Author: News Desk

Jeremy Hunt says tax cuts unlikely this year as interest rates hiked to control higher than expected inflation The i says Jeremy Hunt believes tax cuts this year remain unlikely because they could make it harder to control inflation after the Bank of England voted to raise interest rates again. The Chancellor privately warned that the persistence of high prices will make it harder for him to offer tax cuts or public spending increases in future. Another minister told i that Rishi Sunak “needs rates to come down” in the next year in order to convince voters that the economy…

Read More

Today’s news summary – Paper Talk There’s a variety of stories on the front pages this Friday, however, the Bank of England’s boss Andrew Bailey’s comments that he was “more optimistic” about the UK economy makes several leads.  Following the Bank of England governor’s more optimistic outlook for the UK economy, the Daily Express proclaims “Here’s Hoping!”, despite a recent interest rate hike to combat inflation. While acknowledging that tough times may still lie ahead, the paper sees the Bank’s assessment as a sign that better times are fast approaching. The Financial Times reports that the interest rate increase was…

Read More