Business minister raises the alarm on the tourist tax, saying the government is ‘very concerned’ about its impact on companies

By Harriet Line Published: 01:34 GMT, 1 December 2023 | Updated: 01:55 GMT, 1 December 2023 A Business minister yesterday revealed the Government is ‘very concerned’ about the impact of the tourist tax on companies. Kevin Hollinrake said Cabinet colleagues would ‘make our views known very strongly’ to the Treasury as it reviews whether to … Read more

Jeremy Hunt tells MPs it is time for business to focus on British talent as he signals the Treasury has dropped its opposition to tightening immigration controls

The Chancellor told MP’s it was time for a ‘big transition’ in recruiting workers   By Jason Groves and Harriet Line Published: 22:47 GMT, 29 November 2023 | Updated: 22:47 GMT, 29 November 2023 Jeremy Hunt last night signalled that the Treasury has dropped its opposition to tightening immigration controls – as he criticised firms for … Read more

The ‘tourist tax’ is blamed for fuelling a huge reduction in foreign holidaymakers’ spending in the UK compared to before the pandemic

Chancellor Jeremy Hunt said he would review demands to end the levy By David Churchill Published: 00:48 GMT, 24 November 2023 | Updated: 01:01 GMT, 24 November 2023 The controversial ‘tourist tax’ was yesterday blamed for fuelling a drop in foreign holidaymakers’ spending in Britain compared to pre-pandemic. A report by tourism agency VisitBritain found that … Read more

OBR warns house prices could fall almost 5% next year taking the average price of a home to £266,000 and won’t recover to their 2022 peak until 2027 – when average interest rates will be 5%

By David Wilcock, Deputy Political Editor For Mailonline Published: 17:15 GMT, 22 November 2023 | Updated: 17:15 GMT, 22 November 2023 Average house prices will fall by almost £25,000 next year and they are unlikely to recover to their 2022 high until 2027, experts warned today. The Office for Budget Responsibility (OBR) also said that … Read more

Jeremy Hunt is urged to slash stamp duty for households which improve their energy efficiency

By Harriet Line, Deputy Political Editor Published: 02:05 BST, 27 October 2023 | Updated: 07:16 BST, 27 October 2023 Jeremy Hunt is being urged to introduce a stamp duty rebate to reward households which improve their home’s energy efficiency. Under the ‘Rebate to Renovate’ policy, homeowners would benefit from the tax refund if they make … Read more

No10 hints state pension hike could be downgraded from 8.5% to save Treasury £900m – with benefits also in the firing line

By James Tapsfield, Political Editor For Mailonline Published: 14:31 BST, 18 October 2023 | Updated: 16:34 BST, 18 October 2023 No10 dropped a heavy hint today that the state pension rise could be downgraded – with benefits also in the firing line. The ‘triple lock’ mechanism would in theory push up the retirement payments by … Read more

OAPs in line for 8.5% rise in April under ‘triple lock’ after earnings figures are confirmed… but hike could still be downgraded to save Treasury £900m

OAPs in line for 8.5% rise in April under ‘triple lock’ after earnings figures are confirmed… but hike could still be downgraded to save Treasury £900m By James Tapsfield, Political Editor For Mailonline Published: 14:17 BST, 17 October 2023 | Updated: 17:18 BST, 17 October 2023 The state pension is in line for an 8.5 … Read more

Government borrowing hit an ‘eye-watering’ £21.5bn last month

Government borrowing hit an ‘eye-watering’ £21.5bn last month – the second highest ever – with Jeremy Hunt saying he is supporting families with cost of living despite soaring taxes By James Tapsfield, Political Editor For Mailonline Published: 08:10 BST, 25 April 2023 | Updated: 08:10 BST, 25 April 2023 Government borrowing hit £21.5billion last month … Read more

New figures show South East pays HALF of UK’s £173bn tax…and to face Chancellor’s stealth rises

Hammer blow for Middle England as new figures show that South East pays HALF of UK’s £173bn tax…and will be hit hard by Chancellor’s stealth rises Families in London and the South East are paying a combined £87 billion bill Nearly a million more in the region are to be forced into higher rates by … Read more

Small boost for Jeremy Hunt as UK’s economic health revised upwards by stats chiefs

Small boost for Jeremy Hunt as UK’s economic health revised upwards by stats chiefs confirming the UK avoided a recession last year  By David Wilcock, Deputy Political Editor For Mailonline Published: 08:10 BST, 31 March 2023 | Updated: 08:10 BST, 31 March 2023 Jeremy Hunt has been handed a minor economic boost as the the … Read more

Could Labour wreck Jeremy Hunt’s tax-free pension pot bonanza?

Jeremy Hunt‘s back-to-work pension overhaul could backfire and spark a rush to retirement, experts have warned. The Chancellor abolished the £1.07million lifetime cap on tax-free pension savings in the Budget, as well as increasing the maximum annual contribution from £40,000 to £60,000. The move is intended to stop senior NHS staff and others from retiring … Read more

HSBC buys failed lender Silicon Valley Bank UK

HSBC buys failed lender Silicon Valley Bank UK following government crisis talks after British tech firms were left on the brink by US bank collapse Customers of SVB UK will be able to access their deposits as normal from today  California-based parent company imploded and US regulators seized its assets By Mark Duell for MailOnline … Read more