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Autumn Statement and Spending Review: News and comment

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Chancellor is in the red! Rachel Reeves unveils a new hairstyle ahead of delivering Labour's Budget in just over three weeks

03/10/24 01:59

Showing her true Labour colours, Rachel Reeves stepped out today with a new red hairstyle. The Chancellor displayed her new ginger locks after meeting trade union bosses in Downing Street .Ms Reeves, 45, is well known for her 'power bob'- a sharp, professional chin-length haircut....read

'I just hope people can find it in their hearts': Rishi Sunak begs voters for forgiveness over his D-Day blunder
11/06/24 01:04
Rishi Sunak last night begged the nation to forgive him for leaving a D-Day event early.
Rishi Sunak says Tory manifesto tomorrow WILL include tax cuts - with hints of another 2p off NICs and stamp duty axe for first-time - as he begs Brits not to turn to Nigel Farage after D-Day blunder
10/06/24 19:03
Rishi Sunak declared he will 'keep cutting people's taxes' if he stays in power, with rumours of bold moves on national insurance and stamp duty.
Keir Starmer vows to tax private school fees 'straight away' if Labour wins the election despite warnings scrapping VAT relief could spark an exodus of pupils to the state sector
25/05/24 00:12
The Labour leader doubled down on his plans to add VAT to independent school fees despite fears of an exodus of pupils into the state sector.
Tories are planning to cut stamp duty in the autumn statement: Chancellor Jeremy Hunt is weighing up increasing the threshold at which homebuyers pay from £250,000 to £300,000
20/04/24 00:36
Mr Hunt has previously hinted there could be a further 'fiscal event' before voters go to the polls in an effort to underline the Conservatives ' tax-cutting credentials.
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If thousands are off work with mental health issues, why is it that so many people are ditching therapy?
23/03/24 21:32
.More than a million people are referred for the treatment every year for common mental issues such as anxiety and depression, but many are walking away because they think it isn't working.
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Jeremy Hunt accuses Amol Rajan of Budget 'pessimism' that is 'unworthy of the BBC' in furious on-air bust up - after being branded a 'fiscal drag queen'
07/03/24 10:53
They squared off as Mr Rajan, who is also the presenter of University Challenge, pointed to evidence that the tax burden on Brits is still rising.
Is THIS why you can't get a GP appointment? Soaring immigration and inflation means government spending per person has fallen by £500 since 2021
07/03/24 10:29
The grim picture on departmental spending was revealed in the OBR watchdog's report accompanying Jeremy Hunt 's pre-election package.
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Jeremy Hunt warns restive Tories he 'can't afford' to go further on taxes yet amid warnings Budget package was 'not enough' to turn the tide at election - with fears crucial pensioner voters won't benefit and 'face £960 hit'
07/03/24 08:11
Jeremy Hunt slashed 2p off the headline rate for the second time in four months - a combined tax cut worth an average £900 a year to those in work.
Jeremy Hunt hints Tories could SCRAP national insurance altogether after latest 2p cut as he uses pre-election Budget to 'pave way' for more tax cuts - with Labour floundering on how it could trim burden while spending big
06/03/24 17:16
Chancellor Jeremy Hunt condemned the post-war levy as 'double-taxation of work' as he pushed through another 2p cut to the rate in the Budget.
The freeze on booze duty is welcome - but we're still paying too much for a pint: Pubgoers react to Jeremy Hunt's decision to cancel 3% rise in alcohol duty in August as they demand more is done to keep prices down
06/03/24 16:59
Chancellor of the Exchequer Jeremy Hunt announced this afternoon that the tax on beer, wine and spirits would not rise with inflation.
Budget 2024: Victory for drinkers as Chancellor freezes alcohol duty with punters saving 2p on a pint of beer, 1p on pint of cider and 10p on a bottle of wine
06/03/24 12:42
The Chancellor had already frozen tax on a pint until the summer as he moved to help hard-pressed pubs and drinkers in last year's Autumn Statement.
'We're on a path to low taxes': Jeremy Hunt hands 500,000 middle-income families more child benefit, slashes NICs by 2p - giving 27m workers £450 - and freezes fuel and alcohol duty in pre-election Budget... but pain for vapers, smokers and landlords
06/03/24 12:33
Laying out the Tory pitch to voters, the Chancellor insisted that he believes lower taxes are the way to boost growth.
