All the updated news related to chancellor

All the news related to chancellor updated in real time

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Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high street lenders and the largest challenger ...

06 Oct 2022 at 09:33

Councils: Delay social care reforms as sector faces ‘perfect storm’ in next year

County councils in England say long-awaited social care reforms should be delayed due to the sector facing a “perfect storm” of staffing and financial pressures. Reforms to protect against unsustainable care costs and make more people eligible for ...

06 Oct 2022 at 09:16

Chancellor again declines to say if benefits will rise in line with inflation

The Chancellor has again declined to say whether benefits will be increased in line with inflation, as the Government U-turned on plans to cut the top rate of income tax for the highest earners. Kwasi Kwarteng said he is “not committed to any ...

03 Oct 2022 at 16:33

Northern Ireland

Murphy warns against Tory ‘return to austerity’ after tax U-turn

There must be no return to austerity measures by the Government, Stormont Finance Minister Conor Murphy has warned. Mr Murphy was responding following Chancellor Kwasi Kwarteng’s decision to abandon plans to abolish the top rate of income ...

03 Oct 2022 at 15:55

Chancellor under pressure to back benefits increase

Kwasi Kwarteng risks a fresh battle with Tory MPs over benefits funding after being forced into a humiliating U-turn on plans to cut tax for top earners in the face of a revolt by party grandees. The Chancellor said he is “not committed ...

03 Oct 2022 at 19:40

Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

The pound has slumped to its lowest level against the dollar since decimalisation in 1971, after the Chancellor hinted more tax cuts would follow those he announced last week. Sterling fell by more than 4% to just 1.0327 dollars in ...

26 Sept 2022 at 08:22

‘Only the very richest’ in Britain will see incomes grow, tax cut analysis says

The Chancellor’s huge package of personal tax cuts amid a cost-of-living crisis will do nothing to stop more than two million people falling below the poverty line, according to a think tank. Analysis of Kwasi Kwarteng’s fiscal ...

24 Sept 2022 at 06:00

Kwarteng faces massive market turmoil after disastrous day for sterling

Kwasi Kwarteng is contending with massive market turmoil sparked by his tax-cutting mini-budget as a disastrous day for the pound saw Labour take its biggest poll lead over Tories for more than 20 years. The pound steadied in ...

27 Sept 2022 at 08:44

Bank says it will ‘not hesitate’ to intervene over market turmoil

The Bank of England has said it “will not hesitate” to raise interest rates to prop up the value of sterling after a day of turmoil on the markets which saw the pound slump to its lowest level for at least half a century. ...

26 Sept 2022 at 19:27

Bank of England will change rates ‘as much as needed’ to control inflation

The Bank of England will change interest rates by “as much as needed” to get inflation back under control from current runaway levels, Governor Andrew Bailey said on Monday after a market rout sparked by the Government’s ...

26 Sept 2022 at 17:55

Kwarteng is ‘confident’ growth plan will work despite market turmoil

Chancellor Kwasi Kwarteng has said he is “confident” his tax-cutting strategy to drive economic growth will work despite the turmoil on the financial markets. In talks with City investors in the wake of Friday’s ...

27 Sept 2022 at 15:44

Chancellor to meet with City investors after budget sparks market chaos

Kwasi Kwarteng is meeting with City investors to discuss a package of deregulation as he contends with massive market turmoil sparked by his tax-cutting mini-budget. The Chancellor will meet with pension funds, ...

27 Sept 2022 at 11:24

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