Jeremy Hunt

Politician

Jeremy Hunt was born in London on November 1st, 1966 and is the Politician. At the age of 57, Jeremy Hunt biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

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Date of Birth
November 1, 1966
Nationality
United Kingdom
Place of Birth
London
Age
57 years old
Zodiac Sign
Scorpio
Profession
Politician
Social Media
Jeremy Hunt Height, Weight, Eye Color and Hair Color

At 57 years old, Jeremy Hunt physical status not available right now. We will update Jeremy Hunt's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
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Hair Color
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Jeremy Hunt Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
Magdalen College, Oxford (BA)
Jeremy Hunt Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Lucia Guo ​(m. 2009)​
Children
3
Dating / Affair
Not Available
Parents
Nicholas Hunt (father), Meriel Hunt (mother)
Jeremy Hunt Career

After university, Hunt worked for two years as a management consultant at OC&C Strategy Consultants, and then became an English language teacher in Japan. On his return to Britain, he tried his hand at a number of different entrepreneurial business ventures, with three failed start-ups including an attempt to export marmalade to Japan. In 1991, Hunt co-founded a public relations agency named Profile PR specialising in IT with Mike Elms, a childhood friend. Hunt and Elms later sold their interest in Profile PR to concentrate on directory publishing.

Hunt had been interested in creating a 'guide to help people who want to study rather than just travel abroad' and, together with Elms, founded a company known as Hotcourses in the 1990s, a major client of which is the British Council. Hunt stood down as director of the company in 2009; however, he still retained 48% of the shares in the company, which were held in a blind trust before Hotcourses was sold in January 2017 for over £30 million to Australian education organisation IDP Education. He personally gained over £14 million from the sale and in doing so became the richest member of Theresa May's Cabinet.

Political career

In the 2005 general election, Hunt was elected to represent the constituency of South West Surrey with a majority of 5,711.

After supporting David Cameron's bid for leadership of the Conservative Party, he was appointed Shadow Minister for Disabled People in December 2005. In the same year, he was a co-author of a policy pamphlet Direct Democracy: An Agenda For A New Model Party which included statements supporting denationalising the NHS and suggested replacing it with "a new system of health provision in which people would pay money into personal health accounts, which they could then use to shop around for care from public and private providers. Those who could not afford to save enough would be funded by the state". Hunt later denied that the policy pamphlet expresses his views. In David Cameron's reshuffle of 2 July 2007, Hunt joined the Shadow Cabinet as Shadow Secretary of State for Culture, Media and Sport.

In 2009, Hunt was investigated by the Parliamentary Commissioner for Standards. The commissioner found: "Mr Hunt was in breach of the rules in not reducing his claims on the Additional Costs Allowance in that period to take full account of his agent's living costs. As a result, public funds provided a benefit to the constituency agent ... Mr Hunt received no real financial benefit from the arrangement and that the error was caused by his misinterpretation of the rules."

Hunt's offer to repay half the money (£9,558.50) was accepted. Hunt repaid £1,996 for claiming the expenses of his Farnham home while claiming the mortgage of his Hammersmith home. The commissioner said: "Mr Hunt has readily accepted that he was in error, and in breach of the rules of the House, in making a claim for utilities and other services on his Farnham home in the period during which it was still his main home. He has repaid the sum claimed, £1,996, in full. It is clear that, as a new Member in May 2005, his office arrangements were at best disorganised." The Legg Report showed no other issues.

When the Conservatives and the Liberal Democrats formed a coalition following the 2010 general election, Hunt was appointed Secretary of State for Culture, Olympics, Media and Sport (combining the roles of leading the Department for Culture, Media and Sport with that of Minister for the Olympics). He was consequently appointed a Privy Councillor on 13 May 2010.

In June 2010, Hunt attracted controversy for suggesting football hooliganism played a part in the death of 96 football fans in the Hillsborough disaster; when it has been established that a lack of police control and the presence of terraces and perimeter fences were the causes of the tragedy. Hunt later apologised.

In September 2010, The Observer reported "raised eyebrows" when Hunt's former parliamentary assistant, Naomi Gummer, was given a job within the Department for Culture, Media and Sport on a fixed-term civil service contract after Hunt had proposed departmental cuts of 35–50 per cent. The head of the Public and Commercial Services Union questioned Hunt's motives saying, "Political independence of the civil service is a fundamental part of our democracy and we would be deeply concerned if this was being put at risk by nepotism and privilege." Gummer is the daughter of a Conservative life peer, Lord Chadlington, who was a director of Hotcourses between 2000 and 2004.