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Jeremy Hunt has a challenge ahead of him, but here are four ways he could put a smile on our faces, writes ALEX BRUMMER
05/03/24 22:22
ALEX BRUMMER: This Spring Budget has been the most leaked and briefed of all time. The boldest measure - likely to be a further cut in National Insurance - looks nailed on.
Why it might be time to put money on a May Election: GLEN OWEN and ANNA MIKHAILOVA
02/03/24 16:57
Rishi Sunak's advisers were near-unanimous: leave the Election until the last moment to give the economy time to pick up. But the fraught build-up to Jeremy Hunt's Budget has cast doubt on this.
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Jeremy Hunt shelves plans to cut inheritance tax again ahead of his Spring Budget due to tight public finances
21/02/24 22:12
In a blow to Tory MPs campaigning on the issue, the Chancellor has concluded tight public finances leave him unable to make meaningful changes to the tax.
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Pre-Budget boost for Jeremy Hunt as government racks up record £16bn surplus in January thanks to huge tax haul and falling interest costs on debt… after BoE chief said UK already out of recession
21/02/24 07:52
The public sector was £16.7billion in the black in January, more than double a year ago and the largest surplus since comparable records began in 1993.
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Andrew Bailey dismisses warnings the BoE is 'crushing' the economy with high interest rates as he says UK recession is set to be smallest since 1970s
20/02/24 12:55
Andrew Bailey batted away concerns raised by Threadneedle Street's former chief economist Andy Haldane about delays in bringing rates down.
Rishi Sunak gathers Tory MPs at luxury hotel to insist they can emulate England cricket team and pull off miracle election victory… as poll shows Labour 17 points ahead
02/02/24 09:17
Rishi Sunak cited the surprise victory in the first test against India as he treated around 100 of his troops to dinner at a luxury hotel in Leicester Square.
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Alarm bells for Rishi Sunak as poll shows Reform UK hitting new high of 14% support in the Red Wall - and a FIFTH of 2019 Tory voters are backing the Nigel Farage-founded party
01/02/24 17:17
Research by Redfield & Wilton Strategies suggested the Nigel Farage-founded party is picking up significant support in the crucial election battleground.
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Election blow for Tories as Jeremy Hunt scrambles to cool hopes of big tax cuts at Budget... while poll shows Labour 19 points ahead
01/02/24 09:34
Chancellor Jeremy Hunt insisted he is determined to 'lighten' the burden ahead of the crucial package in March.
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Jeremy Hunt 'warns Cabinet tax cuts will be smaller than hoped' in March Budget amid 'structural weakness' in economy
31/01/24 10:18
'We are not likely to have as much room for tax cuts as we had in the autumn,' the Chancellor told yesterday's Cabinet meeting.
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Millions of supermarket sandwiches to go up in price as supplier warns its costs will soar when National Living Wage increases by £1 an hour in April
25/01/24 21:00
Greencore says the imminent £1 rise to the Government-mandated wage for those aged 21 and over to £11.44 is a 'material' additional cost that will 'seep' into its prices.
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Rishi Sunak admits 'practical issues' with plans to expand free childcare to nine month-olds but says the vow WILL be delivered by September - as he guarantees Jeremy Hunt will still be Chancellor at election ahead of Budget 'slashing income tax or NI'
22/01/24 08:14
Rishi Sunak conceded there are difficulties but played down mounting concerns that the planned expansion of free childcare faces delays.
OBR to forecast Chancellor Jeremy Hunt will have up to £10bn more headroom in Spring budget after Rishi Sunak hinted there will be 'more to come' on tax cuts later this year
21/01/24 22:51
Jeremy Hunt has pledged further tax cuts as it emerged that he is likely to have up to £10billion of headroom to fund them.
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Sunak vows there are 'more tax cuts to come' as he prepares to start drawing up Spring Budget with Chancellor Jeremy Hunt
19/01/24 22:58
Rishi Sunak said there is 'more to come' in terms of tax cuts as he prepares to start drawing up their Budget next week he wants to slash taxes 'when we can responsibly do so.'
