Jeremy Hunt

UK govt woos voters with more pre-election tax cuts

In a budget update, finance minister Jeremy Hunt said the government would cut national insurance -- a payrolls tax paid by employees and employers -- by two percentage points from April, matching action he took in November.

UK economy to grow in 2024 after recession, Hunt says in budget speech

The new figure for growth was a touch stronger than a forecast for an expansion of 0.7% in the previous outlook for 2024, published by the Office for Budget Responsibility (OBR) in November.

India to explore London Stock Exchange for direct listing of Indian companies

FM Nirmala Sitharaman and her UK counterpart Jeremy Hunt also announced the launch of the UK-India Infrastructure Financing Bridge for "harnessing collective expertise in planning and implementing major infrastructure projects".

UK Chancellor sets out 'growth' Budget with pension, childcare sops

"Our plan is working inflation falling, debt down and a growing economy," said Hunt, who presented his first full Budget as a member of the Sunak-led Cabinet.

‘Aiyyo’ Shraddha, comedian who met PM Modi, now enjoys masala dosa with UK finance minister

UK's Chancellor of the Exchequer, Jeremy Hunt, met Finance Minister Nirmala Sitharaman, Wipro Chairman Rishad Premji and comedian Shraddha Jain in Bengaluru.

Is UK’s return to austerity warranted?

Even though the forecasts for the UK economy are more optimistic from 2024 onwards, the moot question is whether self-imposed fiscal deficit targets should be the priority for the government at this juncture

UK unveils austerity budget with major tax hikes, spending cuts despite recession

Finance minister Jeremy Hunt confirmed the painful measures were needed to bring financial stability after recent turmoil, and insisted they would alleviate rather than aggravate the downturn.

Rishi Sunak's govt unveils UK emergency budget amid big demands but little cash

Treasury chief Jeremy Hunt will deliver the government's plan for tackling a sputtering economy in a speech to the House of Commons today.

UK economy set to shrink next year, FM Jeremy Hunt says in budget speech

The new forecast is for gross domestic product to contract by 1.4% next year compared with a projection for growth of 1.8% in the previous outlook published in March by the Office for Budget Responsibility (OBR).

'Eating testicles in jungle is only job worse than being UK chancellor’: Jeremy Hunt

UK Finance Minister Jeremy Hunt was referring to former health secretary Matt Hancock eating part of a camel’s penis, sheep’s vagina and cow’s anus on a television show.

UK's self-billed 'Scrooge' promises tax rises, spending cuts

Jeremy Hunt said he was forced to make “very difficult decisions” in his attempt to curb inflation and put the economy back on an even keel.

Sunak, Hunt say ‘Inevitable’ all Britons will pay more tax

Sunak met with Chancellor of the Exchequer Jeremy Hunt on Monday to discuss tax and spending plans ahead of an economic statement planned for November 17.

'How is this helping voters?' ask Britons after Rishi Sunak delays budget plan by almost 3 weeks

Rishi Sunak's move to postpone the budget has not left Britons impressed with most complaining of having to wait for nearly three more weeks before they can decide on making their financial decisions accordingly.

UK PM Rishi Sunak may delay fiscal statement: Report

Sunak is expected to meet finance minister Jeremy Hunt on Wednesday to discuss his proposals to increase taxes and squeeze public spending, the report said.

New UK PM Sunak unveils top team as historic tenure begins

In his first order of business, Sunak retained Jeremy Hunt as chancellor of the exchequer, bidding to keep financial markets on side after Truss's budget plans shocked investors.

Rishi Sunak retains Jeremy Hunt as UK finance minister

Hunt, appointed by Sunak's predecessor Liz Truss just 11 days ago in an ultimately futile bid to salvage her faltering premiership, has succeeded in stabilising tumultuous markets in his short tenure.

The rise and fall and rise of Jeremy Hunt

There are no parallels in British history. The nearest comparison for Hunt is Mario Draghi, the former president of the European Central Bank who was parachuted into power in Italy 2020 when Giuseppe Conte’s government collapsed.

European stocks rally as UK's U-turn on tax cuts settles nerves

Britain's new finance minister Jeremy Hunt announced he was reversing "almost all" the tax measures laid out by Prime Minister Liz Truss and his predecessor Kwasi Kwarteng just three weeks ago.

New UK Finance Minister Jeremy Hunt scraps tax plan, reins in energy support

Tasked with halting a bond market rout that has raged since the government announced huge unfunded tax cuts on September 23, Jeremy Hunt said the country now needed to increase taxes and cut spending to rebuild stability and confidence.

UK finance minister Jeremy Hunt seeks to stem bond rout by rushing forward tax plan

Jeremy Hunt, racing to rewrite Truss's economic programme since he replaced Kwasi Kwarteng who was fired on Friday, is trying to halt a bond market rout that has raged since Sept. 23 when the government announced a string of unfunded tax cuts.

Liz Truss's fate lies in new chancellor Jeremy Hunt's hands

Downing Street spokesmen and cabinet ministers had earlier lined up to declare that any move to abandon her unfunded tax cuts was unthinkable and capitulation unimaginable.