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Autumn Statement
The Spring Statement of the British Government, also known as the "mini-budget", is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts, the second being the Autumn Statement presented later in the year. At 2016's autumn statement, it was announced the budget would move to the autumn, with a spring statement taking place the following year. Both usually involve speeches in the House of Commons by the Chancellor of the Exchequer. The Spring Statement for 2019 took place in March 2019. In 2020 the spring statement was upgraded to a full budget following cancellation of autumn 2019's budget. and additional statements were made in summer and autumn 2020. In 2021 the spring statement was also replaced by a full budget. History The duty to publish two annual economic forecasts was created by the Industry Act 1975, with the first such publication occurring in December 1976. The first Autumn Statement combined the announcement of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwasi Kwarteng
Akwasi Addo Alfred Kwarteng (born 26 May 1975) is a British politician who served as the Chancellor of the Exchequer from September to October 2022 under Liz Truss and the Secretary of State for Business, Energy and Industrial Strategy from 2021 to 2022 under Boris Johnson. A member of the Conservative Party, he was the Member of Parliament (MP) for Spelthorne in Surrey from 2010 to 2024. Kwarteng was born in London to Ghanaian immigrant parents and was educated at St Paul's Juniors, Eton College and the University of Cambridge where he was a student at Trinity College, Cambridge. He worked as a columnist for ''The Daily Telegraph'' and as a financial analyst before standing for election to the House of Commons of the United Kingdom, House of Commons. As a backbencher, Kwarteng co-authored a number of papers and books, including ''After the Coalition'' (2011) and ''Britannia Unchained'' (2012). In November 2018, Kwarteng was appointed Parliamentary Under-Secretary of State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denis Healey
Denis Winston Healey, Baron Healey (30 August 1917 – 3 October 2015) was a British Labour Party politician who served as Chancellor of the Exchequer from 1974 to 1979 and as Secretary of State for Defence from 1964 to 1970; he remains the longest-serving Defence Secretary to date. He was a Member of Parliament from 1952 to 1992, and was Deputy Leader of the Labour Party from 1980 to 1983. To the public at large, Healey became well known for his bushy eyebrows, his avuncular manner and his creative turns of phrase. Healey attended the University of Oxford and served as a Major in the Second World War. He was later an agent for the Information Research Department (IRD), a secret branch of the Foreign Office dedicated to spreading anti-communist propaganda during the early Cold War. Healey was first elected to Parliament in a by-election in 1952 for the seat of Leeds South East. He moved to the seat of Leeds East at the 1955 election, which he represented until his retireme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
March 2025 United Kingdom Spring Statement
A spring budget statement was delivered to the House of Commons by Rachel Reeves, the Chancellor of the Exchequer, on 26 March 2025. Background The 2024 general election resulted in a Labour landslide. Rachel Reeves presented her first budget as Chancellor in October 2024. Subsequently, economic growth was less than expected and government bond yields and inflation rose. The spring statement was expected to focus on public finances, economic growth and the cost of living crisis. The proposed spending cuts were presented to the Office for Budget Responsibility (OBR) on 5 March. On 8 March, ITV News reported that large cuts would be in the statement. Keir Starmer said that he would be "ruthless" in cutting benefits on a visit to Ukraine. These cuts are intended to allow increased defence spending. The Chancellor ruled out further tax rises. Ministers have made the "moral case" for reform. Billions of pounds in welfare cuts were predicted. The government had described this as "r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rachel Reeves
Rachel Jane Reeves (born 13 February 1979) is a British politician who has served as Chancellor of the Exchequer since July 2024. A member of the Labour Party, she has been Member of Parliament (MP) for Leeds West and Pudsey, formerly Leeds West, since 2010. She previously held various shadow ministerial and shadow cabinet portfolios between 2010 and 2015 and from 2020 to 2024. Born in Lewisham, Reeves attended Cator Park School for Girls. She studied PPE at the University of Oxford before obtaining a master's degree in economics from the London School of Economics. She joined the Labour Party at the age of sixteen, and later worked in the Bank of England. After two unsuccessful attempts to be elected to the House of Commons, she was elected as the MP for the seat of Leeds West at the 2010 general election. She endorsed Ed Miliband in the 2010 Labour leadership election and joined his frontbench in October 2010 as Shadow Pensions Minister. She was promoted to the shado ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
November 2023 United Kingdom Autumn Statement
The November 2023 United Kingdom autumn statement was outlined to the House of Commons on 22 November 2023 by Chancellor of the Exchequer Jeremy Hunt. The statement, Hunt's second as Chancellor, came at a time when the governing Conservative Party was trailing in the opinion polls, with the Labour Party experiencing a double-digit lead, and was his last autumn statement before the next general election. Hunt was under pressure to cut taxes from those on the right of his party, but the Office for Budget Responsibility (OBR) had forecast that the UK economy would grow much more slowly over the coming two years than had previously been predicted. Inflation would not meet the 2% target forecast for 2024. However, Hunt told the House that because the economy had "turned a corner" there would be some scope for tax cuts, and he described his statement as setting out 110 measures for growth. Measures announced in the statement included reducing the amount of National Insurance contrib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
