Tag: Jeremy Hunt

• Friday, November 18th 2022 - 09:23 UTC

  UK in recession; Autumn plan anticipates £30 billion in spending cuts and £25 billion in tax hikes.

  

  Chancellor of the Exchequer Jeremy Hunt announced on Thursday a £55 billion fiscal plan with £30 billion in spending cuts and £25 billion in tax hikes. The measures which anticipate a cold winter and long recession in the UK, included an extra two-year freeze on income tax thresholds and a lowering of the top rate of income tax to £125,140

• Thursday, November 17th 2022 - 10:00 UTC

  UK's double shock, highest inflation in 41 years and a draconian Autumn budget

  

  Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”

• Saturday, November 5th 2022 - 10:25 UTC

  Strong lobbying to boost defense spending from Secretary Wallace and Speaker of the House

  

  UK Defense Secretary Ben Wallace will urge Jeremy Hunt to boost defense spending during a crunch meeting with the Chancellor. Speaking to Forces News, Ben Wallace says he will “make sure that, in this difficult economic time, defense gets its fair share” at their meeting on Thursday.

• Thursday, October 27th 2022 - 10:16 UTC

  UK's Autumn's budget delay to Nov 17, leaves BoE on the dark as to interest rate increase next week

  

  Since British Chancellor of the Exchequer Jeremy Hunt pushed back this year's autumn statement (expected “mini budget”) --from Halloween to 17 November--. Bank of England who are meeting on 3 November have been left without guidance as to the government's tax and spending policies.

• Tuesday, October 18th 2022 - 09:55 UTC

  Stability, confidence the priorities, and hard times ahead said Chancellor Hunt in a momentous U-turn speech

  

  Financial markets reacted positively Monday after the United Kingdom's new Chancellor of the Exchequer scrapped Prime Minister Liz Truss' tax-cutting economic stimulus package. Jeremy Hunt, who was appointed to the role only on Friday, said the unfunded tax measures had been eliminated and underlined that stability, confidence and helping the most vulnerable, were now the government's goals and number one focus.

• Saturday, October 15th 2022 - 06:17 UTC

  PM Truss U-turn on tax cuts, names new Chancellor, to avoid her own sacking

  

  After only turbulent 38 days and a quick return from Washington, Britain's Chancellor of the Exchequer on Friday was fired and a former foreign minister Jeremy Hunt was appointed to replace him.

• Tuesday, June 7th 2022 - 07:49 UTC

  Boris Johnson problems are not over, and there is a list of hopefuls

  

  The Prime Minister's victory in Monday's confidence vote does not mean the end of Boris Johnson's problems. Tory MPs voted by 211 to 148 in support of the PM, but the scale of the revolt against his leadership leaves him wounded.

• Tuesday, July 23rd 2019 - 18:42 UTC

  Boris Johnson promises to deliver Brexit, unite the country and defeat Jeremy Corbyn

  

  Boris Johnson has been elected new Conservative leader in a ballot of party members and will become the next UK prime minister. He beat Jeremy Hunt comfortably, winning 92,153 votes to his rival's 46,656. The former London mayor takes over from Theresa May on Wednesday.

• Monday, July 22nd 2019 - 09:37 UTC

  PM May last emergency meeting on Monday to address seizure of UK flagged oil tanker

  

  Prime Minister Theresa May will hold a meeting of Britain's emergencies committee on Monday to discuss Iran's seizure of a UK-flagged oil tanker in the Gulf. In one of her final important acts as prime minister before resigning on Wednesday, May will chair a meeting of Britain's COBR emergencies committee at around 10.30am (0930 GMT), her Downing Street office said.

• Saturday, July 20th 2019 - 18:02 UTC

  Iran Guards seize British flagged tanker; foreign secretary Hunt warns of serious consequences

  

  Iran's Revolutionary Guards said on Friday they had seized a British-flagged tanker in the Strait of Hormuz for breaking “international maritime rules” as tensions mount in the highly sensitive waterway.