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Matthew Childs - 1 Jeremy Hunt - 1 Hunt - 1 David Milliken - 1 William James Our - 1
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London Britain
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REUTERS - 1 National Statistics - 1 Hunt's Conservative Party - 1 Thomson - 1

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4 mentions found


☆ UK budget deficit undershoots forecast in Sept: ONS
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: +1 min
A view of the financial district in London, Britain, September 23, 2023. REUTERS/Matthew Childs/File photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - Britain recorded a smaller-than-expected budget deficit of 14.347 billion pounds ($17.37 billion) in September, the Office for National Statistics said on Friday. A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 18.3 billion pounds. Government borrowing between April and September, the first half of the 2023/24 financial year, totalled 81.7 billion pounds, 15.3 billion pounds more than in the first half of the previous financial year. British finance minister Jeremy Hunt is due to give a mid-year update on his budget plans alongside new borrowing forecasts from the Office for Budget Responsibility (OBR) on Nov. 22.
Persons: Matthew Childs, Jeremy Hunt, Hunt, David Milliken, William James Our Organizations: REUTERS, National Statistics, Hunt's Conservative Party, Thomson Locations: London, Britain
☆ UK's Hunt to keep tight budget with eye on 2024 election
  + stars: | 2023-03-08 | by ( William Schomberg | ) www.reuters.com   time to read: +4 min
He and Hunt told investors that Britain was not ripping up the economic orthodoxy after all. It's the election timetable," Resolution Foundation chief executive Torsten Bell said in a panel discussion about the budget this week. Until now, the Office for Budget Responsibility (OBR) has been less pessimistic about growth than the Bank of England (BoE). Last month, the BoE said GDP would show no growth at all over 2024 and 2025 after a 0.5% fall in 2023. Hunt has said he will lay out economic growth measures in the budget, including ways to address the fall in the size of Britain's workforce.
☆ UK's Hunt, criticised by some Conservatives, defends tax hikes
  + stars: | 2022-11-18 | by ( Muvija M Farouq Suleiman | Muvija M | Farouq Suleiman | ) www.reuters.com   time to read: +4 min
Hunt said he deferred most of the curbs on spending because cutting now would make the current recession worse. "There is nothing Conservative about spending money that you haven't got," he said. The front page of the Financial Times declared "Hunt paves way for years of pain". "All of that borrowing we've done over the last many years is coming home to roost," Johnson told BBC radio. "We're going to be stuck at 100 billion pounds a year being spent on debt interest in the medium term.
☆ UK's Hunt says next two years will be challenging
  + stars: | 2022-11-18 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Britain's Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London, Britain, November 17, 2022. REUTERS/Toby MelvilleLONDON, Nov 18 (Reuters) - Finance minister Jeremy Hunt said Britain would face a challenging next two years but his new budget plans would help to tackle inflation and put the economy on a stronger footing. "There is nothing Conservative about spending money that you haven't got," he said. There's nothing Conservative about ducking difficult decisions that put the economy on track." Reporting by Muvija M and Farouq Suleiman; writing by Kate Holton; editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.
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