Category Archives: Jeremy Hunt

Will Jeremy Hunt foot the bill for NHS staffing? The signs aren’t promising | Denis Campbell

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Unions, regulators and NHS England all say staff shortages are affecting health of medics and patients

“There’s a gap today that no locum filled, so I am carrying both bleeps and doing the work of two people.” That recent tweet, by a children’s doctor, is one of many examples posted on social media by medics illustrating how NHS staff shortages affect them, patients, the smooth running of important services – and, sometimes, the safety of those who are receiving care.

It is a concern shared by every organisation that represents frontline staff, by regulators such as the Care Quality Commission (CQC), and by NHS England, the body that oversees the service. Just as one example, in January the CQC reported that an inspection it had undertaken of Colchester hospital in Essex found patients were missing out on meals because there were too few staff on duty to feed them. Some patients were wearing dirty dressings, and others did not have their call bells answered promptly, for the same reason.

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Britain’s biggest banks under pressure to pass on higher interest rates to savers

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Unite says their analysis shows banks have made £7bn in extra profit from the rise in borrowing costs

Britain’s biggest banks are under pressure to pass on higher interest rates to savers after figures showing they have made an extra £7bn by refusing to do so, and as they stand to benefit from a tax cut announced by Jeremy Hunt.

On the day the Bank of England is expected to announce a further rise in interest rates, the Unite trade union said banks had already made billions of pounds in extra profit from the dramatic rise in borrowing costs.

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Doubts grow over number of NHS doctors helped by pension giveaway

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New figures reveal only 100 hospital doctors left NHS in 2022 due to voluntary early retirement, despite claims by Jeremy Hunt

The number of hospital doctors that could be helped by Jeremy Hunt’s pensions giveaway has been cast into doubt, after new figures revealed that only 100 of them left the NHS last year due to voluntary early retirement.

Criticism has mounted about the measure announced in the budget, which would scrap the up to 55% tax levied on lifetime pension pots worth just over £1m and raise the annual allowance threshold from £40,000 to £60,000.

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Jeremy Hunt backed Labour plan last year for tax break on NHS pensions

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Labour says chancellor had time to draw up more targeted changes rather than including wealthiest savers

Jeremy Hunt previously backed Labour’s idea of giving a pensions tax break only to NHS staff, despite ruling out such a move in this week’s budget because it would not come into force quickly enough.

The chancellor was chair of the health select committee last year when members wrote a report calling for the NHS pension scheme to be overhauled to encourage senior doctors to stay in their jobs.

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NHS workers expected to be offered one-off payments worth up to 6% as part of revised pay offer – UK politics live

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Health secretary expected to announce a formal pay offer to key unions later today

Sinn Féin’s US fundraising arm has caused a row by calling for a referendum on Irish unity in adverts in the New York Times, Washington Post and other US publications.

The half-page ads were paid for by Friends of Sinn Féin and ran on Wednesday urging support for unity referendums in Northern Ireland and the Republic of Ireland. “It is time to agree on a date,” it said. “Let the people have their say.”

They’re ads from Irish American organisations whose view on reunification is well known and held for a very long time and they take out ads every year. So, the focus now needs to be on getting back to work [at Stormont].

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Budget: UK on track for ‘disastrous decade’ of income stagnation

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Thinktank says taxes as share of GDP are on course to reach 70-year high but public services are being cut

The UK remains on track for a “disastrous decade” of stagnant incomes and high taxes, despite cuts to public services, the Resolution Foundation has said in its analysis of the budget on Wednesday.

The thinktank, whose stated aim is to improve the standard of living for low- and middle-income families, said typical household disposable incomes were on course to be lower by the end of the forecast period in 2027-28 than they were before pandemic, when inflation was taken into account.

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Jeremy Hunt defends pensions giveaway as Labour vows to scrap it

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Shadow chancellor says decision to axe lifetime allowance is ‘wrong priority at the wrong time for the wrong people’

The Labour party has vowed to reverse the chancellor’s £1bn budget pensions tax “gilded giveaway” for the wealthiest 1% if it wins the next general election, as Jeremy Hunt defended his decision to scrap the lifetime pensions allowance.

