Content based on the tag Inflation

Tax cuts still a priority Rishi Sunak says despite surprise inflation rise

The Prime Minister says he wants to reduce the tax burden despite questions over the country's fiscal position

8 months ago

inews.co.uk

Tax cuts less likely in Budget due to surprise inflation rise, say insiders

Inflation rose to 4 per cent in December even though a reduction had been forecast

8 months ago

inews.co.uk

Jane Merrick

Ministers and food industry in talks over Red Sea crisis price rise fears

Discussions have been taking place in Whitehall to try to prevent the attacks by Houthi rebels on shipping in the Red...

8 months ago

inews.co.uk

Rachel Reeves blames Truss and Brexit for exposing Britain to higher prices

Rishi Sunak claims the cost of living squeeze is coming to an end - but Labour will accuse the Conservatives of makin...

8 months ago

dailymail.co.uk

Jeremy Hunt hails relief for Brits as wages outstrip inflation by 1.4% - the highest since 2021 -...

Jeremy Hunt said he was 'heartened' after regular pay rose by an annual 1.4 per cent against the headline CPI rate in...

8 months ago

dailymail.co.uk

Cabinet minister Michael Gove shrugs off painful-looking graze on his forehead and nose after...

Michael Gove was spotted with grazes on his forehead and nose as he arrived for the weekly meeting of Rishi Sunak 's ...

9 months ago

dailymail.co.uk

Rishi Sunak could spend a chunk of general election campaign in SAMOA at Commonwealth summit if h...

A November 14 election date would mean a potentially awkward clash with the Commonwealth Heads of Government summit -...

9 months ago

inews.co.uk

'We haven't delivered': Tories face 'embarrassment' of Sunak's broken promises

PM goes into 2024 and countdown to a general election having failed to meet most of the five pledges he made to voter...

9 months ago

dailymail.co.uk

Commuters face 4.9% hike in rail fares from March after another year of services being blighted b...

The government has announced the level of the cap on increases in regulated fares, which include most season tickets ...

9 months ago

dailymail.co.uk

Economy went into reverse over the summer shrinking by 0.1% according to grim official figures - ...

GDP fell by 0.1 per cent between July and September, worse than the flatlining that had previously been estimated.

9 months ago

inews.co.uk

Spring boost as Cost of Living crisis expected to ease in April

But a spring boost in household finances, plus hopes that falling inflation will allow for tax cuts, could be food fo...

9 months ago

inews.co.uk

Tax cuts coming in 2024 after surprise drop in inflation

Jeremy Hunt will have more freedom to manoeuvre at the upcoming Budget as a result of falling inflation

9 months ago

inews.co.uk

State pension triple lock should be reformed after inflation fall, campaigners say

The triple lock means pensions will have risen by almost 20 per cent in two years leading to intergenerational unfair...

9 months ago

dailymail.co.uk

Huge boost for Brits as inflation tumbles to 3.9% in November - a far sharper fall than expected ...

The headline CPI dropped by far more than expected from 4.6 per cent the previous month.

9 months ago

dailymail.co.uk

MPs are in line for 7.1% pay rise to £92,700 in April - with tax-free daily allowance for peers s...

The metric usually used to set politicians' salaries would see them rise by more than £6,000 to £92,731.

9 months ago

inews.co.uk

Five economic headaches for Sunak and Hunt as they struggle to cut taxes

The Prime Minister and his Chancellor have long-promised tax cuts to try to shore up some voter support

9 months ago

inews.co.uk

Sunak's tax cut plan at risk from high interest rates, insiders fear

Labour is planning to pile on the pressure about the way that economic stagnation hits living standards

9 months ago

dailymail.co.uk

Bank of England holds interest rates at 5.25%... but when will they start coming down? Hopes for...

Threadneedle Street kept the base rate on hold at 5.25 per cent, a 15-year high.

9 months ago

dailymail.co.uk

BoE poised to pause interest rates in decision TODAY… but when will they start coming down? Press...

Threadneedle Street is widely expected to keep the base rate on hold at 5.25 per cent when the announcement comes at ...

10 months ago

inews.co.uk

Sunak's new migration laws may cause inflation to rise, say economists

Businesses and experts warn plan by PM and James Cleverly to slash number of legal migrants could push up prices and ...

