Category Archives: Jeremy Hunt

Jeremy Hunt ‘not even trying’ to settle NHS pay dispute, says Unison – UK politics live

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Unison general secretary says chancellor ‘completely ignoring vital public services’ after he gives speech on plans

Hunt says Brexit is an opportunity to work with regulators to create an economic environment which is “more innovation-friendly, and more growth-focused”.

He says he wants to create an “enterprise culture built on low taxes, reward for risk, access to capital and smarter regulation”.

Nor will we fix our productivity puzzle unless everyone who can participate does. So to those who retired early after the pandemic, or haven’t found the right role after furlough, I say: Britain needs you.

High taxes directly affect the incentives which determine decisions by entrepreneurs, investors or larger companies, about whether to pursue their ambitions in Britain

Sound money must come first but our ambition must be nothing less than to have the most competitive tax regime of any major country.

In case anyone is in any doubt about who will actually deliver that restraint to make a low tax economy possible, I gently point out that in the three weeks since Labour promised no big government chequebook they have made £45bn of unfunded spending commitments.

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Jeremy Hunt overdoes the Es: why his economic plan is a letdown

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Speech on ‘enterprise, education, employment and everywhere’ contained only vague, empty promises

Brexit will shake Britons out of their comfortable torpor, turn them into risktakers and put the UK at the forefront of the digital revolution – that was Jeremy Hunt’s message in his much-trailed speech on growing the UK economy.

The chancellor came to Bloomberg’s HQ in the City of London on Friday seeking to raise the country’s spirits, hail the split with Brussels and dispel the “declinism” he says saps Britain’s energy.

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Jeremy Hunt to promote low-tax and private sector ‘re-tooling’ of industry

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Chancellor also expected to tell markets that government spending will remain within strict limits

Jeremy Hunt will defend the government’s vision for Britain’s economic future in a speech to City executives in London on Friday when he will lay out plans for investment and growth.

The chancellor will say he wants to promote policies that allow the private sector to re-tool the UK’s industrial base and re-skill the workforce to generate strong growth over the next decade.

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Labour asks why Treasury unit let sanctioned oligarch bring UK libel case

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Key Putin ally, who founded Wagner mercenaries, attempted to ‘subvert sanctions and silence journalist’

The Treasury must explain how the Russian founder of a mercenary army was given permission to circumvent sanctions, to attempt to silence a British journalist, Labour has said.

In a letter to Jeremy Hunt, seen by the Guardian, the shadow chief secretary to the Treasury, Pat McFadden, said that No 11 had to say why it had granted the permission and whether similar allowances had been made for other sanctioned oligarchs to use libel lawsuits.

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How will drop in inflation affect plans to raise UK interest rates?

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Bank of England must proceed with caution as households are still cutting back and business confidence is weak

There is hope for households across Britain that inflation, finally, has peaked. After hitting a 41-year high of more than 11% in October as energy bills soared, the fall in the annual inflation rate in December for a second consecutive month will come as a relief.

However, prices remain high and are still rising fast. Lower inflation rates do not mean prices are falling for consumers; it is just that they are not rising quite as fast as a month ago. The cost of living crisis may be fading but it is very far from over.

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Energy bills: calls for ‘social tariff’ when UK government support ends

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Charities and non-profit bodies urge Jeremy Hunt to introduce discount tariff from April 2024

Jeremy Hunt is facing calls for a “social energy tariff” providing cheaper gas and electricity for low income households to be introduced when government support ends next year.

In an open letter to the chancellor, 95 charities and non-profit organisations have urged the government to move quickly to legislate for a change in energy bills for “those in greatest need to ensure they are able to live in their homes comfortably”.

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Steve Barclay privately concedes he will have to increase pay offer to NHS staff

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The U-turn may help to end wave of strikes, though funding it could require cuts to key services

Steve Barclay has privately conceded he will have to increase his pay offer to NHS staff, in a U-turn that may help to end the growing wave of strikes.

However, the Treasury has made clear he will have to find any new cash from within the existing health budget, raising the prospect of cuts to key services.

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Energy bill support for UK businesses to be cut by Jeremy Hunt

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New scheme for companies, charities and public sector organisations to offer discount on wholesale prices

The chancellor, Jeremy Hunt, is poised to announce a cut to the financial support offered to businesses to help with their energy bills.

A new scheme to provide support for businesses, charities and public sector organisations at a less generous level than the current scheme is expected to be presented in the House of Commons on Monday.