As Culture Secretary, Hunt devised and championed a plan to give Britain the fastest broadband speeds in Europe. There was initial scepticism about his plans with concerns they could lead to BT regaining its monopoly. He also spearheaded the drive for local TV and as a result of this policy Ofcom awarded local television licences to Belfast, Birmingham, Brighton & Hove, Bristol, Cardiff, Edinburgh, Glasgow, Grimsby, Leeds, Liverpool, London, Manchester, Newcastle, Norwich, Nottingham, Oxford, Plymouth, Preston, Sheffield, Southampton, and Swansea. In terms of culture policy, his main focus was to boost philanthropy given the spending cuts that the arts along with other sectors was experiencing. Changes were made to the inheritance tax - including measures to encourage private gifts to the arts.

During Hunt's tenure, competition and policy issues relating to media and telecommunications became the responsibility of the Culture Secretary; they were removed from the purview of the Business Secretary, Vince Cable, after Cable was recorded stating that he had "declared war" on Rupert Murdoch.

In April 2012, The Daily Telegraph disclosed that Hunt had reduced his tax bill by over £100,000 by receiving dividends from Hotcourses in the form of property which was promptly leased back to the company. The dividend in specie was paid just before a 10% rise in dividend tax and Hunt was not required to pay stamp duty on the property.

Hunt was given the quasi-judicial power to adjudicate over the News Corporation takeover bid for BSkyB. Hunt chose not to refer the deal to the Competition Commission, announcing on 3 March 2011 that he intended to accept a series of undertakings given by News Corporation, paving the way for the deal to be approved. Following a series of scandals concerning phone hacking, a House of Commons motion was planned that called on News Corporation to abandon the bid. The bid was eventually dropped. Hunt was alleged to have had improper contact with News Corp. Emails released to the Leveson Inquiry detailed contacts between Hunt's special advisor Adam Smith and Frédéric Michel, News Corp's director of public affairs and therefore a lobbyist for James Murdoch. The revelations led to calls from the Labour opposition and others for Hunt's resignation. Smith, Hunt's special adviser, resigned on 25 April shortly before Hunt made an emergency parliamentary statement in which he said that Smith's contact with Michel was "clearly not appropriate". Hunt said Lord Justice Leveson should be able to investigate and rule on the accusations and requested the earliest date possible to give evidence to the Inquiry to set out his side of the story.

Hunt appeared before the Leveson Inquiry on 31 May 2012, when it emerged that Hunt had himself been in text and private email contact with James Murdoch. Journalist Iain Martin claimed that at a 2010 event held at UCL which Murdoch attended he saw Hunt hide behind a tree to avoid being seen by journalists. Hunt later told the Leveson Inquiry that "I thought, this is not the time to have an impromptu interview, so I moved to a different part of the quadrangle... there may or may not have been trees!"

Lord Justice Leveson cleared Hunt of bias when the report was published, stating that "in some respects, there was much to commend in Mr Hunt's handling of the bid". He concluded: "What was not evident from the close consideration of events which the Inquiry undertook was any credible evidence of actual bias on the part of Mr Hunt. Whatever he had said, both publicly and in private, about News Corp or the Murdochs, as soon as he was given the responsibility for dealing with the bid the evidence demonstrates a real desire on his part to get it right. His actions as a decision maker were frequently adverse to News Corp's interests. He showed a willingness to follow Ofcom's advice and to take action, to the extent recommended by the regulators, in response to the consultation."

As Culture Secretary, Hunt was the government minister responsible for the 2012 London Olympics and 2012 London Paralympics. When it transpired that contractors G4S could not provide enough security staff for the Games, Hunt announced that soldiers would be drafted in and that he had been forced to "think again" about the default use of private contractors. Hunt took the decision to double the budget for the Danny Boyle-directed opening ceremony which received acclaim, and overall the Games were considered a huge success internationally. According to Danny Boyle, the artistic director for the opening ceremony, the Government initially suggested removing the section of the opening ceremony about the NHS, although Hunt denied this.

The Games received widespread acclaim for their organisation, with the volunteers, the British military and public enthusiasm praised particularly highly. In the aftermath, Hunt set up the school games as an Olympic Legacy project. Although there was criticism at the time of cuts in the school sports budget, 11,953 schools took part in the School Games in the first year. Hunt also campaigned to increase the emphasis on the importance of the tourism industry, especially the potential of the Chinese tourist market.

