Author: News Desk

Three surprise announcements in the Budget – and it’s good news for hard-up households The Sun says BIG policy changes were revealed in the Chancellor’s Spring Statement speech, but a few were a little unexpected. The paper has gone through the documents by the Treasury to see what changes were hidden in the small print. The Spring Statement included an extension of the Energy Price Guarantee which will help millions of households to save £160 on their energy bills. Parents will be £480 a year better off as strict rules on staff-to-children ratios in nurseries has been relaxed. Plus drivers…

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Was it a brave and bold Budget? Not sure, but it could have been a lot worse The Daily Express view on the Budget Was it a brave and bold Budget? Not sure, but it could have been a lot worse Express says The Chancellor had two tasks in mind when stood up to deliver his first proper Budget, getting inflation down and growth up, says Ed Monk, Associate Director at Personal Investing, Fidelity International. The good news on inflation is that households should look forward to price rises running below 3 percent by the end of the year, down…

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The Guardian view on a Tory budget: austerity by another name The Guardian says Jeremy Hunt’s budget speech was revealing not for what he said but for what he did not say. Missing from his peroration was that household income will fall by the largest amount over the next two years since records began. Or that house prices will fall by a tenth. The chancellor skated over these figures to paint a rosy picture of a nation that, since 2010, has been the envy of the developed world. With the economy shrinking this year, voters are entitled to ask what…

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Budget 2023: UK faces ‘disastrous decade’ for living standards as households set to be £4,200 poorer The Independent says Britain faces a “disastrous decade” for living standards and high taxes following changes made in Jeremy Hunt’s Budget, a leading economic think tank has warned. The Resolution Foundation said typical household disposable incomes on track to remain lower by the end of the 2027-28 than they were before the Covid crisis. The think tank also taxes as a share of GDP are on track to hit a 70-year high of 37.7 per cent by then – equivalent to nearly an extra…

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The UK Spring Budget 2023 – the newspaper react   The highly-anticipated Spring Budget – the first of this year, and the first under Chancellor Jeremy Hunt, was released on Wednesday. It is marked as significant due to the last Budget released – under then-PM Liz Truss, spooked the markets, caused the pound to crash and led to an unprecedented intervention from the Bank of England. The disastrous mini-Budget under Truss led to the sacking of then Chancellor Kwasi Kwarteng and started the downfall of Liz Truss’s premiership.  A lot of details in the Budget had already been leaked to…

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