10 months ago

dailymail.co.uk

Jeremy Hunt 'is poised to cut inheritance tax in Autumn statement next week' amid mounting Tory...

Chancellor Jeremy Hunt is increasingly expected to act to ease the burden next Wednesday after inflation fell slightl...

10 months ago

dailymail.co.uk

Relief for Brits as inflation drops faster than expected to 4.6% - bringing interest rate cuts...

Headline CPI tumbled to 4.6 per cent in October, from 6.7 per cent in September and better than the 4.8 per cent anal...

11 months ago

dailymail.co.uk

GDP flatlined in third quarter as Jeremy Hunt faces desperate calls to cut taxes to ease the...

Jeremy Hunt insisted he will 'stick to the plan' of tackling inflation despite GDP flatlining between July and Septem...

11 months ago

dailymail.co.uk

BoE chief Andrew Bailey warns interest rates will stay high for an 'extended period'... despite...

Bank of England governor Andrew Bailey said he is 'optimistic' that inflation - currently more than triple the 2 per ...

11 months ago

dailymail.co.uk

Tories fear Rishi Sunak has 'already checked out' after lacklustre King's Speech with warnings th...

Rishi Sunak laid out his Parliamentary agenda for the coming year yesterday insisting the country had 'turned the cor...

11 months ago

inews.co.uk

Housing boost in Budget would lead to higher mortgage rates for longer, warn top economists

The government is mulling over several policies to help first-time buyers in next month's Autumn Statement

11 months ago

inews.co.uk

Inflation on course to fall below 5% this year, experts believe in relief for Rishi Sunak

Inflation in September remained stable at 6.7 per cent but is now expected to fall significantly due to lower househo...

11 months ago

dailymail.co.uk

No10 hints state pension hike could be downgraded from 8.5% to save Treasury £900m - with benefit...

The 'triple lock' mechanism would in theory push up the retirement payments by 8.5 per cent from April - around £900 ...

11 months ago

inews.co.uk

Benefits must keep pace with prices as inflation set to remain over 6.5%, Jeremy Hunt warned

The Government is considering increasing benefits for working-age people by less than the current rate of inflation i...

11 months ago

inews.co.uk

State pension triple lock under threat in Jeremy Hunt's Autumn Statement

The Chancellor is considering whether to strip out the effect of public-sector bonuses when calculating the state pen...

11 months ago

dailymail.co.uk

OAPs in line for 8.5% rise in April under 'triple lock' after earnings figures are confirmed... b...

The mooted hike for April is the consequence of the 'triple lock' mechanism - which means payments go to match the hi...

11 months ago

inews.co.uk

Rishi Sunak's five pledges in trouble despite improving GDP growth

Rishi Sunak has pinned the chances of a political revival for the Conservative Party on his promise to deliver his “f...

12 months ago

dailymail.co.uk

Susanna Reid berates Jeremy Hunt for 're-announcing' plan to cut benefits for 100,000 claimants w...

Susanna Reid slated Chancellor Jeremy Hunt for 're-announcing' proposals to cut handouts for those who refuse to take...

12 months ago

dailymail.co.uk

Rishi Sunak kicks off crucial pre-election Tory conference TODAY as poll shows the gap with Labou...

Rishi Sunak is giving his traditional BBC interview as the gathering - his first since taking control of Downing Stre...

12 months ago

dailymail.co.uk

Rishi Sunak 'could strip wealthier pensioners of winter fuel payments' as trade-off for keeping...

Rishi Sunak had been flirting with ditching the flagship pensions triple lock mechanism amid fears over spiralling co...

12 months ago

dailymail.co.uk

Tories demand tax cuts NOW as respected IFS warns Brits face paying an extra £114billion by the...

The respected IFS think-tank found the government will be raking in £114bn extra by next year compared to the tax bur...

12 months ago

dailymail.co.uk

Didn't the Tories used to be the party of tax CUTS? Britain faces an extra £114billion bill by ne...

By next year's election, the Government will be raising the huge extra sum - which amounts to £3,500 per household, m...

12 months ago

inews.co.uk

Interest rate hikes hit public finances by £17bn making tax cuts impossible, Treasury believes

Rishi Sunak is reportedly weighing up a cut to inheritance tax but it would not take effect before the Budget next year

12 months ago

wsj.com

Paul Hannon

Central Banks Near Rate Peak, but Economic Toll Yet to Be Counted

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate uncha...