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The Latest Breaking News from Jeremy Hunt

UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy

The Guardian - UK

Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear

Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general election

The Guardian - UK

Russia-Ukraine war: ‘mortal’ Europe needs stronger defence, says French president – as it happened

Emmanuel Macron says Europe faces existential threat from Russian aggression and calls on continent to adopt ‘credible’ defence strategy

The Guardian - UK

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Ukraine gains power to hit deep into Russia with new US missiles

The ATACMS missiles were fired by Ukraine for first time last week and more are coming in a new US aid package, officials say

Evening Standard

The Guardian view on Sunak’s spending pledges: a Potemkin village of pretend policy

Editorial: A desperate prime minister has given up trying to meaningfully account for the money he is putting into pre-election promises

The Guardian - UK

Grant Shapps claims tax cuts still possible despite huge splurge on defence spending

Defence Secretary says the £75bn hike can be paid for partly through 72,000 cuts to Civil Service jobs

Evening Standard

London and South-East hit with record £100billion income tax grab as changes bite

EXCLUSIVE: Londoners paid £59.3billion to the Treasury annually and South-East residents £41.4 billion, according to HMRC figures

Evening Standard

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Defence spending in UK to be put ‘on war footing’, Rishi Sunak says – as it happened

Prime minister announces increase to UK defence spending to 2.5% of GDP by 2030 in speech about security

The Guardian - UK

Rishi Sunak's election challenge underlined as 9/10 voters think finances getting worse or no better

EXCLUSIVE: ‘Most people are still not feeling enough improvement in their personal finances’ - Gideon Skinner of Ipsos

Evening Standard

Jeremy Hunt’s scope for tax cuts hit by higher-than-expected borrowing

Government borrowed £120.7bn in the last financial year, with just under £12bn in March

The Guardian - UK

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Labour shifts poll tactics to target fearful Tory over-65s

Alarm grows over possible pension cuts as research suggests Jeremy Hunt tax cut announcement was ‘blunder’

The Guardian - UK

‘You can’t rule out a complete panicked meltdown’: Tories fear wipeout after another disastrous week

Infighting, suspensions and bizarre allegations have dogged efforts to restore order as the party prepares for May’s byelections

The Guardian - UK

Hunt reportedly mulling stamp duty and NI cuts in effort to woo voters

Possible move in autumn statement come as experts sound alarm about dire state of UK public services

The Guardian - UK

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The Guardian - UK

Jeremy Hunt’s tax cut plans to face IMF scrutiny next month

Annual health check to examine whether tax increases or spending cuts will be needed after election

The Guardian - UK

IMF’s Georgieva says border migration is helping US outperform Europe; UK car insurance prices finally falling – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Beware risks of voter giveaways to public finances, countries facing elections told

IMF says reduction in national insurance may have made cutting UK national debt more difficult

Evening Standard

Jeremy Hunt gets £12billion more 'headroom' so could slash another 2p off National Insurance, says IFS

But the leading economists warn against the move as public services desperately need more funding

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The Guardian - UK

‘Petrified’ non-doms poised to flee UK over Labour’s tax plans, say experts

Prospect of party closing Tory ‘loopholes’ if elected prompts some wealthy individuals to explore a move overseas

The Guardian - UK

Former Royal Mail chief exec says he ‘was not aware’ group’s lawyers were prosecuting post office operators – as it happened

Adam Crozier tells Horizon IT scandal inquiry that he was unaware lawyers within the group conducted prosecutions

The Guardian - UK

Labour creates tax panel to help it clamp down on avoiders

Group will advise on how to modernise HMRC after shadow chancellor Rachel Reeves reveals plan for £5bn crackdown

Evening Standard

OPINION - The Standard View: Labour's non-dom tax plans are a lesson in risk and reward

A cautious Labour Party has been loath to highlight any taxes it may raise to fund public services with just one or two exceptions, including on wealthy “non-doms” — those not domiciled in the UK for tax purposes.

The Guardian - UK

No change to UK’s arms exports to Israel but position kept under review, says David Cameron – as it happened

UK foreign secretary also defended his meeting with Donald Trump during a press conference in Washington

The Guardian - UK

Labour plans £5bn crackdown on tax avoiders to close non-dom spending gap

Funding needed after Tories adopted Labour policy to pay for tax cuts will be used for school breakfast clubs and NHS

Evening Standard

The meek may inherit the earth but they won’t inherit the City

City Voices: US companies are masters at blowing their own trumpet

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