UK

UK's Hunt delays 'properly tough' budget decisions: IFS

Britain's Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London
British finance minister Jeremy Hunt appears to have delayed the "properly tough" decisions needed to balance the public finances, possibly in the hope of an economic upturn that will reduce the need for a painful squeeze, a think-tank said.
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An English ten Pound note is seen in an illustration

UK bond dealers see jump in gilt issuance for 2023/24

Bond dealers expect Britain to trim debt issuance plans for the current financial year, compared with those made just after September's "mini-budget", but see a big jump in issuance next year, a Reuters poll showed on Wednesday.
Finance minister Jeremy Hunt is expected to hike taxes and slash spending when he outlines a key budget Thursday

UK inflation accelerates to 41-year peak

British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis, data showed Wednesday on the eve of a key budget.
People walk across Millennium Bridge with the City of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London

UK economy shrinks at start of feared long recession

Britain's economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge for finance minister Jeremy Hunt as he prepares to raise taxes and cut spending next week.
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