The Chancellor insists the UK's economic recovery is 'on track' but we’re not out of the woods yet, writes ITV News Economics Editor Joel Hills.
Can you at least rule out higher taxes in the autumn statement?' ITV News Economics Editor Joel Hills asks Jeremy Huntin the G7 last year, it has the highest rate of inflation in the G7 this year and we are forecast to have the highest rate of inflation in the G7 next year.
There will be further iterations to come but the chancellor is already indicating that the headroom he had to meet his self-imposed fiscal rules - of debt falling as a share of GDP in five years time - has vanished. Pushed to rule out tax rises next month, he added: “I couldn’t have made it clearer. I don't want taxes to go up.”
The IMF talks now of a “soft-landing” by which it means inflation can be brought under control without triggering a major downturn.'Not a laggard': IMF chief says UK has similar issues to European countries
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HMRC clashes with young investors over Isa rulesRow over holding fractional shares in tax-free accounts intensifies ahead of Autumn Statement
Read more »
Is This £12.99 Jersey Wrap Top The Answer To A Chic Autumn?If you're looking for the answer to an instantly chic autumn, H&M's long-sleeved jersey wrap top could be what you're looking for... Read more on Grazia.
Read more »
Moderna's updated COVID-19 vaccine for Autumn 2023 outperforms in cost and clinical impactModerna's updated mRNA-1273.815 COVID-19 vaccine shows promising results in reducing symptomatic cases, hospitalizations, and deaths in high-risk and older adults in Germany. The study finds the vaccine to be more cost-effective and clinically beneficial than both no vaccination and Pfizer's XBB.1.5 BNT162b2 vaccine.
Read more »
Mary Berry's bolognese pasta bake that takes less than 30 minutes to prepareThe warming dish is perfect for the colder autumn evenings.
Read more »
Shay Mitchell Now Has Super-Short Hair, and Her ‘Shag Chin Bob’ Is Perfect for AutumnIt's the first time Shay Mitchell has changed up her hairstyle since her Instagram fans convinced her to dye her hair red in 2022.
Read more »