The shadow chancellor, Rachel Reeves, said Labour would seek to force a Commons vote next week on the decision, which critics argue will allow the wealthiest people to put a limitless amount into their pension pots, which can then be passed on to their heirs without paying inheritance tax.

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Jeremy Hunt is helping rich instead of helping people into work, says thinktank

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IFS says budget pensions giveaway could open up loophole for avoidance of inheritance tax

Jeremy Hunt’s huge pensions giveaway for the wealthiest 1% may have no impact on increasing the number of people in work, while opening a loophole for avoidance of inheritance tax, a leading economic thinktank has warned.

The Institute for Fiscal Studies said the surprise measure in the chancellor’s budget “probably won’t play a big part, if any” in increasing the number of people in work.

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Jeremy Hunt aims to spur business investment with ‘full expensing’ tax break

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Measure over next three years will allow firms to write off costs of IT equipment and machinery against tax on profits

Jeremy Hunt has launched a flurry of tax breaks to encourage investment by businesses after the double blow of microchip designer Arm opting for a New York stock market listing and AstraZeneca deciding to build a new factory in Dublin.

Businesses that invest in IT equipment and machinery will be able to claim back the cost by writing it off against tax on their profits, the chancellor announced in his budget on Wednesday.

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Jeremy Hunt makes U-turn on planned cut to energy support

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Campaigners unite with suppliers to call on ministers to give long-term help to struggling households

Ministers are under pressure to announce plans for a social tariff to help Britons struggling with their energy bills over the long term, after the government performed a U-turn on a planned cut to support for households.

On the morning of the chancellor Jeremy Hunt’s budget speech, the government confirmed the energy price guarantee would continue at its current rate, which limits a typical annual household bill to £2,500. It is being extended from April, when it was due to expire, for a further three months until the end of June.

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Budget pension shake-up is £4bn tax giveaway for wealthy, critics say

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Jeremy Hunt criticised for scrapping lifetime allowance and increasing annual contribution cap

The chancellor has been accused of unveiling a £4bn tax giveaway that will benefit the wealthiest people in the UK by dramatically increasing how much they can stash away in pensions while enjoying the full tax benefits.

Jeremy Hunt announced a major shake-up of the rules governing how much people can pay into their retirement pots, which will have no impact on the vast majority of the population but could lead to huge gains for the top few per cent of wealthy, older pension savers. Labour claimed it was a handout for “the richest 1%” and that someone with a £2m pension pot would pay up to £275,000 less in tax as a result.

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Hunt’s disability plans put 1m at risk of losing £350 a month, IFS says

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Charities and disability campaigners say chancellor’s proposals set out in his budget more ‘stick than carrot’

Up to 1 million people currently claiming incapacity benefits could lose hundreds of pounds a month as a result of plans outlined in the budget to push ahead with the “biggest reforms to the welfare system in a decade,” experts have said.

The warning came as ministers unveiled a range of measures to try to drive more people back into the workplace, including scrapping controversial “fit for work” tests for disabled claimants and stepping up the threat of benefit sanctions against part-time workers.

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UK racing to secure deal to protect firms from Silicon Valley Bank collapse

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Rishi Sunak and Jeremy Hunt explore options to help tech and life sciences sectors

The UK government is scrambling to secure an emergency deal to protect Britain’s tech and life sciences sectors from major losses after the collapse of Silicon Valley Bank (SVB), as financial markets braced for further volatility after the biggest bank failure since 2008.

The prime minister, Rishi Sunak, and the chancellor, Jeremy Hunt, signalled on Sunday that they were exploring a range of options, including an emergency fund that could provide a cash lifeline to support startups, as bidders put their hat in the ring for a potential takeover of the UK subsidiary.

