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IMF says national insurance cuts were a bad idea but upgrades UK growth forecast

Sky News Tuesday, 21 May 2024
The International Monetary Fund (IMF) has said the UK economy is heading for a "soft landing" but reiterated its message to Jeremy Hunt that he should not have cut national insurance at the last two fiscal events.
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International Monetary Fund International Monetary Fund International financial institution

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Jeremy Hunt Jeremy Hunt Chancellor of the Exchequer since 2022

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Jeremy Hunt has admitted the Conservative Party are the "underdogs" in the upcoming general election and that winning it "is going to be very tough". Speaking at the Times CEO Summit in London, the chancellor added that he spent his entire first week as Liz Truss' chancellor "unpicking" the former prime minister's mini-budget. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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Jeremy Hunt: My constituency is on a knife edge [Video]

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Jeremy Hunt says he is "fighting for every vote" in his South West Surrey constituency, which has a notional majority of more than 10,000. The chancellor says he thinks he can win the seat but that it is "on a knife edge". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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Hunt: Inflation data shows difficult decisions have paid off [Video]

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Jeremy Hunt says the "difficult decisions" the Conservative Party has taken on the economy have "paid off", as inflation returns to the 2% target for the first time in almost three years. The chancellor adds, "that would not have happened under Labour" and that it would be a "terrible shame to turn the clock back" if Labour was to win the upcoming general election. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 02:09Published
Labour: Not the time for a victory lap or champagne [Video]

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Reacting to the fall in inflation to 2.3%, Labour’s Rachel Reeves says it “not the time for a victory lap and popping champagne corks” as “working families and pensioners are still worse off”. The shadow chancellor insists her party is "much more ambitious for the country than Rishi Sunak and Jeremy Hunt seem to be". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:15Published

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