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Strikes, elections and Dominic Raab: Rishi Sunak’s headaches to come in 2023

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PM has reinstated ‘boring government’ but smooth relations with backbenchers are unlikely to last

At the end of one of the most tumultuous years of politics in decades, Rishi Sunak is confident he has successfully managed to calm Tory MPs and – in the words of one senior aide – “bring back boring government”.

He has sought to kick some controversial pieces of legislation into the long grass, performed quick U-turns and managed to satiate a parliamentary party with a seemingly unquenchable thirst for regicide.

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Labour reaffirms pledge to fight structural racism amid disparity figures

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Exclusive: ONS analysis shows black households five times more likely to struggle to pay energy bills

Labour has reaffirmed its commitment to tackle structural racism after new analysis showed black households are five times more likely to struggle making energy bills repayments.

Black and minority ethnic people were already 2.5 times more likely to be in relative poverty, and 2.2 times more likely to live in deep poverty (defined as having an income more than 50% below the relative poverty line), than their white counterparts regardless of the energy crisis, figures from the Office for National Statistics show.

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Ministers plan to scrap NHS England targets to ‘boost efficiency’

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Labour says plan to ditch national targets equates to ‘scrapping standards altogether’ , after review by Patricia Hewitt

The government is preparing to ditch NHS national targets in an attempt to “boost efficiency”, as part of recommendations from a review led by a former Labour health secretary.

Patricia Hewitt led the government-commissioned review into the NHS in England, looking at how the new integrated care systems (ICSs) could operate efficiently. The chancellor, Jeremy Hunt, announced the assessment during the autumn budget.

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RCN accuse government of ‘belligerence’ as talks to avert strike action fail; Wales strikes to go ahead – as it happened

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Royal College of Nursing says Steve Barclay refused to discuss pay at meeting on Monday; Welsh nurses to strike after last-minute talks fail. This blog is now closed

Pat Cullen, the Royal College of Nursing’s general secretary, told ITV this morning that there was no point talking to Steve Barclay, the health secretary, if he was not prepared to discuss pay. She said

What I’m saying … to the health secretary this morning, is if you don’t want to speak to me directly about nurses’ pay, we have engaged with the conciliation service Acas, they can do that through Acas, but our door is absolutely wide open and it appears at the minute that theirs is totally shut …

Fundamentally, I need to get to a table and talk to them about pay. This isn’t just me, it’s the 320,000 nurses that voted for strike action … They voted through an independent ballot that we carried out and surely to goodness you couldn’t look at one of those people this morning in the eye and say: ‘You’re not worth an extra brown penny’. In my mind they absolutely are.

I think it’s a very challenging international picture. About a third of the world’s economies are predicted to be in recession, either this year or next.

We’re no different in this country and truthfully, it is likely to get worse before it gets better, which makes it even more difficult when we have big public sector strikes going on at the moment.

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Jeremy Hunt to outline plans for shake-up of City regulation

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Chancellor expected to target senior managers’ regime and ringfencing rules in 30-point package

Jeremy Hunt is due to unveil a 30-point package of City policy changes on Friday that will involve rowing back on regulations in order to boost competition and growth.

The chancellor’s announcement, referred to as the “Edinburgh reforms”, will outline how the government intends to “review, repeal and replace” a host of rules that were introduced to protect savers and the taxpayer after the 2008 financial crisis, but which ministers now believe risk hindering the success of London’s banks and insurers compared with their overseas peers.

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G7 countries and Australia to cap price of seaborne Russian oil

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Critics including Ukraine say cap of $60 per barrel is still above market value and will not hurt Russia’s war coffers

G7 countries and Australia have agreed to cap the price of Russian seaborne oil, with the aim of reducing Moscow’s income and limiting its ability to finance its war in Ukraine.

But critics, including Ukraine, say the cap of $60 a barrel is still higher than the current market price for Russian crude oil and is unlikely to affect the Kremlin’s war coffers.

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Most UK businesses think ‘Brexit freedoms’ not a priority, survey finds

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Study by British Chambers of Commerce reveals flagship bill to purge EU laws is low priority for firms

Most UK businesses have no interest in or understanding of the government’s flagship “Brexit freedoms” plan to scrap EU regulations, according to a survey of bosses.

The British Chambers of Commerce (BCC) said almost three-quarters of company directors were either unaware of the government plans or did not know the details. Across all business areas, about half in the survey of almost 1,000 firms said deregulation was either a low priority or not a priority at all.

