremy Hunt is set to prolong assistance with energy bills beyond April, but at a less generous level, in his Autumn Statement. Government benefits and pensions will also increase in tandem with inflation. Mr. Hunt will announce, at approximately 11.30 GMT, tax increases and spending cuts intended at repairing the nation’s finances. Labour asserts...