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Jeremy Hunt hints personal tax cuts could be in his March budget as he looks to boost the economy
18/01/24 21:57
At the World Economic Forum in Davos, Switzerland, Jeremy Hunt said tax cuts would be the 'direction of travel' as he sought to boost the economy.
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Rishi Sunak admits welfare system 'is not working' as PM promises reforms and suggests trimming benefits budget will be used to help fund pre-election tax cuts and reward hardworking Brits
07/01/24 12:38
The Prime Minister pledged both welfare reforms and 'discipline' on public spending as he looks to reward hardworking Britons with lower taxes.
Rishi rewards hard working Brits: PM vows to slash taxes before general election in his mission to boost Britain - but hints tax cuts will be paid through 'difficult decisions' on welfare
07/01/24 02:05
Prime Minister Rishi Sunak said it was his 'priority' to 'keep cutting people's taxes' as he drew a dividing line with Labour, but warned further cuts were not possible without 'restraint'.
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Rishi Sunak could spend a chunk of general election campaign in SAMOA at Commonwealth summit if he sets the poll date for November
05/01/24 13:46
A November 14 election date would mean a potentially awkward clash with the Commonwealth Heads of Government summit - CHOGM.
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Rishi Sunak 'gambles on Spring interest rate and tax cuts to deliver Autumn election victory for Tories' as he hopes feelgood factor will come to his rescue
05/01/24 08:53
Rishi Sunak dramatically moved to kill speculation about a May election yesterday, saying his plan was to trigger a ballot in the 'second half of the year'.
Respected IFS think-tank warns Labour would not be able to cut taxes and splurge more money on public services... as charts show how Covid debt and spiralling NHS and pensions costs have trapped government
04/01/24 10:55
The respected IFS think-tank has poured cold water on signals from both main parties that they will ease the burden on Brits.
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The controversial 'tourist tax' could cost the UK economy £260 million over the festive holiday, analysis finds
28/12/23 01:39
The study by industry group UKinbound found the sum could be a conservative estimate as it does not include spending at hotels or other tourism-reliant businesses, such as taxi firms.
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JEFF PRESTRIDGE: Jeremy Hunt should take the nuclear option and abolish inheritance tax altogether
28/12/23 00:31
JEFF PRESTRIDGE: Only one in five adults believes that IHT is fair. It is therefore the right time for the Chancellor to acknowledge this by abolishing it, rather than tinkering at the edges.
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Jeremy Hunt draws up a plan to slash inheritance tax by HALF as he sets March 6 for the date of his vital pre-election budget
27/12/23 23:06
Slashing the death tax is among the leading options on the Chancellor's agenda as he puts together a March budget - which Rishi Sunak has said will signal a 'gear shift'.
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GRAHAM GRANT: As the SNP prepares to pick our pockets once again, is it time to let Westminster take back control of tax?
19/12/23 00:00
You can tell the day of the Scottish Budget is looming by the ratcheting-up of SNP propaganda aimed at ducking the blame for financial turmoil. The spin isn't the smooth-running engine it once was.
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One million households face council tax hikes of up to 15% after Bradford and Cheshire East became latest town halls to warn they are at risk of going bust
15/12/23 10:53
Labour-run Bradford City and Cheshire East councils have become the latest to give notice they risk filing Section 114 notices - effectively going bankrupt - without financial help.
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Jeremy Hunt could have £20 billion worth of extra headroom to cut taxes at next year's Budget, analysis suggests
11/12/23 22:24
Jeremy Hunt could have more than £20billion extra headroom for tax cuts at next year's Budget as borrowing costs fall and wage growth boosts Treasury coffers.
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SNP crisis talks as Humza Yousaf 'runs out of money' to fund vow to freeze council tax - with separatists blaming Jeremy Hunt's tax cuts
07/12/23 12:46
The Scottish First Minister is due to meet with his top team for a second time this week in a rare move.
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Another poll shows Labour lead slipping as Tories push for tax cuts and tougher curbs on immigration
06/12/23 08:35
Research by More in Common has detected a four-point dip in Keir Starmer's advantage in a week - although the gap is still a commanding 12 points.
