DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Jeremy Hunt - 1 Laura Kuenssberg - 1 Isabel Infantes - 1 Hunt - 1 Rishi Sunak - 1 Sunak - 1 Liz - 1 Michal Stelmach - 1
Top related locs:
London Britain
Top related orgs:
BBC Broadcasting House - 1 REUTERS - 1 National Statistics - 1 KPMG - 1 Labour Party - 1 ONS - 1 Thomson - 1

Search resuls for: "BBC Broadcasting House"


2 mentions found


☆ UK borrowing figures give Hunt some room for tax cuts
  + stars: | 2023-11-21 | by ( William Schomberg | ) www.reuters.com   time to read: +4 min
Government borrowing between April and October totalled 98.3 billion pounds ($122.49 billion), the Office for National Statistics (ONS) said on Tuesday. The data meant borrowing was running about 22 billion pounds higher than in the same period last year but almost 17 billion pounds less than the Office for Budget Responsibility (OBR) forecast in March, giving Hunt some fiscal room for manoeuvre. The ONS said that in October alone, public sector net borrowing, excluding state-owned banks, was 14.9 billion pounds last month. A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 12 billion pounds in the month. The figure was also higher than the OBR's forecast for borrowing of 13.7 billion pounds in the month.
Persons: Jeremy Hunt, Laura Kuenssberg, Isabel Infantes, Hunt, Rishi Sunak, Sunak, Liz, Michal Stelmach, Stelmach, William Schomberg, Kate Holton, Jason Neely Organizations: BBC Broadcasting House, REUTERS, National Statistics, KPMG, Labour Party, ONS, Thomson Locations: London, Britain
☆ UK's new finance minister scraps almost all planned tax cuts in bid to appease markets
  + stars: | 2022-10-17 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Tejas Sandhu | Lightrocket | Getty ImagesLONDON — U.K. Finance Minister Jeremy Hunt used his first Monday on the job to announce that almost all of the controversial tax measures announced by his predecessor would be reversed. The major U-turn includes scrapping the cut in the lowest rate of income tax from 20% to 19%, as well as cuts to dividend tax rates, the reversal of off-payroll working reforms, VAT claim-backs for tourists and the freeze on alcohol duty rates. Hunt said the reversed tax cuts totalled £32 billion a year. Markets cheered the announcement, with sterling trading up over 1% against the dollar by 11:30 a.m. London time. Yields on U.K. government bonds also fell sharply, with the 10-year yield trading down 35 basis points at 3.974%.
0 next >>
Total: 2