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Senior MPs grill Jeremy Hunt on autumn statement and UK economy – live

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The chancellor is facing questions at the Commons Treasury committee

Reed says the Scotland Act gives the Scottish parliament limited powers. It cannot legislate on reserved matters. Those include fundamental matters, including the union of the UK.

If legislation related to the union, or the UK parliament, the Scottish parliament would have no power to enact it.

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‘Exhausted’ Tories pin hopes on spring revival after bleak autumn statement

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Some MPs would like Jeremy Hunt to revise tax rises, fearing impact on ‘squeezed middle’ and backlash from red wall areas

Tory MPs are desperately hoping that a surprise spring economic revival will allow Jeremy Hunt to alter his tax-raising plans, amid warnings that the chancellor’s “stealth tax” autumn statement will extinguish the party’s election hopes.

While concerns have already been raised on the right of the party over the extent of the £25bn in tax rises announced by the chancellor last week, figures from across the party said that “emotional and mental exhaustion” had blunted a greater immediate backlash.

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UK warned tax won’t return to pre-Covid levels for decades after ‘series of economic own goals’ – UK politics live

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Chancellor defends tax rises as Institute for Fiscal Studies says UK now entering a ‘new era’ of higher taxation

Chancellor Jeremy Hunt has conceded that Boris Johnson’s hard Brexit deal has caused damaging trade barriers with the European Union, as he said immigration will be “very important” for the economy.

Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market.

His comments came after the Office for Budget Responsibility (OBR) said Brexit caused a “significant adverse impact” to trade volumes and business relationships between UK and EU firms.

Asked if rejoining the single market would boost growth, the Chancellor told BBC Radio 4’s Today programme:

I think having unfettered trade with our neighbours and countries all over the world is very beneficial to growth.

I have great confidence that over the years ahead we will find outside the single market we are able to remove the vast majority of the trade barriers that exist between us and the EU. It will take time.

I don’t think it’s the right way to boost growth because it would be against what people were voting for when they supported Brexit which was to have control of our borders and membership of the single market requires free movement of people.

So I think we can find other ways that will more than compensate for those advantages.

There needs to be a long-term plan if we’re going to bring down migration in a way that doesn’t harm the economy.

We are recognising that we will need migration for the years ahead - that will be very important for the economy, yes.

They don’t look obviously deliverable. If you take the spending cuts that are in place and subtract out the protected departments like health and defence, you end up with really big falls in those unprotected departments.

Hard to see how given the legacy of austerity, given public sector wages are already lagging behind and given this is effectively tying the hands of governments, it’s really hard to see how those will be delivered.

What we saw yesterday was the biggest deterioration in the overall forecasts since the OBR started producing these forecasts.

What is doing the damage here is higher interest rates.

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How the autumn statement brought back the ‘squeezed middle’

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IFS and Resolution Foundation say Jeremy Hunt’s policies will shock middle England, with higher taxes here to stay


Traditionally elections in Britain are decided by swing voters in a relatively small number of seats. Parties go to considerable lengths to tailor their policies to the perceived demands of those getting by on average incomes. Pollsters have even coined names for the archetypal electors that need to be wooed: Basildon man and Worcester woman.

So it will be of some concern to government strategists that the post-autumn statement analysis by thinktanks focused heavily on how the measures announced by Jeremy Hunt had an effect on those not particularly poor but not especially rich either. Both the Resolution Foundation and the Institute for Fiscal Studies highlighted the return of the “squeezed middle”.

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Autumn statement 2022 live: OBR says living standards to fall 7% as Hunt confirms millions to pay more taxes

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Fiscal watchdog’s figures show eight years of growth wiped out; chancellor announces higher taxes and some cost of living support

In the Commons Rishi Sunak is making a statement about the G20 summit. These statements are normally routine, and just summarise what was said or decided at the meeting. They don’t normally include fresh announcements.

Sunak started by talking about the missile incident in Poland. He said Russia attacked Ukraine with missiles on the day that he “confronted the Russian foreign minister across the G20 summit table”. He said the blame for the missile landing in Poland lay with Russia. Ukraine could not be blamed for defending itself, he said.

During the bombardment of Ukraine on Tuesday an explosion took place in eastern Poland. The investigation into this incident is ongoing and it has our full support.

As we’ve heard the Polish and American presidents say, it is possible the explosion was caused by Ukrainian munition which was deployed in self-defence.

In just a few moments the chancellor will build on these international foundations when he sets out the autumn statement, putting our economy back on to a positive trajectory and restoring our fiscal sustainability.

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