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Town halls in cash crisis: One in five council bosses fear they will follow Nottingham and Birmingham councils next year and declare themselves bankrupt
06/12/23 00:35
Nearly one in five council bosses fear that the local authorities they run will declare themselves bankrupt next year, following Nottingham (HQ pictured) and Birmingham councils.
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The UK risks losing its leadership role if it does not give Ukraine £2.6 billion in military aid, Ben Wallace warns
05/12/23 21:43
In his first backbench intervention since resigning as defence secretary in August, Ben Wallace said 'now is the time to double down on our support'.
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As Labour-run Nottingham City Council becomes the SEVENTH to declare bankruptcy since 2018, experts warn 20 or 30 more could follow in the next few years... so could YOURS be next?
04/12/23 07:13
Nottingham City Council has become the seventh local authority to declare bankruptcy since 2018, but insiders tell MailOnline up to 30 more councils could follow suit over the next few years.
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Pension rise at risk as Rishi Sunak and Keir Starmer both refuse to commit to the triple lock
04/12/23 00:27
both the Prime Minister and the Labour leader declined to guarantee the triple lock's future when asked whether it would be included in their manifestos for the next election, due next year.
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Now Brighton council warns it is in 'financial peril' and will have to cut millions in spending next year - days after Labour-run Nottingham City Council declares itself 'bankrupt'
01/12/23 17:36
Brighton and Hove City Council leader Bella Sankey said the authority has a £31 million budget gap to meet for next year after the government's autumn statement fell 'disastrously short'.
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Business minister raises the alarm on the tourist tax, saying the government is 'very concerned' about its impact on companies
01/12/23 01:34
Kevin Hollinrake said Cabinet colleagues would 'make our views known very strongly' to the Treasury as it reviews whether to reinstate tax-free shopping for overseas visitors.
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Bank of England governor says he is just being a 'realist' after backlash at his 'ultra-pessimistic' view about the UK's economic prospects
30/11/23 08:35
Andrew Bailey was heavily criticised for comments earlier this week where he warned the economic outlook was among the worst he had ever seen.
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Anger over OECD call to axe state pension triple lock to pay for Net Zero
30/11/23 01:06
The OECD's proposal was immediately slapped down by Rishi Sunak's spokesman, who said the Government is 'very clearly committed' to the triple lock
EDDIE BARNES: They will try to blame Westminster. But whingeing SNP are entirely to blame for Scottish Budget shambles
29/11/23 00:14
With a couple of weeks to go until the SNP unveils a brutal Budget for Scotland's public services, Finance Secretary Shona Robison has been out with her roller - by getting her excuses in early.
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Why IS the Bank of England so gloomy? Ministers dismiss governor's warning on dismal growth pointing out he was wrong about recession - as chart shows how Bank is completely out of step with other forecasters
28/11/23 11:31
Bank of England Governor Andrew Bailey used an interview yesterday to bemoan potential growth being 'lower than it has been in much of my working life'.
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Rishi Sunak's great reset stalls as new poll shows Labour extending its lead to 20 points despite tax-cutting Autumn Statement - and Reform UK hits a new high amid Tory infighting over immigration
27/11/23 16:59
Sir Keir Starmer's opposition has a 20-point lead, up from 19 a week ago, according to a survey at the weekend by Redfield & Wilton Strategy.
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Rishi Sunak talks up UK plc's 'positive momentum' and tax cuts as he pitches to business leaders at glitzy London investment summit... only for BoE chief to warn that the outlook is among the worst he's seen
27/11/23 11:04
Rishi Sunak underlined the scale of the perks included in the Autumn Statement as he kicked off a major conference at Hampton Court.
Chancellor Jeremy Hunt's plan to sell off NatWest shares 'could cost taxpayers £28bn'
27/11/23 10:20
The Chancellor recently revived Margaret Thatcher's 'tell Sid' campaign as he revealed plans to sell off state-owned shares in the bank to the public.
Rishi Sunak rejects claims that Britain faces a new wave of austerity after tax-cutting pre-election Autumn Statement - saying public spending will still be higher than before Covid
27/11/23 09:31
He used a TV interview to hit back at warnings from economists that his fiscal plans will result in painful and 'implausible' savings for already-squeezed departments and public services.
