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The Latest Breaking News from Jeremy Hunt

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

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

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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

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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

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

The Guardian - UK

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

Evening Standard

‘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

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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

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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

The Guardian - UK

‘Our margins are threadbare’: UK’s craft beer scene says it’s on the brink

Small brewers are being squeezed, with a flurry of insolvencies hitting the sector despite strong sales

The Guardian - UK

People are poorer than at the last election and all Hunt can do is hope

Economic upticks are welcome but they won’t help the chancellor’s chances of retaining his seat

The Guardian - UK

From HS2 to the NHS, Britain doesn’t cut costs. Disastrously, it just cuts corners

Short-termist and kneejerk decisions to ‘balance the books’ always end up with the exchequer paying out more for less

The Guardian - UK

British Savings Bonds: after the fanfare, interest rates hit a flat note

NS&I’s new product offers up to 4.15% – but some experts dismiss it as just ‘a fancy bit of marketing’

The Guardian - UK

Tory MP Luke Evans reveals he was targeted in Westminster sexting scandal

Evans says he was first to alert authorities after receiving messages in what is suspected to be part of wider attempt to target MPs

Evening Standard

Scotland Yard working with other police forces over MP explicit photos scandal

The Met’s involvement came after Conservative MP William Wragg said he was ‘manipulated’ into sharing personal phone numbers of colleagues

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