Jeremy Hunt

Labour and Tories both plan to borrow and spend. Is that wise?

July 20, 2019 Phillip Inman Boris Johnson, Brexit, Economic policy, Economics, Jeremy Hunt, Labour, Politics, Tax and spending, UKBusiness

The Conservatives would use cash for tax cuts, while Labour plans investment. But the economic climate is chillyAs the next Tory leader, and possibly a general election, loom, the UK electorate must consider one fundamental economic question: does it w…

Prices rise for British tourists as Brexit puts the pound in the shade

July 20, 2019 Larry Elliott and Tiernan Phipps Bank of England, Boris Johnson, Brexit, Business, Economic policy, Economics, European Union, Jeremy Hunt, Monetary policy committee, Philip Hammond, Politics, Sterling, Travel, Travel & leisure, UKBusiness

Fighting talk on Brexit from Jeremy Hunt and Boris Johnson has inevitably hit the value of sterlingSun, sea and sinking sterling. News of a fresh decline in the value of the pound was greeted with forbearance by travellers at Luton airport last week. T…

Worsening public finances give next PM a sharp ‘reality check’

July 19, 2019 Larry Elliott Economics editor Bonds, Boris Johnson, Budget deficit, Business, Conservatives, Economic growth (GDP), Economic policy, Economics, Government borrowing, Jeremy Hunt, Office for Budget Responsibility, Politics, Public finance, Society, Tax and spending, UK news, UKBusiness

Highest June deficit for four years shows economic slowdown is feeding throughPledges by Boris Johnson and Jeremy Hunt to cut taxes and increase spending have come just as the UK’s public finances have shown a marked deterioration, according to the lat…

No-deal Brexit would plunge Britain into a recession, says OBR

July 18, 2019 Larry Elliott Economics editor Boris Johnson, Brexit, Budget deficit, Business, Economic growth (GDP), Economic policy, Economics, Foreign policy, Government borrowing, International trade, Jeremy Hunt, Office for Budget Responsibility, Politics, UK news, UKBusiness

Office for Budget Responsibility believes economy would shrink by 2% by end of 2020A no-deal Brexit would plunge Britain into a recession that would shrink the economy by 2%, push unemployment above 5% and send house prices tumbling by around 10%, acco…

Pound could fall to parity with dollar on hard Brexit concerns

July 17, 2019 Larry Elliott Economics editor Boris Johnson, Brexit, Business, Currencies, Dollar, Economics, Euro, Jeremy Hunt, Politics, Sterling, UK news, UKBusiness

Fear of ‘hardline’ Boris Johnson and Jeremy Hunt could push sterling down to mid-80s levels, says Morgan StanleyThe pound’s fall to a two-year low against the dollar could be the start of a no-deal Brexit inspired wave of selling that would push sterli…

Osbornomics is finally dead: just ask Jeremy Hunt and Boris Johnson | Larry Elliott

July 11, 2019 Larry Elliott Boris Johnson, Economic growth (GDP), Economic policy, Economics, Jeremy Hunt, Politics, Tax and spending, UKBusiness

The men vying to be prime minister have promised the kind of spending for which they once lambasted LabourThe nation’s credit card has been maxed out. The government failed to fix the roof while the sun was shining. When times are tough a country has t…

Jeremy Hunt refuses to rule out sanctions against China

July 4, 2019 Matthew Weaver China, Conservative leadership, Conservatives, Foreign policy, Hong Kong, Hunting, Jeremy Hunt, Politics, UK news, UKBusiness

Foreign secretary says UK will always put its principles first, as Hong Kong row escalatesJeremy Hunt has refused to rule out imposing sanctions on China and expelling its diplomats in an escalating row over Hong Kong.The foreign secretary and Tory lea…

Belfast could be Singapore-style tax-free zone, says Johnson

July 2, 2019 Rob Davies Boris Johnson, Business, Conservative leadership, Conservatives, Economics, European Union, Global economy, International trade, Jeremy Hunt, Panama Papers, Politics, Scotland, Trade policy, UK news, UKBusiness

Support from both Tory leadership contenders for free ports draws criticismBelfast could be turned into a Singapore-style tax-free zone under proposals being considered by Boris Johnson, the frontrunner to become the new prime minister.At a hustings in…

Neil Woodford’s refusal to budge over fund fees is breathtaking | Nils Pratley

July 1, 2019 Nils Pratley Business, Conservative leadership, Financial sector, Investments, Jeremy Hunt, Neil Woodford, Tax and spending, UKBusiness

Management charges will continue even though unit holders cannot access their investmentsThe song remains the same from Neil Woodford. The gates will remain closed on his Equity Income Fund, meaning unit holders still can’t access their investments. Bu…

Do spending plans of Boris Johnson and Jeremy Hunt add up?

July 1, 2019 Richard Partington Economics correspondent Boris Johnson, Brexit, Budget deficit, Business, Conservative leadership, Conservatives, Economic growth (GDP), Economics, Government borrowing, Jeremy Hunt, Public sector pay, Tax and spending, UK news, UKBusiness

Both Tory leadership hopefuls have made promises ranging from tax cuts to defencePhilip Hammond has warned the two Conservative leadership candidates their tax and spending plans would be impossible under a no-deal Brexit.Here is an analysis of what Bo…