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Pressure on BBC chair mounts over Gary Lineker suspension

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Executives race to resolve Match of the Day presenter standoff as senior Tories stop short of backing Richard Sharp on impartiality

BBC executives are scrambling to repair relations with Gary Lineker and stave off a staff mutiny at the corporation, with hopes that the presenter could be back in post by next weekend.

The row left the BBC’s chair, Richard Sharp, fighting for his future on Sunday night as Jeremy Hunt stopped short of backing him to guard the corporation’s impartiality in the wake of the row.

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Hunt likely to save spending spree for polling day, not budget speech

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The chancellor has room for giveaways in this week’s budget, but business and consumer groups fear he will hold them back for the election

Jeremy Hunt is under pressure to be generous when he delivers his first budget speech since he became chancellor last October.

The public finances have improved dramatically from the chaotic days that followed Liz Truss’s mini-budget in September, which rocked international money markets and sent interest rates on government debt soaring. The cost of financing Britain’s debt has fallen in recent months and the cost of gas on wholesale markets has tumbled.

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Labour challenges Hunt to adopt NHS training policy he wanted to ‘nick’

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Rachel Reeves tasks chancellor with finding money to double England’s doctor and nurse training places

Rachel Reeves has challenged Jeremy Hunt to find the money for Labour’s plan to double training places for doctors and nurses – pointing out he said he wanted to “nick” the opposition’s policy just two weeks before becoming chancellor.

The shadow chancellor said NHS shortages were causing 1.5 million people in need of medical treatment to say their work was suffering, with new analysis showing it was costing the economy about £700m a year.

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Will Jeremy Hunt’s budget cut UK debt or help the public sector?

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Surprise surplus lands the chancellor with a dilemma – but he is unlikely to listen to calls to change course

Inflation is the chancellor’s friend if he only considers his income.

The official figures for the public finances show total tax revenues rose by 13.2% in January from the same month a year ago.

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Tories urge Jeremy Hunt to reverse army cuts in forthcoming budget

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Planned 4% reduction in troop numbers should be abandoned in light of Ukraine war, say MPs and officials

Senior Tories are calling on Jeremy Hunt to abandon further cuts to the army by raising defence funding at next month’s budget, amid growing unease at the state of Britain’s military capabilities.

The chancellor has been urged by MPs to ensure the number of troops is held at the current level of about 76,000, instead of reducing it to 73,000 by 2025.

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Hunt says UK can’t afford ‘major’ new scheme to help people with energy bills from April – politics live

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Chancellor’s comments follow call from consumer champion Martin Lewis to cancel the rise in the energy price cap

This morning the Daily Mail splashed on a story about AstraZeneca building a new factory that had been planned for the north-west of England in Ireland instead. Sir Pascal Soriot, the company’s chief executive, suggested the government’s plan to increase corporation tax was a key factor (although, as my colleague Nils Pratley reports in his analysis, other factors are relevant too). The Mail is one of the Tory papers pushing for tax cuts and it reports the story as evidence that supports its case.

Asked about the AstraZeneca decision, Jeremy Hunt, the chancellor, said today he was “disappointed” but that he would not implement tax cuts funded by borrowing. He told reporters:

We’re disappointed that we lost out this time and we agree with the fundamental case they’re making which is that we need our business taxation to be more competitive and we want to bring business taxes down.

But the only tax cuts we won’t consider are ones that are funded by borrowing because they’re not a real tax cut. They’re just passing on the bill to future generations.

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Rishi Sunak reshuffle: ‘red wall’ MP Lee Anderson named deputy Tory chair – live updates

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Controversial MP appointed as Greg Hands’ deputy; Michelle Donelan becomes minister for science, innovation and technology

This is from TalkTV’s Kate McCann.

“Next hour or so …” We’ll see. Reshuffles often take longer than expected, because all it takes is one minister to say no, or ask for time to think, and then the whole process gets clogged up. There is already some evidence that this one is not going to be quite as quick as originally expected. (See 8.30am.)

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