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The Latest Breaking News from Paul Johnson

Mark Bradley: The right man for a tough job – Brent Key, Georgia Tech head coach

This feels like the right hire. It mightn’t feel that way five years from now, but we’re not living in 2027. We’re living at a time when Georgia Tech is trying to correct the biggest wrong in Institute annals. Brent Key feels like the right place to start.

Tribune News Service

“The truth is we just got a lot poorer”

“I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.” This is not a direct quote from Paul Johnson, director the Institute for Fiscal Studies think tank, but it is a close approximation.

Evening Standard

Jeremy Hunt statement sets scene for ‘grim’ fall in living standards

Recession to last until 2024 as taxes climb to highest level since Second World War

The Independent UK

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Jeremy Hunt admits Boris Johnson's Brexit deal led to damaging trade barriers

The Chancellor, who yesterday unveiled an Autumn Statement which experts warn will inflict years of pain on millions of Brits, said it will "take time" to remove barriers affecting trade with the EU

Daily Mirror

How the autumn statement brought back the ‘squeezed middle’

Respected thinktanks say Jeremy Hunt’s policies will shock Middle England, with higher taxes here to stay

The Guardian - UK

UK economy damaged by ‘own goals’ like Brexit and Liz Truss’s Budget, economists say

Institute for Fiscal Studies says UK faces ‘long, unpleasant journey’ over next few years

The Independent UK

Autumn Statement reaction: Higher tax ‘here to stay’ as pain goes on

New warning that burden unlikely to return to pre-Covid level ‘any time in coming decades’

Evening Standard

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The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement

The Guardian - UK

Autumn Statement: Brits 'just got a lot poorer' with Middle England 'set for a shock'

After the Autumn Statement, the director of the Institute for Fiscal Studies Paul Johnson said he would be 'most surprised' if the tax burden returns to pre-Covid average 'at any time in the coming decades'

Daily Mirror

America is heading for a soft landing while the U.K. is expecting its worst decline in living standards—ever

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

Fortune

House prices expected to fall by 9% over next two years, says OBR

Stamp duty cuts previously announced in the mini-budget will remain in place but only until March 31 2025.

The Independent UK

The Tories’ ‘fiscal black hole’ is a statistical fiction – let’s have a reality check

The government’s own arbitrary target is the source of this ‘shortfall’, says James Meadway of the Progressive Economy Forum

The Guardian - UK

Michael Hiltzik: Britain's prime minister followed the GOP's economic plan. She lost her job in record time

Fox Business talking head Larry Kudlow was over the moon on Sept. 23.

Los Angeles Times

Rishi Sunak’s cuts will be more brutal than austerity. Remember: they are a choice, not a necessity

Can voters forgive the gutting of services already at breaking point, asks Guardian columnist Polly Toynbee

The Guardian - UK

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The Independent UK

Pound falls after Liz Truss U-turn, as IFS warns ‘piecemeal’ changes won’t cut it

Sterling dips and cost of government borrowing rises despite PM’s bid to reassure markets

The Independent UK

Slapdown for Rees-Mogg over attack on economic forecasters

Business secretary’s broadside fuelled speculation of damning OBR verdict on Kwarteng mini-Budget

Daily Mirror

Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

The Guardian - UK

Unfunded tax cuts mean UK ‘will need £60bn spending cuts’

IFS says Kwasi Kwarteng’s mini-budget will leave ministers making serious reductions in public services

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The Guardian - UK

Truss and Kwarteng will face fury of Tory MPs in week of crisis meetings

The PM and chancellor will try to stop panic spreading through the party after their high-risk economic plan threatens a ‘death spiral’

The Guardian - UK

Eamonn McCabe obituary

Award-winning photographer and picture editor with a unique way of seeing and framing the world

Wales Online

Chancellor Kwasi Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for the rich

Opposition MPs derided Mr Kwarteng's 'botched budget' which was a 'huge economic body blow to working people that will mean higher prices and soaring mortgages.'

The Guardian - UK

Tory MPs plot to avert benefit squeeze after humiliating U-turns

Kwasi Kwarteng to bring forward fiscal statement to later this month amid disquiet in party over spending cuts hitting poorest

Evening Standard

Kwasi Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

The Chancellor admitted it had been a ‘tough’ day after scrapping the abolition of the top income tax rate

Birmingham Post

Kwasi Kwarteng accepts growth plan caused 'a little turbulence' as government U-turns over income tax cuts

Embattled Chancellor says 'it has been tough but we need to focus on the job in hand'

The Independent UK

‘Massive spending cuts will still be needed’ despite Chancellor’s U-turn

Think tank experts said the Government’s mini-budget plans will still leave the UK’s public finances on an unsustainable path.

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