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PM eyes £50 billion tax hikes and spending cuts amid ‘massive fiscal black hole’

Rishi Sunak and Chancellor Jeremy Hunt are considering up to £50 billion of spending cuts and tax rises as they confront a gaping financial black hole ahead of the autumn budget. The pair held a meeting on Thursday lasting more than an hour and ...

28 Oct 2022 at 10:48

Government’s growth agenda is in tatters, says ex-chancellor Lord Hammond

The Tory party has thrown away years of work to build its reputation for economic competence, a Conservative former chancellor has said. Lord Hammond said Liz Truss will have to return to a “more conventional economic policy”, but added that ...

14 Oct 2022 at 17:16

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