Tag: Jeremy Hunt

• Thursday, May 16th 2024 - 21:46 UTC

  The Times torpedo against preferred bidder for Falklands FIPASS

  

  On Wednesday, Harland & Wolff Group Holdings PLC, the preferred bidder status for the Falkland Islands Port Replacement Project, moved to reassure investors as it responded to what it considers to be a “misleading and inaccurate article published in The Times”, as reported by Alliance News.

• Thursday, November 23rd 2023 - 14:34 UTC

  Tories preparing for elections, “cut taxes to help businesses and boost economic growth”

  

  Election blues in Britain, the general election must be held before the end of January 2025, but the prime minister can call it earlier. And in effect, the ruling Conservatives claimed this week they had delivered the biggest tax cuts in decades in a move to boost the UK's stagnant economy and lift incomes.

• Monday, October 2nd 2023 - 09:07 UTC

  British national living wage is set to increase to £11 an hour from next April, Chancellor Hunt

  

  The British national living wage is set to increase to at least £11 an hour from next April, Chancellor of the Exchequer Jeremy Hunt is expected to confirm this Monday in a speech to the Conservative Party conference. The move will benefit two million of the lowest-paid workers, according to an advance of the speech shown to BBC.

• Friday, August 4th 2023 - 08:17 UTC

  Bank of England rate up to 5,25%, highest in fifteen years; no prospects of abating

  

  The Bank of England raised on Thursday its main interest rate to 5.25%, the highest in 15 years, as the country strives to control persistently high inflation. The quarter percentage point hike was the bank's 14th in a row.

• Friday, June 23rd 2023 - 10:40 UTC

  Upheaval in UK mortgage market: banks and building societies to meet Chancellor Hunt

  

  Following on Thursday interest rate hike by the Bank of England, BBC is reporting that banks and building societies are to meet Chancellor Jeremy Hunt to discuss the upheaval in the mortgage market.

• Thursday, March 16th 2023 - 07:35 UTC

  Chancellor Hunt, “British ale may be warm, but the duty on a pint is frozen”

  

  The price of a packet of cigarettes rose hours after the UK Budget was delivered in Parliament, while drinkers will see tax on alcohol go up by 10.1% in August, in line with inflation. According to London media, the only alcohol not to see a rise was draught beer where duty will be frozen. Chancellor Jeremy Hunt said this was to help “the great British pub”.

• Thursday, March 16th 2023 - 06:40 UTC

  UK Corporation Tax rate will increase from 19% to 25%; investments deductable

  

  Corporation Tax, paid on UK company profits, will rise next month, chancellor Jeremy Hunt has confirmed to Parliament. It will go up from 19% to 25% for companies with over £250,000 in profits, Mr. Hunt told the Commons.

• Tuesday, January 31st 2023 - 08:37 UTC

  The UK economy forecasted to contract 0,6% this year, IMF report

  

  The UK economy this year is forecasted to perform worse than similar advanced economies, and is estimated to contract by 0,6%, according to the latest report from the IMF. The new forecast reflects UK's high energy prices and strong inflation.

• 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.”