Rishi Sunak 'agreed to raise salary threshold for migrants to £40,000 in deal with Suella Braverman'
27/11/23 01:43
The Prime Minister is alleged to have agreed a four-point plan to deal tackle migration with Mrs Braverman, according to documents seen by the Telegraph.
A vote for Nigel Farage's lot would put Starmer in No 10, warns Rishi Sunak... but he admits he's 'too busy' to watch the former UKIP leader on I'm A Celeb
25/11/23 17:04
MAIL ON SUNDAY EXCLUSIVE: Speaking to the Mail on Sunday, PM Rishi Sunak said: 'A vote for everyone who is not a Conservate is a vote to put Keir Starmer into office.'
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DAILY MAIL COMMENT: Shift stealth tax into reverse, Chancellor
25/11/23 00:30
DAILY MAIL COMMENT: Despite the 2p cut to National Insurance, forecasts warn the tax millstone will still get heavier for several years.
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Britain will have sent nearly £24bn to the European Union in post-Brexit payments by next April, Treasury watchdog reveals
24/11/23 22:56
Former Tory leader Sir Iain Duncan Smith (pictured) said: 'After this year we should tell Brussels 'that's your lot, we're not paying a penny more'.
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ANDREW NEIL: The Tories AND Labour lie to us about taxes. And both ignore the vital reforms that are needed to get Britain's economy firing
24/11/23 22:21
ANDREW NEIL: The Conservative and Labour parties now blatantly lie to voters about taxes. 'The biggest tax cut in history,' blared the Tory propaganda machine...
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Tax-cut bounce for Rishi: Poll shows Tories surging by four points in the wake of Autumn Statement… but Labour is still 19 points ahead
24/11/23 08:36
YouGov research shows Conservative support bouncing by four points as voters digested the package laid out by Chancellor Jeremy Hunt.
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The 'tourist tax' is blamed for fuelling a huge reduction in foreign holidaymakers' spending in the UK compared to before the pandemic
24/11/23 00:48
Chancellor Jeremy Hunt chose not to restore VAT-free shopping for foreigners in Wednesday's Autumn Statement despite tourism bosses stating it would provide a boost for British firms.
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DAILY MAIL COMMENT: Migrant surge is a slap in the face for voters
24/11/23 00:40
DAILY MAIL COMMENT: In his Autumn Statement, Jeremy Hunt extolled the virtue of training home-grown workers to fill Britain's labour shortages.
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Get ready for austerity part two: Economists warn the UK should brace itself for public spending cuts on the scale of George Osborne's measures following Jeremy Hunt's Autumn Statement
23/11/23 23:05
IFS economists claimed Mr Hunt had 'pencilled in numbers that suggest he wants to try to wrestle the size of the state back down towards where it was in 2019' before the pandemic.
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How smoking was stubbed out by rising prices: Just one in 10 Britons now light up - down from almost half 50 years ago - with the cost of 20 cigarettes soaring five-fold to £15 in three decades
23/11/23 16:58
Figures from the Office for National Statistics show how just 11 per cent of the British population aged 16 and over smoked last year - compared to 45 per cent in 1974.
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'When do we say: enough is enough?' Ex-Home Secretary Suella Braverman demands major new clampdown on legal immigration to ease pressure on housing and the NHS as net arrival numbers are revised UP to new record of 745,000 in a year
23/11/23 16:22
The ONS drastically increased its figure for the year to December 2022 up from 606,000 to 745,000. The rise of 139,000 is almost equivalent to the population of Cambridge .
How Covid debt, rampant inflation and surging healthcare costs wreaked havoc on Britain's finances: Charts lay bare the tough choices for the Chancellor after years of chaos
23/11/23 15:50
The report by the Treasury's OBR watchdog accompanying the Autumn Statement laid bare quite how hemmed in the government has become.
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How much will YOUR energy bill go up? Use our calculator to find out how the 5% Ofgem price cap rise will affect your gas and electric costs in January
23/11/23 15:39
A new online calculator can show you how much your energy bill will go up - as Ofgem announced that the average household energy bill will rise by £94 a year to £1,931 from January.