Hunt was appointed Secretary of State for Health in the 2012 cabinet reshuffle, succeeding Andrew Lansley. During his tenure, Hunt pursued an ambitious agenda to address patient safety, regional variations in premature deaths, health tourism and A&E waiting times. He oversaw increased spending on the NHS but was criticised for controversial reforms, manipulating figures and increased privatisation. In a major break from a policy previously favoured by Conservative and Labour governments, Hunt declared patient choice was not key to improving NHS performance. He also defended the universal coverage provided by the NHS, including against US President Donald Trump. He has supported reducing the abortion limit from 24 weeks to 12 weeks and homoeopathy if recommended to patients by a doctor.

In 2012, Hunt attempted to downgrade casualty and maternity units in Lewisham. Hunt stated the cuts were necessary because neighbouring South London Healthcare NHS Trust had been losing more than £1m every week. But a campaign led by GP Dr Louise Irvine defeated Hunt in court in 2012 on this issue, with the judge ruling that Hunt acted outside his powers when he announced casualty and maternity units at Lewisham Hospital would be downgraded.

In March 2014, Hunt announced that the Government would not give a recommended 1% pay rise to NHS non-medical staff receiving progression pay (around 55% of total non-medical staff). Following a pre-election report in April 2015 that hospital chiefs shared an average 6% pay rise totalling £35 million, Hunt promised to investigate if the Conservatives won the election.

In July 2015, Hunt became the subject of the first petition on a new UK Government website to reach the threshold of 100,000 signatures required for a petition to be considered for debate in Parliament. The petition called for a debate on a vote of "No Confidence" in Hunt as Health Secretary, and ultimately recorded 222,991 signatures leading to a debate on the motion being scheduled in September 2015. However, the Petitions Committee would not have had the power to initiate a vote of no confidence so instead debated the contracts and conditions of NHS staff.

In December 2015, an undercover Daily Telegraph investigation showed that in some cases locum agencies, Medicare and Team24 owned by Capita were charging some hospitals higher fees than others and giving false company details. The agencies were charging up to 49% of the fee. Hunt criticised those who sought "big profits" at the expense of the NHS and taxpayers and promised to "reduce the margins rip-off agencies are able to generate."

Hunt became the longest-serving Health Secretary in British political history on 3 June 2018.

Hunt supported Britain remaining in the European Union (EU) in the 2016 referendum. After the result which supported Brexit was announced, Hunt suggested a second referendum on the terms of any exit deal with him personally backing one in which the UK would stay in the Single Market.

In 2016, Hunt called for a reduction in the number of foreign doctors working in the NHS after the UK left the EU. At the Conservative Party Conference later in the month, Hunt pledged, by 2025, the NHS would be "self-sufficient in doctors". He announced an increase of up to 1,500 extra places at medical schools in the UK in 2018, partly funded by an increase in international medical student fees. Hunt also stated UK medical students would be forced to work in the NHS for at least four years or have to repay the cost of their training, around £220,000.

In 2017, Hunt stated he supported Brexit, citing the "arrogance of the EU Commission" in responding to the UK Government in the Brexit negotiations.

In April 2018, The Daily Telegraph revealed that Hunt breached anti-money laundering legislation by failing to declare his 50 per cent interest in a property firm to Companies House within the required 28 days. Hunt also failed to disclose his interest in the property firm on the Parliamentary Register of Members’ interests within the required 28 days. Hunt later rectified the error. A spokesman for Hunt said that Hunt's "accountant made an error in the Companies House filing, which was a genuine oversight." In response, a spokesman for Downing Street agreed with the Cabinet Office that there was no breach of the ministerial code. The Labour Party referred Hunt to the parliamentary commissioner for standards.

In July 2015, Hunt indicated he would be prepared to impose a new consultant contract on doctors in England which would remove the opt out for non-emergency work at weekends to prevent "about 6,000 avoidable deaths" resulting from "Monday to Friday culture" in the NHS and to reintroduce "a sense of vocation" in consultants. The comments angered doctors who responded by sharing photographs of themselves working at weekends via social media using the hashtag #ImInWorkJeremy. Hunt was criticised by statisticians David Spiegelhalter and David Craven, BMA council chair Mark Porter and Shadow Health Secretary Heidi Alexander for his claims not merely misrepresenting the facts but potentially causing patients to delay hospitals visits and put themselves at risk. His critics described the Hunt Effect where patients who needed medical attention at a weekend had been deterred from doing so because they were persuaded it would be better to wait until a Monday.

