Jeremy Hunt

UK budget deficit overshoots in setback for Hunt’s tax cut plans

The budget deficit totalled £120.7 billion (S$203.1 billion) in the 12 months through March, more than the £114.1 billion forecast by the Office for Budget Responsibility just last month. 

British Prime Minister Rishi Sunak could lose his own constituency and his party will not win a single seat in Scotland or Wales, according to a recent survey.

UK Tories face historic loss amid labour landslide: survey

THE UK’s ruling Conservative Party faces its worst election result, with Labour projected to win more than 70 per cent of seats at the next general election, according to a poll by Survation on behalf...

The latest budget cuts capital gains tax by four percentage points to 24 per cent. Landlords who wish to sell their apartments and houses will benefit from the reduction, Knight Frank says.
NEWS ANALYSIS

London property market faces hit as UK ends tax haven advantage for super-rich foreigners

[LONDON] With the UK set to abolish the “non-domicile” (non-dom) tax status of some 68,000 ultra-wealthy foreign residents, the move is set to beef up the government’s coffers by £9 billion (S$15.4 bi...

Hunt is reducing the rate of social security contributions paid by workers by two percentage points for the second time in just over four months, which would put an average of £900 in the pockets of workers a year.

UK's Hunt cuts taxes in bid to boost Sunak's frail election hopes

British finance minister Jeremy Hunt offered voters tax cuts in a bid to woo them back to Prime Minister Rishi Sunak’s Conservatives ahead of an expected 2024 election, slashing the emergency reserves...

In two television interviews on Sunday, Hunt says his budget would be “prudent” and “responsible” and that he wants to “show a path” toward a lower-tax economy.

Traders wary UK’s budget risks revving inflation

Bond investors are positioning for a potential rise in inflation if Chancellor of the Exchequer Jeremy Hunt cedes to pressure to deliver pre-election giveaways in this week’s spring budget.

British Chancellor of the Exchequer Jeremy Hunt is open to the idea of creating a so-called British ISA, a tax-free savings account for investing in UK equities.

Jeremy Hunt turns to retail investors to save UK market

Jeremy Hunt wants UK retail investors to help revive the fortune of the country’s ailing stock market, which has been beset by underperformance, outflows and an exodus of companies.

Tax revenue exceeded spending by £16.7 billion (S$28.3 billion), more than double the surplus a year earlier.

UK posts record fiscal surplus in pre-budget boost for Hunt

Britain delivered the biggest budget surplus on record in January, a boost for Chancellor Jeremy Hunt two weeks before he is due to announce what could be the last fiscal statement before a general el...

Consumer prices rose 4 per cent compared with a year earlier, the same pace as in December, says the Office for National Statistics.

UK inflation weaker than forecast in relief for BOE policymakers

UK inflation came in lower than forecast in January, with underlying price pressures not rising as much as markets and the Bank of England had feared.

Britain is reforming its financial sector in a bid to remain globally competitive as UK tech companies like chip designer Arm Holdings choose to list in New York.

Britain’s Hunt wants London Stock Exchange to become Europe’s Nasdaq

BRITISH finance minister Jeremy Hunt said on Thursday he wants the London Stock Exchange to become the Nasdaq of Europe, attracting tech companies to help create “the next Silicon Valley”.

HSBC, Barclays, Lloyds Banking Group, NatWest Group and Santander UK are expected to take part in the meeting with finance minister Jeremy Hunt.

Britain's finance minister Hunt to quiz bank bosses on UK lending

Britain’s finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday (Jan 23) to seek reassurance they can keep lending to the economy, four sources familiar with the matter s...