Here comes the squeeze... IFS think-tank warns public services face 'pain' after Chancellor refused to push up budgets - with taxes still rising but all the extra revenue going on the NHS, pensions and servicing the UK's £2.6tn debt pile
23/11/23 13:07
The respected Institute for Fiscal Studies (IFS) highlighted the eye-watering squeeze in prospect in its verdict on the package.
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Are you really better off after National Insurance cuts? Use our calculator to find out how changes to tax, pensions and benefits in the Autumn Statement affects YOUR household budget
23/11/23 10:20
The Chancellor cut National Insurance and made changes to tax and pensions in moves that will affect millions - and you can use our calculator to find out if you will really be better off.
Jeremy Hunt admits he failed to get a birthday card or present for his wife Lucia - and tried to escape the dog house by saying she 'looks younger every year' in his Autumn Statement speech
23/11/23 09:37
Chancellor Jeremy Hunt sparked laughter in the Commons yesterday when he kicked off his crucial fiscal package with a tribute to Lucia.
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Tory panic over soaring immigration as net arrival numbers are revised UP to new record of 745,000 fuelled by non-EU arrivals from India, China, Pakistan, Ukraine and Nigeria
23/11/23 09:34
The ONS drastically increased its figure for the year to December up from 606,000 to 745,000, a rise of 139,000, almost the same as the population of Cambridge .
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Get ready for a Spring election? Tories are put on 'war footing' for a snap poll as Jeremy Hunt teases MORE tax cuts in March if the economy stays on track, saying national insurance was 'just a start'
23/11/23 07:48
Touring broadcast studios in the wake of his dramatic package, the Chancellor said he is ready to wield the axe again if it can be done 'responsibly'.
Energy bills to rise by £94 from January plunging more cash-strapped families into misery as typical yearly household bill hits £1,928
23/11/23 07:07
Ofgem's energy price cap will increase by 5% from the current £1,834 to £1,928 from January 1 for a typical dual fuel household in England, Wales and Scotland.
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DAILY MAIL COMMENT: At last! Tories pull the trigger on tax cuts
23/11/23 00:27
DAILY MAIL COMMENT: Jeremy Hunt has unleashed an Autumn Statement crammed with practical measures to help the strivers and businesses the Tories have traditionally championed
Householders living near electricity pylons will receive £10,000 off their bills, Jeremy Hunt says
23/11/23 00:26
The plan is part of a package of reforms aimed at halving the time it takes to deliver new electricity networks from 14 to seven years.
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Energy bills set to rose AGAIN from New Year's Day in more cost-of-living misery for Brits: Price cap expected to jump 5% to £1,931 and won't fall below today's level until next summer
23/11/23 00:04
Ofgem will announce its latest price cap today with experts predicting it will jump from the current £1,834 for a typical dual fuel household to £1,931 to take effect from January 1.
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STEPHEN GLOVER: I take my hat off to Jeremy Hunt's ingenuity. Let's hope it hasn't come too late to save us from Keir Starmer
22/11/23 22:45
STEPHEN GLOVER: How did Jeremy Hunt do? Not badly. It was a very clever package. Mr Hunt is a master of detail, and has thought deeply and creatively about measures - all 110 of them.
ALEX BRUMMER: The Chancellor has restored order to the economy - and we're reaping the rewards
22/11/23 22:28
ALEX BRUMMER: Not only is Chancellor Jeremy Hunt providing investment incentives for key domestic companies, he is also seeking to revitalise direct investment from foreign companies too
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QUENTIN LETTS: I thought Jeremy Hunt was making saucer eyes at your sketch writer... but his wife was sitting right behind me!
22/11/23 22:26
QUENTIN LETTS: Jeremy Hunt began the Autumn Statement by bellowing, 'Mr Speaker, I come today with good news. It's my wife's birthday! And unlike me, she's looking younger every year.'
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JASON GROVES: The election starts with Jeremy Hunt's Autumn Statement, but the Tories will need to go much further to win
22/11/23 20:06
JASON GROVES: Jeremy Hunt set the scene for the Tories' election campaign with a mini-Budget designed to show that the party is ready to return to its tax-cutting traditions.
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