In October 2015, Hunt was accused by the editor of The BMJ Fiona Godlee of repeatedly misrepresenting a study published in the journal on the weekend effect. He had used the study as evidence when stating reduced staffing levels of doctors at weekends directly led to 11,000 excess deaths. Godlee asserted the study's authors did not specify the excess deaths were avoidable or staffing levels were the cause. The lead author of the study Nick Freemantle stated they did not identify a cause for excess deaths or establish the extent to which they were avoidable. Co-author NHS Medical Director Bruce Keogh in response to Hunt's comments in October stated "It is not possible to ascertain the extent to which these excess deaths may be preventable".

In January 2016, Hunt was criticised by stroke doctors for using out-of-date data to show stroke patients were more likely to die if admitted at weekends. They wrote there had been significant improvements since 2004–12, when Hunt's data came from, and new data showed there was "no longer any excess of hospital deaths in patients with stroke admitted at the weekend." Stroke specialist David Curtis said even the outdated statistics did not support Hunt's claims. In February, a leaked internal report by the Department of Health stated the department was unable to prove a link between increased consultant presence, availability of diagnostic tests, and reducing weekend mortality and length of stay. It highlighted the seven-day NHS could cost an additional £900 million each year, required the recruitment of 11,000 more staff including 4,000 doctors and 3,000 nurses, and community and social services could struggle to handle more discharges at the weekend.

In May 2016, another study also concluded there was no evidence people were more likely to die in hospitals at the weekend. In August, internal Department of Health risk management documents were leaked. They described 13 major risks in delivering the "truly seven-day NHS" pledge promised by the Conservatives prior to the 2015 general election. These included a lack of staff and funding for the policy. The documents also stated no advance impact assessments had been made to show how the policy would affect the delivery of NHS services. Chief executive of NHS Providers Chris Hopson described the seven-day NHS plan as "impossible to deliver" due to a lack of funding and staffing. He also highlighted pressures on the NHS with 80% of acute hospitals in England in financial deficit compared to 5% in 2013 and an increase of missed A&E waiting time targets from 10% to 90% in the same time period. In May 2016, a report by the House of Commons public accounts committee criticised Hunt's plan for a seven-day NHS, saying "no coherent attempt" had made to understand staffing needs, the plan was "completely uncosted", and contained "serious flaws".

Under Hunt, the Department of Health announced a new junior doctors' contract in England which would increase doctors' basic pay but extend "normal hours" for which they would not be paid a premium. In September 2015, the British Medical Association (BMA) said they would not re-enter negotiations unless Hunt dropped his threat to impose the contract and balloted their members for industrial action. They argued the contract would include an increase in working hours with a relative pay cut of up to 40%. Hunt tried reassuring the BMA no junior doctor would face a pay cut, before admitting those who worked longer than 56 hours a week would face a fall in pay but said working these long hours was unsafe. In November 2015, he said he would offer a basic pay increase of 11%, but still removing compensation for longer hours.

On 19 November 2015, the result of a BMA strike ballot was announced, with 98% voting for full strike action. An agreement was not reached by the junior doctors committee's deadline, so the BMA announced a strike would go ahead.

The first day of strike action was in January 2016 and involved junior doctors only providing emergency care. A second day of strike action occurred in February 2016 where doctors again provided only emergency care. Following these strikes, Hunt announced he would unilaterally impose the new contract without agreement or further negotiation, with NHS trusts instructed to introduce it in August. In response, the BMA announced three 48-hour long strikes and issued a legal challenge over the contract.

Further talks after the strikes resulted in an agreement to be put to a referendum. In the July referendum, 58% of BMA members rejected the offer. Following this, Hunt rejected holding any further talks with the BMA and announced the imposition of the new contract on junior doctors starting from October.

In February 2016, Hunt was polled as the "most disliked" frontline British politician. He acknowledged there would be "considerable dismay" and announced an urgent inquiry led by Academy of Medical Royal Colleges chair Susan Bailey into junior doctors' morale and welfare. The Academy Trainee Doctors' Group voted unanimously not to participate in the review under the offered terms. He said he had lessons to learn but denied any personal responsibility for the dispute.

