Jeremy Hunt has been warned he is ‘barking up the wrong tree’ with attempts to lure people who have retired early back to work to help boost the economy. The Chancellor is expected to use his Budget next month to unveil measures designed to get more than half a million ‘economically inactive’ people to return … Read more
It has long been a destination for fashionistas seeking out the luxury bags beloved by the Princess of Wales and A-list stars. But now the gleaming Mulberry store on Bond Street is to close its doors for good – a victim of the ‘tourist tax’ which means international visitors can no longer claim back 20 … Read more
Paris, Rome and Berlin can’t believe their luck! When Britain should be seizing the opportunities of Brexit, scrapping tax-free shopping for international tourists is a spectacular own goal, writes SIR ROCCO FORTE By Sir Rocco Forte For The Mail On Sunday Published: 01:03 GMT, 12 February 2023 | Updated: 01:13 GMT, 12 February 2023 What … Read more
Chancellor Jeremy Hunt is said to be pushing for the state pension age to rise to 68 by 2035 – potentially affecting around 10million people currently between 45 and 55.
Tens of thousands of middle-class families face an effective tax rate of up to 96 per cent next year as they lose both Universal Credit and child benefit on earnings over £50,000. Analysis highlighted that the freeze in the thresholds for withdrawing the key benefits is creating a ‘mess’ that punishes those on relatively moderate … Read more
Chancellor Jeremy Hunt confirms he will hold his first proper Budget on March 15 next year as new figures suggest recession will shrink the economy by 1.3% in 2023 The Chancellor presented Autumn Statement last month to calm economy The UK economy is on track to shrink by 1.3 per cent in 2023 amid a … Read more
Thousands of parents will get £35 to spend at supermarkets – how to find out if YOU are owed the cash Thousands of parents will be able to receive £35 vouchers to spend at the shops It comes as part of the Household Support Fund handed out to local authorities Councils have been given part … Read more
Peer brands tourist tax ‘mad’ and says axeing VAT-free shoppers is driving visitors away Baroness Wheatcroft called for return of VAT-free shopping for overseas tourists The former Tory peer said it is ‘mad’ to deter people from coming to the UK Chancellor Jeremy Hunt reversed VAT-free plan claiming it saves £2billion a year By Archie Mitchell … Read more
Post-Brexit ‘big bang’ for the City: Chancellor Jeremy Hunt unveils plan to slash EU red tape and loosen credit crunch capital rules to unlock £100bn of investment Chancellor Jeremy Hunt has unveiled measures to boost the UK financial sector ‘Edinburgh reforms’ will cut EU red tape and loosen some credit crunch era rules Mr Hunt … Read more
Rishi Sunak and Jeremy Hunt haemorrhage support among Tory grassroots with PM and Chancellor now among the LEAST popular members of the Cabinet after tax-raising Autumn Statement hammered the public PM has slumped to sixth from bottom in November’s tally of Tory members Chancellor is the only senior Cabinet minister with a negative net ranking at … Read more
Drop-off in high-spending tourists is wreaking havoc’: Rishi Sunak and Jeremy Hunt face a growing rebellion over the scrapping of VAT-free shopping for foreign tourists Sir Iain Duncan Smith called for the Government to reinstate the policy Tory MP Julian Knight warned Paris had ‘stolen a march’ on London Knight said a drop-off in high-spending tourists … Read more
Jeremy Hunt today denied briefing that the UK wants ‘Swiss-style’ ties with the EU after a furious backlash from Tory MPs. The Chancellor insisted he had not ‘set hares running’ and did not support ‘compromising’ on free movement, accepting Brussels rules or paying into the bloc’s coffers. However, he seemed to acknowledge that he might … Read more
Jeremy Hunt wore TWO watches as he delivered the Autumn Statement — with one costing £4,450 and the other flashing diary reminders Chancellor Jeremy Hunt delivered a doom-laden Budget on Thursday afternoon But Mr Hunt appeared to have an IWC Schauffhausen strapped to his left arm He was thought to be wearing luxury Swiss brand’s … Read more