Autumn Statement and Spending Review: News and comment

AUTUMN STATEMENT AND SPENDING REVIEW: NEWS AND COMMENT

'I just hope people can find it in their hearts': Rishi Sunak begs voters for forgiveness over his D-Day blunder

11/06/24 02:04

Rishi Sunak last night begged the nation to forgive him for leaving a D-Day event early. The prime minister was caught leaving the commemorative event on the 80th anniversary of D-Day, the day that the Allied forces stormed Normandy during the Second World War, early in order to campaign for the upcoming general election. He was left with his tail between his legs as he was widely condemned for not staying for the whole day. ...read

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 20:03

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 01:12

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 01:36

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.'

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.

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'.

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.

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.

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.

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'.

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.

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.

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.

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.

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.

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.

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'.

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.

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.

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'.

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.

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.

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.

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'.

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.

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.'

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.

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'.

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.

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.

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.

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.

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.

'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.

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.

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.

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 .

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.

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

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.

OBR warns house prices could fall almost 5% next year taking the average price of a home to £266,000 and won't recover to their 2022 peak until 2027 - when average interest rates will be 5%

22/11/23 17:15

The Office for Budget Responsibility (OBR) also said that prices would fall by 4.7 per cent next year, after a modest increase of 0.9 per cent this year.

Net migration will be 150,000 higher than predicted over the next five years, OBR warns ahead of figures tomorrow that could show numbers hitting another new record

22/11/23 16:21

The Office for Budget Responsibility gave the estimate in its report alongside the Chancellor's Autumn Statement.

'Time to get Sid investing again!': Jeremy Hunt revives Margaret Thatcher's 'tell Sid' campaign as he reveals ministers are mulling plans to sell off NatWest shares to the public

22/11/23 16:17

The Chancellor used his Autumn Statement to announce he would 'explore options' for a retail offer as the Government looks to fully offload its stake in the bank by 2026.

Public spending will be nearly £20billion lower in real terms by 2027-28 after Chancellor dodged increasing budgets, OBR warns - and targets are only being met due to assumption fuel duty will rise

22/11/23 15:59

The Office for Budget Responsibility highlighted the scale of the squeeze in documents accompanying the Autumn Statement.

How does the Autumn Statement affect YOU? Families, the squeezed middle class and high-earners are up to £754 better off from National Insurance cuts - use MailOnline's calculator to find out the changes will affect you

22/11/23 15:57

Millions of Brits have been affected by today's Autumn Statement - and now you can use our online calculator to find out how your finances will change as a result.

Shadow chancellor Rachel Reeves accuses ministers of making Brits pay 'costs of failure' - but Jeremy Hunt says Labour is still the party of high tax and swipes that they might bring back free movement

22/11/23 15:34

The Labour shadow chancellor, responding to Mr Hunt's Autumn Statement , said taxes would be higher at the next general election than they were at the last one.

Tories hail Chancellor's tax-cutting Autumn Statement after he gives Brits a £450 boost by slashing 2p off national insurance and hands firms £10bn perk - but watchdog warns the burden will STILL hit a post-war record with 3m dragged into higher rate

22/11/23 15:01

In a crucial Autumn Statement, Jeremy Hunt drew battle lines for a long election struggle by starting to reduce the eye-watering burden on businesses and families.

Hard-up support worker admits 'I used to shop at Sainsbury's but now go to Iceland' and struggling pensioner says it's too expensive to use his oven - Brits react to tax cuts and pensions boost in the Chancellor's Autumn Statement

22/11/23 14:08

Despite inflation falling to 4.6 per cent last week, Britons across the UK are still struggling with high energy bills and soaring costs in many areas of their finances.

Crackdown on long-term jobless: Unemployed will be forced to do 'work placements' if they can't find a regular job within 18 months - and those who refuse to even look for six months will lose all their benefits under major clampdown

22/11/23 13:48

Jeremy Hunt said that people still unemployed after 18 months despite help will have to do 'a mandatory work placement to increase their 'employability' in Autumn Statement.

Jeremy Hunt hammers smokers: Price of hand-rolling tobacco will increase by more than £2 per 30g pack TONIGHT - and the price of 20 cigarettes will rise by 66p as Chancellor hikes duties

22/11/23 13:36

Announcing his latest financial package to the House of Commons, the Chancellor told MPs he would massively increase the duty on hand-rolling tobacco.

Autumn Statement 2023: Jeremy Hunt freezes all duty on beer, wine and spirits until next summer and reconfirms Brexit Pubs Guarantee will make sure a pint in a bar has lower tax than those in supermarkets and off licences

22/11/23 12:49

Jeremy Hunt today froze tax on a pint until next summer as he moved to help hrd-pressed pubs and drinkers.

Jeremy Hunt takes an axe to taxes... but is it enough? Chancellor gives Brits a £450 boost by slashing 2p off national insurance and hands firms 'biggest-ever' £10bn tax break - only for watchdog to warn the burden is STILL heading for a post-war high

22/11/23 12:36

In a crucial Autumn Statement, Jeremy Hunt is drawing battle lines for a long election struggle by starting to reduce the eye-watering burden on businesses and families.

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