Also, in 2016, both Stephen Hawking and Robert Winston called for an inquiry into claims made by Hunt regarding whether the NHS had sufficient funding, with Hawking saying Hunt had "cherry-picked research, causing a devastating breakdown of trust between Government and the medical profession".

Hunt was appointed Secretary of State for Foreign and Commonwealth Affairs in July 2018 following the resignation of Boris Johnson. Hunt said "My principal job at a time of massive importance for our country is to stand four square behind the Prime Minister so that we can get through an agreement with the European Union based on what was agreed by the Cabinet last week at Chequers." In July 2018, Hunt expressed fears over the UK potentially leaving the EU without a deal. He said that it would be "incredibly challenging economically" and that "It would lead to a fissure in relations which would be highly damaging for that great partnership that we have had for so many years, which has been so important in sustaining the international order."

Hunt supported the Saudi Arabian-led military intervention in Yemen and described Saudi Arabia as a "very, very important military ally". In August 2018, he defended Britain's alliance with Saudi Arabia after a bomb dropped on a school bus in Yemen killed 51 people, including 40 children, although he said he was "deeply shocked" at the deaths. Amid global outrage over the murder of Saudi dissident journalist Jamal Khashoggi at the Saudi Arabian consulate in Istanbul, Hunt rejected calls to end the UK's arms sales to Saudi Arabia, saying: "There are jobs in the UK ... at stake so when it comes to the issue of arms sales we have our procedures." In February 2019, he urged Germany to lift ban on arms sales to Saudi Arabia and warned that Germans are risking "a loss of confidence in Germany's credibility as a partner", although he admitted: "Over 80,000 children [in Yemen] have died of starvation, there are about a quarter of a million people starving at the moment, and around 20 million people don't have food security – they don't know whether they're going to be able to get the food they need in the days ahead." Andrew Smith, of Campaign Against Arms Trade (CAAT), said Hunt "played an utterly central and complicit role in arming and supporting the Saudi-led destruction of Yemen".

In July 2018, Hunt visited China and met China's foreign minister Wang Yi. Hunt said that the "UK-China Strategic Dialogue is an important opportunity to intensify our cooperation on shared challenges in international affairs, ranging from global free trade to non-proliferation and environmental challenges, under the UK-China Global Partnership and 'Golden Era' for UK-China relations". In October 2018, he criticised the Xinjiang re-education camps and human rights abuses against the Uyghur Muslim minority in China, saying: "British diplomats who visited Xinjiang have confirmed that reports of mass internment camps for Uighur Muslims were 'broadly true'."

Hunt was critical of Russia and Iran. On 23 August 2018, Hunt met US Secretary of State Mike Pompeo to discuss the 'threat' from both countries. In April 2019, Hunt condemned the United States for recognising Israel's 1981 annexation of the Golan Heights, saying: "We should never recognise the annexation of territory by force. (...) We want Israel to be a success and we consider them to be a great friend but on this we do not agree." In June 2019, he stated he shared the US Government's assessment that Iran was to blame for two attacks on oil tankers in the Gulf of Oman.

Hunt supported the continued efforts of the UK Government to leave the European Union. During the September 2018 Conservative conference, Hunt likened the European Union to the former USSR, saying: "It was the Soviet Union that stopped people leaving. The lesson from history is clear: If you turn the EU club into a prison, the desire to get out won't diminish." This comment was strongly criticised. While on a February 2019 Brexit-related visit to Ljubljana, he caused anger by congratulating his hosts on "making really remarkable transformation from a Soviet vassal state to a modern European democracy." In fact Slovenia, as part of Yugoslavia, had previously been non-aligned.

In November 2018, Hunt threatened the United Arab Emirates with "serious diplomatic consequences" after it sentenced British research student Matthew Hedges to life in prison for allegedly spying for the UK. Hunt said that the verdict "is not what we expect from a friend and trusted partner of the United Kingdom and runs contrary to earlier assurances". Hedges was released at the end of November, after intense negotiations.

Following the April 2019 arrest of WikiLeaks founder Julian Assange in London's Ecuadorian Embassy, Hunt thanked the Ecuadorean President Lenín Moreno for his cooperation.

Hunt announced his campaign to become the leader of the Conservative Party on 24 May 2019, following the resignation of Prime Minister Theresa May. On 20 June 2019, he was named one of the final two candidates. Hunt was defeated by Boris Johnson, having secured only one third of the vote. His campaign was given £10,000 by a close associate to Saudi Arabian Crown Prince Mohammad bin Salman.

