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The Latest Breaking News from Jeremy Hunt

UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisis

The Guardian - UK

Wage rises are driving inflation? Don’t swallow this dangerous rightwing myth

All the evidence is there: corporate greed is the culprit, but policymakers daren’t take on big business, says Guardian columnist Owen Jones

The Guardian - UK

Supermarkets told to slash prices at pumps as watchdog finds they're ripping off drivers

The competition watchdog will publish a report next week exposing how forecourts have increased their profit margins on petrol and diesel in the past four years

Daily Mirror

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Chancellor has discussions over pensions and ‘driving growth in the economy’

International pension funds are currently taking advantage of investments in high-growth UK companies more than UK pension funds, Jeremy Hunt said.

The Independent UK

Bank of England admits its own forecasts ‘unworkable’ in inflation crisis

Central bank’s model ‘based on last quarter century’, concedes chief economist Huw Pill

The Independent UK

Martin Lewis urges customers to take urgent action ahead of price cap change

Consumer financ expert says customers should submit a reading to reduce the risk of ‘”estimating” going against you’

The Independent UK

Covid inquiry: what we have heard so far

Relatives of those who died during the Covid-19 pandemic turned their backs on Matt Hancock as he arrived to give his testimony at the Covid inquiry.

The Week

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Banks have ‘questions to answer over interest rate rises for savers’

The Bank last week raised interest rates from 4.5% to 5%, triggering fresh misery for struggling mortgage holders.

The Independent UK

Daniel Korski pulls out of race to be Tory candidate for London mayor, blaming ‘false’ groping claim – as it happened

TV producer Daisy Goodwin accused Tory hopeful of groping her a decade ago

The Guardian - UK

July dates for DWP cost of living payments, benefits and pensions

Food prices increasing at their fastest rate in almost 45 years, ONS has warned

The Independent UK

June dates for DWP cost of living payments, benefits and pensions

Help available as more than 10m Britons struggling with bills, according to new study

The Independent UK

Water bills could rise 40% to almost £700 to cover repairs to fix sewage spills

People across the country may have to pay more for the water that comes out of their taps

Wales Online

UK business minister says Thames Water must survive; Bank of England governor understands criticism over rate hike – as it happened

Rolling coverage of the latest economic and financial news, as government begins drawing up contingency plans for the collapse of Thames Water

The Guardian - UK

UK and EU reach post-Brexit ‘turning point’ with financial services deal – Hunt

Horizon membership talks ‘not stalled ... just crunchy’ says chancellor

The Independent UK

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Evening Standard

Chancellor’s visit to Brussels is long overdue

City Comment: How can we go three years without a Chancellor visiting the ‘capital’ of our biggest trading partner?

Chronicle Live

DWP Universal Credit claimants finding private rentals 'increasingly unaffordable'

A freeze on housing benefits means that the proportion of privately rented properties that people on the lowest incomes can afford has plummeted

The Independent UK

Talks on UK joining EU Horizon research programme ‘crunchy’, says Hunt

Chancellor Jeremy Hunt said UK participation in the science and innovation scheme would depend on being ‘fair’ to taxpayers.

The Guardian - UK

Mobile and broadband firms accused of fuelling UK ‘greedflation’ with major price hikes

Government accused of being ‘asleep at the wheel’ after firms push through biggest round of price hikes since 1991

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The Independent UK

Chancellor to sign financial services memorandum with Brussels

The EU said that the deal would set up a forum where London and Brussels could talk.

Liverpool Echo

Tesco, Sainsbury's, Morrisons and Asda forced to explain high food prices

Prices are still rising while wholesale costs are dropping

The Independent UK

June dates for DWP cost of living payments, benefits and pensions

Help available as more than 10m Britons struggling with bills, according to new study

The Independent UK

July dates for DWP cost of living payments, benefits and pensions

Food prices increasing at their fastest rate in almost 45 years, ONS has warned

The Guardian - UK

Shaken by inflation? Be a Brit and show some grit, says Rishi

Life’s about survival these days – but the trick, according to the PM, is just to hold our nerve

The Independent UK

New Brexit checks will make food price inflation even worse, warns industry

Firms will have to pass on extra costs of red tape, warns Fresh Produce Consortium

The Independent UK

Jeremy Hunt pushes for investigation into firms exploiting inflation crisis for profit

Summit follows claims retailers are using spiralling inflation to boost profit margins by failing to pass on lower costs to consumers

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