November 2022 United Kingdom Autumn Statement
The November 2022 United Kingdom autumn statement was delivered to the House of Commons on 17 November 2022 by Chancellor of the Exchequer Jeremy Hunt, after being delayed by three weeks from its original scheduled date of 31 October. The budget addressed the ongoing cost of living crisis, and saw the announcement of a five-year package of tax increases and spending cuts designed to steer the UK through recession. An economic forecast published on the same day by the Office for Budget Responsibility (OBR) stated the UK had entered a recession after experiencing two quarters of a shrinking economy, and predicted the UK's economy would shrink during 2023. A reduction in households' disposable income was also forecast. In his statement, Hunt committed to maintaining scheduled public spending plans until 2025, but said that spending would slow after then. He also lowered the threshold at which earners become eligible to pay the top rate of income tax, and announced an increase in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Hunt
Sir Jeremy Richard Streynsham Hunt (born 1 November 1966) is a British politician who served as Chancellor of the Exchequer from 2022 to 2024 and Foreign Secretary from 2018 to 2019, having previously served as Secretary of State for Health and Social Care from 2012 to 2018 and as Secretary of State for Culture, Olympics, Media and Sport from 2010 to 2012. A member of the Conservative Party, he has been the Member of Parliament for Godalming and Ash, formerly South West Surrey, since 2005. Hunt also served as Shadow Chancellor of the Exchequer in the Shadow Cabinet of Rishi Sunak from July to November 2024. The son of an Admiral of the Royal Navy, Hunt was born in Kennington and studied philosophy, politics and economics at Magdalen College, Oxford, where he was President of the Oxford University Conservative Association. He was first elected to the House of Commons in 2005 and was promoted to the Shadow Cabinet as Shadow Minister for Disabled People and later as Sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 2022 United Kingdom Mini-budget
September is the ninth month of the year in the Julian and Gregorian calendars. Its length is 30 days. September in the Northern Hemisphere and March in the Southern Hemisphere are seasonally equivalent. In the Northern hemisphere, the beginning of the meteorological autumn is on 1 September. In the Southern hemisphere, the beginning of the meteorological spring is on 1 September. September marks the beginning of the ecclesiastical year in the Eastern Orthodox Church. It is the start of the academic year in many countries of the northern hemisphere, in which children go back to school after the summer break, sometimes on the first day of the month. Some Libras and Virgos are born in September, with Virgos being born on September 1st through September 22nd and Libras September 23rd through September 30. September (from Latin ''septem'', "seven") was originally the seventh month in the oldest known Roman calendar, the calendar of Romulus , with March being (Latin '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rishi Sunak
Rishi Sunak (born 12 May 1980) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party from 2022 to 2024. Following his defeat to Keir Starmer's Labour Party (United Kingdom), Labour Party in the 2024 United Kingdom general election, 2024 general election, he became Leader of the Opposition (United Kingdom), Leader of the Opposition, serving in this role from July to November 2024. He previously held two Cabinet of the United Kingdom, Cabinet positions under Boris Johnson, latterly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (United Kingdom), Member of Parliament (MP) for Richmond and Northallerton, previously Richmond (Yorks), since 2015. Sunak was born in Southampton to parents of Indian descent who immigrated to Britain from East Africa in the 1960s. He was educated at Winchester College, studied philosophy, politics and economics at Linc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alistair Darling
Alistair Maclean Darling, Baron Darling of Roulanish, (28 November 1953 – 30 November 2023) was a British politician who served as Chancellor of the Exchequer under prime minister Gordon Brown from 2007 to 2010. A member of the Labour Party (UK), Labour Party, he was a Member of Parliament (United Kingdom), member of Parliament (MP) from 1987 to 2015, representing Edinburgh Central (UK Parliament constituency), Edinburgh Central and Edinburgh South West. Darling was first appointed chief secretary to the Treasury by prime minister Tony Blair in 1997, and was promoted to secretary of state for work and pensions in 1998. After spending four years at that department, he spent a further four years as secretary of state for transport, while also becoming secretary of state for Scotland in 2003. Blair moved Darling for a final time 2006 British cabinet reshuffle, in 2006, making him president of the Board of Trade and secretary of state for trade and industry. After Brown succeede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norman Lamont, Baron Lamont Of Lerwick
Norman Stewart Hughson Lamont, Baron Lamont of Lerwick, (born 8 May 1942) is a British politician and former Conservative MP for Kingston-upon-Thames. He served as Chancellor of the Exchequer from 1990 until 1993. He was created a life peer in 1998. Lamont was a supporter of the Eurosceptic organisation Leave Means Leave. Early life Norman Stewart Hughson Lamont was born in Lerwick, in the Shetland Islands, on 8 May 1942, where his father Daniel Lamont OBE was the islands' surgeon. In 1953, he moved south with his parents to Grimsby, Lincolnshire, after his father took up a position at Scartho Road Infirmary. He was privately educated at Loretto School, Musselburgh, Scotland, and read economics at Fitzwilliam College, Cambridge, where he was Chairman of the Cambridge University Conservative Association and President of the Cambridge Union Society in 1964. Corporate career Before entering Parliament, Lamont worked for N M Rothschild & Sons, the investment bank, and became dire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