Following Boris Johnson's election as party leader, Hunt was offered the role of Secretary of State for Defence in Johnson's Cabinet but decided to turn it down.

Returning to the backbenches, Hunt founded Patient Safety Watch in October 2019, with the charity seeking to establish data to report on patient safety and harm in care, continuing the work on safety he started as Health Secretary. He chairs the organisation and said he planned to invest considerable sums of money into it. However according to The Guardian two thirds of its income is spent on the salary of Hunt's former political advisor who was sacked over a previous lobbying scandal.

Hunt held his seat at the 2019 general election. He was elected as the new chair of the Health and Social Care Select Committee in January 2020, succeeding Sarah Wollaston. In February 2020, Hunt called for an inquiry into the National Health Service after the publishing of many reports regarding infant mortality in NHS hospitals.

In March 2020, Hunt expressed disapproval of the Government's response to the emerging COVID-19 pandemic, criticising the Government for still allowing "external visits to care homes" and "not preventing mass gatherings".

Hunt voted against Boris Johnson in the 2022 vote of confidence and urged other colleagues to do the same.

His book, Zero: Eliminating unnecessary deaths in a post-pandemic NHS, argues for "candour, a no-blame culture and a sincere determination to treat every mistake as an opportunity to learn how to do better next time". He writes that in the NHS there are 150 preventable deaths each week and draws on the experience of the airline industry to advocate a shift from a blame culture to a learning culture.

Following the resignation of Boris Johnson, Hunt announced he would be standing in the subsequent Conservative Party leadership election. He criticised Johnson for investing in infrastructure instead of "wealth creation", and proposed policies including a moratorium on business rates in deprived areas and a cut to corporation tax to 15% instead of a proposed rise to 25%. He also said he would retain the rise in National Insurance rates and would not cut personal taxation until he "[got] the economy growing". Hunt said Esther McVey would be deputy prime minister if he were to become prime minister. He was eliminated in the first round of voting on 13 July, receiving 18 votes. He endorsed Rishi Sunak after being eliminated.

Following the dismissal of Kwasi Kwarteng on 14 October 2022, after the poorly received September 2022 mini-budget, Hunt was appointed Chancellor of the Exchequer by Prime Minister Liz Truss.

On 18 October, Tory MP Sir Roger Gale stated "Jeremy Hunt is de facto prime minister at the moment". This was echoed by media, including The Guardian, with the Financial Times writing that many MPs believe he is now the country's de facto leader. The Economist called him "chancellor in name but prime minister in practice" and "the most powerful person in Britain".

Following Truss' resignation, Hunt declined to stand in the party leadership election to replace her. Following Rishi Sunak's appointment as Prime Minister, Hunt was reappointed as Chancellor.

His autumn statement is scheduled for 17 November 2022.

Source

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www.dailymail.co.uk, March 28, 2024
Of course I think that we should all take responsibility for our financial futures — I'm a money editor after all. Yet, my blood boils when people use this argument to wash their hands of Waspi women. It's easy to look at this generation, who were born in the '50s, through today's lens. Today financial independence is much easier to achieve and finding out about your state pension is seen as a responsibility we all share.

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www.dailymail.co.uk, March 28, 2024
Chancellor of the Exchequer Jeremy Hunt announced the Energy Profits Levy would be prolonged by another 12 months to March 2029, which he estimates will raise an extra £1.5billion for HM Treasury. He justified the move by stating that because energy prices are 'expected to last longer, so too will the sector's windfall profits.'

Britain DID go into recession at the end of 2023, ONS confirms… but Jeremy Hunt says GDP has already started growing again after 'tough' spell

www.dailymail.co.uk, March 28, 2024
Official figures formalised the UK's recession in the second half of 2023, although it was slightly smaller than initially thought. GDP dropped by 0.5 per cent over that period, with two consecutive falls - the technical definition of a recession. However, the fourth quarter was marginally less grim, with a 0.31 per cent reduction in activity instead of the previous 0.34 per cent estimate. Labour and the Lib Dems seized on the news to attack 'Rishi's Recession', with an election looming potentially within months. But Chancellor Jeremy Hunt put a brave face on the update from the Office for National Statistics, pointing out that 'interest rates had to rise to bring down inflation '.
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