UK budget will lead to 'shallower downturn' - Hunt

Ireland News News

UK budget will lead to 'shallower downturn' - Hunt
Ireland Latest News,Ireland Headlines
  • 📰 rtenews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 99%

Jeremy Hunt promised to 'tackle the cost-of-living crisis' and 'rebuild our economy' while setting out plans for tax rises and spending cuts

The UK's Chancellor has promised his autumn statement will lead to a"shallower downturn" in the UK's finances.

He said the Office for Budget Responsibility forecast is the UK's inflation rate will be 9.1% this year and 7.4% next year. The UK government will grow public spending, Mr Hunt added, but will grow it slower than the economy. "The United Kingdom has also been a global leader on climate change, cutting emissions by more than any other G20 country," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

rtenews /  🏆 1. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK chancellor Hunt set to cut spending, increase tax amid economic ‘storm’UK chancellor Hunt set to cut spending, increase tax amid economic ‘storm’British finance minister to announce fiscal statement later today
Read more »

UK budget set to deliver more economic painThe UK's finance minister Jeremy Hunt will bury Britain's 'Trussonomics' experiment by cutting spending and raising taxes, moves that he and Prime Minister Rishi Sunak say are needed to restore investor confidence.
Read more »

Sterling higher ahead of 'tough but necessary' budgetThe pound rose for a third day against the dollar today ahead of finance minister Jeremy Hunt's new budget full of 'tough but necessary' measures to control inflation.
Read more »

Sterling higher ahead of 'tough but necessary' budgetThe pound rose for a third day against the dollar today ahead of finance minister Jeremy Hunt's new budget full of 'tough but necessary' measures to control inflation.
Read more »



Render Time: 2025-03-13 14:07:07