Hints and tips:
...Fiscal headroom is the margin Hunt has against his rule of cutting public debt year-on-year as a share of GDP in five years’ time....
...Jeremy Hunt, chancellor, said the figures were “a welcome sign that the economy is turning a corner, and we can build on this progress if we stick to our plan”....
...This article has been amended to clarify details of Jeremy Hunt’s public spending plans and potential options for change....
...That poses a potential problem for Hunt and Sunak, who hoped the BoE would start cutting interest rates well before a general election, widely expected in the autumn....
...Gilt yields nudged lower ahead of the announcement and declined as Hunt spoke with two-year yields down 0.04 percentage points on the day to 4.51 per cent, the lowest level since June....
...Banks are expecting the UK to ramp up its borrowing plans in the new financial year as chancellor Jeremy Hunt prepares to announce tax cuts while Britain faces a surge in the number of existing gilts in...
...Mary-Therese Barton, chief investment officer for fixed income at Pictet Asset Management, said she expected a continued convergence of eurozone borrowing costs this year owing to the “collectivity of risk...
...“The plan is working,” said chancellor Jeremy Hunt. “Inflation has not just fallen decisively but is forecast to hit the 2 per cent target within months.”...
...The figures will be a boost for chancellor Jeremy Hunt as he finalises what could be the last Budget statement before a general election expected this year....
...On Wednesday, chancellor Jeremy Hunt is expected to announce plans for record bond issuance, net of Bank of England sales and purchases, in the fiscal year starting in April....
...The DMO will announce its 2024-25 issuance plans on March 6, after chancellor Jeremy Hunt presents his annual budget....
...The hunt to find more assets to meet margin requirements comes after updated regulatory guidance to defined-benefit pension schemes using LDI outlined a minimum “market stress” buffer to withstand a 2.5...
...It was also because quarterly transfers between the Treasury and the central bank — the mechanism by which the government indemnifies the BoE against losses — affect chancellor Jeremy Hunt’s ability to hit...
...Hunt was under pressure to project fiscal credibility to markets while also delivering tax cuts ahead of an election next year....
...Gilts sold off this morning pushing yields higher ahead of chancellor Jeremy Hunt’s Autumn Statement, when investors will pay close attention to the government’s spending and borrowing plans....
...Chancellor Jeremy Hunt said: “As we have seen in the US, France and Germany, inflation does not fall in a straight line, but our plan is working and we should stick to it.”...
...The BoE signalled Hunt’s decisions had not made a big difference to its inflation outlook....
...The change will be a “relief to many parents, especially lone mothers, who are currently losing out on what should be a universal benefit for children”, said Mary-Ann Stephenson, director at the Women’s...
...Mike Riddell, a bond fund manager at Allianz Global Investors, said the recent underperformance of long-dated gilts relative to other markets since chancellor Jeremy Hunt’s Autumn Statement last year signalled...
...BAT’s Vuse vaping product has faced stiff competition from Chinese-owned brands Elf Bar and Lost Mary in drawing UK vapers....
...Government insiders said Jeremy Hunt, chancellor, may still use the 6.7 per cent reference figure, not least because recent forecasts for the public finances have been more positive....
...Reporting by: Emma Agyemang, Josephine Cumbo, Mary McDougall, Rafe Uddin and Arjun Neil Alim...
...young people that they are living in a gerontocracy where they have been locked out of social mobility that their parents and grandparents felt entitled to,” said Tim Bale, professor of politics at Queen Mary...
...Jeremy Hunt, UK chancellor, said: “As we have seen across other G7 countries, inflation rarely falls in a straight line, but if we stick to our plan then we still expect it to keep falling this year.”...
...Additional reporting by Mary McDougall...
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