Jeremy Hunt News

The Treasury set out that annual subscription limits will remain at £20,000 for individual savings accounts, £4,000 for Lifetime ISAs and £9,000 for Junior ISAs and child trust funds until 5 April 2030. Autumn Budget 24: Labour raises lower and higher rates of capital gains tax with immediate effect In the Budget document, the government also confirmed the scrapping of the Great British ISA, introduced by former chancellor Jeremy Hunt back in his Spring Budget in March. This was supposed to give retail investors an additional £5,000 annual allowance to invest in British companies. ...

Health Secretary Wes Streeting confirmed plans to slash 9,000 roles from the 15,000-strong NHS England workforce, targeting hundreds of millions in savings by merging duplicated functions like communications and strategy teams. The decision reverses a 2012 Coalition-era restructuring, drawing cautious support from figures like Jeremy Hunt, though critics warn of potential disruptions to patient care. Recent resignations of NHS England’s chief executive and medical director preceded the overhaul, signaling internal turmoil.

Although there was no mention of ISAs in Chancellor Rachel Reeves' first Budget last month, nor in her maiden Mansion House speech last week, Labour had promised to increase retail participation in capital markets in its campaign commitments.  The only move related to ISAs, which was also confirmed in the Autumn Budget in October, was the scrapping of the Great British ISA, unveiled by former chancellor Jeremy Hunt earlier this year. Under the new Labour government, the Treasury said it would not go ahead with the GB ISA plans despite having sought industry feedback on the matter.  ...

Chancellor Rachel Reeves will meet bosses of big pension schemes in Toronto on Wednesday, as she seeks to create a “Canadian-style” model in the United Kingdom with massive retirement funds investing in equities and infrastructure.

The first one to arrive at 10 Downing Street for a meeting with the PM, Reyner will also hold the position of secretary of state for levelling up, housing and communities, succeeding Conservative rival Michael Gove. Rachel Reeves was appointed Chancellor of the Exchequer, succeeding former Tory cabinet member Jeremy Hunt. Reeves is UK's first female chancellor in the history of the job and formerly served as shadow minister for Labour for the past three years. David Lammy was also appointed foreign secretary, taking over from David Cameron, and Yvette Cooper is now home secretary. ...

The Conservatives ended up with 121 seats and came second to Labour, which took 412 seats. Many of the former Tory ministers will remain in the same roles from before the election, with James Cleverly now shadow home secretary, Jeremy Hunt shadow chancellor and Andrew Griffith appointed shadow secretary of state for science, innovation and technology. Keir Starmer names cabinet ministers with Angela Rayner as deputy PM But many former Tory frontbenchers are absent, either due to losing their electoral seat last week (4 July), or having stepped down in the aftermath, causing a mass...

The first one to arrive at 10 Downing Street for a meeting with the PM, Reyner will also hold the position of secretary of state for levelling up, housing and communities, succeeding Conservative rival Michael Gove. Rachel Reeves was appointed chancellor of the exchequer, succeeding former Tory cabinet member Jeremy Hunt. Reeves is UK's first female chancellor in the history of the job and formerly served as shadow minister for Labour for the past three years. David Lammy was also appointed foreign secretary, taking over from David Cameron and Yvette Cooper is now home secretary. O...

The British economy failed to grow in April in a blow to Prime Minister Rishi Sunak who has made the return of growth a central pillar of the Conservative Party’s election campaign

post-study visa which allows graduates to stay on and work for up to two years after their degree course as part of efforts to curb soaring legal migration figures despite strong opposition from some of his ministers, a report claims on Sunday. According to 'The Observer' newspaper, Sunak is facing a Cabinet revolt over plans to scrap the Graduate Route scheme, the definitive factor for choosing UK universities among Indian students who have topped the tally of these post-study visas since it was launched in 2021. Downing Street is said to be considering «further restricting or even ending» the route despite the independent Migration Advisory Committee (MAC) declaring it was not being abused and that it should continue as it helps UK universities make up for financial losses on the domestic front. «Sunak is now finding himself caught between the demands of right-wingers with one eye on the Tory leadership and Conservative moderates who fear the consequences of a lurch to the right on the party's reputation and election chances,» claims the newspaper, quoting sources close to ministers who oppose scrapping the visa.

Prime Minister Rishi Sunak is expected to announce a crackdown on agents marketing graduate visa schemes overseas, aiming to project a tough stance on migration before this year’s general elections. This comes after UK's university regulator warned of severe financial strains on institutions due to a decline in international student numbers. According to a Financial Times report, the new measures, anticipated to be revealed next week, will coincide with the release of quarterly migration data from the Home Office and the Office for National Statistics. The crackdown could involve mandatory registration for agents and fines for malpractice. Want to know if you qualify for immigration? Click here Sunak is also considering stricter criteria for the graduate visa scheme, potentially limiting visas to the «best and the brightest.» However, this approach has not yet been formally discussed with ministers. This proposal faces resistance from Chancellor Jeremy Hunt and Education Secretary Gillian Keegan, who worry about the financial impact on universities if international student numbers drop further.

Chancellor Jeremy Hunt recently called on the regulator to rethink its plans to ‘name and shame' companies under investigation, in a rare regulatory intervention from a chancellor. At the same time, shadow City minister Tulip Siddiq told the FT that Labour plans to create a Regulatory Innovation Office (RIO) to «improve accountability and promote innovation in regulation cross sectors». More specifically, she said a push on the FCA to «tear down barriers to competitiveness and growth», would be part of Labour's plans, if elected at the upcoming General Election. FCA's Ashley Alder:...

In a Treasury Committee hearing yesterday (8 May), Alder told MPs the regulator was not «expecting such a stern reaction» to the proposals both from industry and government, after even Chancellor Jeremy Hunt criticised the plans. Jeremy Hunt calls on FCA to 're-look' at name and shame policy – reports Alder explained the consultation aims to improve deterrence and strengthen the whistleblowing framework to ensure it is «more effective»; adding the naming proposals were born out of factors including speculation and rumour around cases and the impact these could have on public confidenc...

Lombardelli, who has served as the chief economist at the Organisation for Economic Co-Operation and Development since April 2023, will take on the role on 1 July, succeeding Ben Broadbent, who has served since 2014. As part of her role, she will sit on the Bank's Monetary Policy Committee, the Financial Policy Committee and the Court of the Bank of England. Her appointment was revealed by Chancellor Jeremy Hunt in February, following approval by the King. The committee's blessing follows a scrutiny session on Tuesday (16 April), when MPs probed her professional competence and persona...

Conservative Party is in for a major drubbing in the general election expected later this year, with even British Prime Minister Rishi Sunak's seat in North Yorkshire hanging in the balance. The 15,029-person MRP poll conducted by Survation on behalf of Best for Britain puts the Opposition Labour Party on 45 per cent of the vote share with a 19-point lead over the Conservatives, up three points from the group's previous poll at the end of last year. 'The Sunday Times' analysis of the major seat-by-seat survey claims Tory prospects have hit a record low, which means they are on track for their worst election result, winning fewer than 100 seats. Labour could win 468, giving Opposition leader Sir Keir Starmer's party a whopping 286-seat majority. «Our MRP forecast shows that, if the election were held tomorrow, Sunak's Conservatives would lose 250 MPs across the country and the Labour Party would win with 468 seats. This would be the worst ever result for the Conservatives at a General Election,» claims the Best for Britain analysis.

inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will cut interest rates this year. Inflation reached 3.4 percent last month — the lowest level since September 2021 — after hitting 4.0 percent in January, according to the Office for National Statistics.

LONDON (Reuters) -British inflation cooled in February by slightly more than economists and the Bank of England expected, according to data on Wednesday that could give the central bank more confidence that it can cut interest rate cuts in the coming months.

Following the announcement by Chancellor Jeremy Hunt in the Spring Budget, the research amongst UK adults found almost one in five (18%) said they would ‘definitely' consider opening one. 'Helpful change' or 'political stunt'?: The debate on the Great British ISA and what investments should qualify Among those who currently have an ISA, almost three in five (57%) would consider opening a GB ISA, rising to over three-fifths (63%) amongst those with an existing stocks and shares ISA. Meanwhile, a quarter (25%) of UK adults said they would not consider opening a GB ISA. The researc...

By Huw Jones

On Tuesday (12 March), economists gave evidence in the second of three TSC meetings taking a look at Chancellor Jeremy Hunt's Spring Budget last week, in which they noted the numbers on the UK's growth outlook were not aligned between the two institutions. Accompanying the Budget, the OBR report was upgraded from its previous forecast in the Autumn Statement, and suggested GDP growth would average 0.8% in 2024, up from the previously forecast 0.7%. The economy is then predicted to grow 1.9% in 2025, 2% in 2026, 1.8% in 2027 and 1.7% in 2028. By contrast, the BoE downgraded it latest f...

By David Milliken and Suban Abdulla

By Harry Robertson