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Jeremy Hunt is likely to lift the cap on bankers’ bonuses when he delivers his Autumn Budget tomorrow, part of a raft of measures designed to restore the UK’s financial credibility. The Financial Times first reported that the chancellor would make lifting the cap one of the few measures to survive Kwasi Kwarteng’s disastrous mini-budget, amid speculation about the “difficult decisions” likely to be made by Mr Hunt and the prime minister. try to find up to £60 billion from a combination of spending increases and cuts. Earlier, Rishi Sunak urged bank executives to “adopt wage restraint” in order not to worsen inflation. The budget is widely expected to boost the economy through stealth taxes by freezing the rates at which workers start paying higher tax rates, with inflation and pay rises pushing more people into higher bands. But tough spending cuts are also likely, with Mr Hunt reportedly eyeing plans to cut funding for government homes for Ukrainian refugees and plans to cut the funds councils receive for some of the refugee services that hosted by UK families. Show latest update 1668576030
Conflict of interest warning as Osborne ‘advises’ on budget
Labor has warned of a potential conflict of interest after reports that George Osborne was advising the chancellor on his budget while working at a City investment bank. Mr Osborne, who was chancellor between 2010 and 2016, met Jeremy Hunt ahead of Thursday’s key autumn statement. Labor said Mr Osborne should not have access to “market sensitive” information and urged the Treasury to reveal exactly what discussions he was privy to. Our politics correspondent Jon Stone has more: Namita Singh16 November 2022 05:20 1668575939
G7 leader pledges ‘full support’ to Poland in missile blast probe
NATO and G7 leaders meeting for an emergency meeting on the sidelines of the G20 summit in Bali offered their “full support and assistance” to Poland’s investigation into the explosion that killed two people in the east of the country. An official readout of the gathering said: “Today, the leaders of Canada, the European Union, France, Germany, Italy, Japan, the Netherlands, Spain, the United Kingdom and the United States met on the sidelines of the Summit of the G20 in Bali and issued the following statement: “We condemn the barbaric missile attacks carried out by Russia on Ukrainian cities and urban infrastructure on Tuesday. “We discussed the explosion that occurred in the eastern part of Poland near the border with Ukraine. We offer our full support and assistance to Poland’s ongoing investigation. We agree to remain in close contact to determine appropriate next steps as the investigation progresses. Rishi Sunak attended an emergency meeting at the G20 summit in Bali with G7 and NATO leaders after reports that Russian missiles flew into Poland on Tuesday (PA) “We reaffirm our steadfast support for Ukraine and the Ukrainian people in the face of continued Russian aggression, as well as our continued readiness to hold Russia accountable for its brazen attacks on Ukrainian communities, even as the G20 meets to address the wider implications her the war. “We all express our condolences to the families of the victims in Poland and Ukraine.” Namita Singh16 November 2022 05:18 1668575734
UK working with allies after Russian-made missiles ‘passed into Poland’, Sunak says
Rishi Sunak said the UK would “stand by our allies” as Joe Biden pledged US support for Poland, but said it was “unlikely” that a missile that killed two people was fired from Russia. The prime minister attended an emergency morning meeting about the incident at the G20 summit in Bali. He was photographed sitting next to the US president, who convened the round table of like-minded G7 and NATO leaders. Namita Singh16 November 2022 05:15 1668575430
Sunak must not be ‘appeased’ in talks with China’s Xi, ex-Tory leader warns
Rishi Sunak has been accused of “drifting into appeasement” after rushing into last-minute face-to-face talks with Chinese leader Xi Jinping at the G20 summit. The meeting on the sidelines of the leaders’ gathering in Indonesia on Wednesday was organized after Mr Sunak signaled he was softening his stance on China, describing the Far Eastern giant as a “challenge” rather than a “threat” to UK national security Basilio. Their meeting comes a day after meetings between Xi and both Joe Biden and Emmanuel Macron. Downing Street has insisted the Prime Minister will keep a “clear eye” on his interactions with Xi and continues to see Beijing as an economic threat to the UK, Andrew Woodcock reports: Namita Singh16 November 2022 05:10 1668574830
Sunak offers Poland help from UK after suspected Russian missile attack
Prime Minister Rishi Sunak has offered Poland “whatever help it needs” to claim responsibility for a missile attack on its soil. Mr Sunak, who is attending the G20 summit in Indonesia, spoke by phone with Polish President Andrzej Duda shortly after reports emerged that Russian missiles had landed in the NATO member near its border with Ukraine. The prime minister said the UK was coordinating with NATO partners and stood ready to support its allies as they tried to uncover the facts behind the incident, which is believed to have killed at least two people. Our political editor Andrew Woodcock reports from Bali: Namita Singh16 November 2022 05:00 1668574230
Biden calls ’emergency’ G7-NATO meeting after Russian-made rocket attack in Poland
The explosion in the NATO member state, which is believed to have killed at least two people, came as a wave of Russian missiles struck civilian targets across Ukraine, including the capital Kiev. NATO and G7 leaders, including Biden and British Prime Minister Rishi Sunak, condemned the attack on Ukraine as “barbaric”. More in this joint report by Andrew Woodcock and Andrew Feinberg: Namita Singh16 November 2022 04:50 1668573667
The lifting of the cap on bankers’ bonuses is expected in the chancellor’s autumn budget
Jeremy Hunt is expected to lift the cap on bankers’ bonuses when he delivers his Autumn Budget tomorrow. The Financial Times first reported that the chancellor would make lifting the cap one of the few measures to survive Kwasi Kwarteng’s disastrous mini-budget as she attempts to use the autumn statement to restore the UK’s economic credibility. Earlier, the prime minister urged bosses to keep wages low to prevent inflation from worsening. Read the details in this report: Namita Singh16 November 2022 04:41 1668571407
Welcome to The Independent’s UK political blog for Wednesday 16 November 2022, where we provide the latest from Westminster. Namita Singh November 16, 2022 4:03 am
title: “Rishi Sunak Latest Hunt Expected To Lift Cap On Bankers Bonuses In Thursday S Autumn Budget " ShowToc: true date: “2022-10-31” author: “Joe Cecot”
Sign up to the Inside Politics email for your free daily update on the biggest stories in UK politics
Get our free Inside Politics email
Jeremy Hunt is likely to lift the cap on bankers’ bonuses when he delivers his Autumn Budget tomorrow, part of a raft of measures designed to restore the UK’s financial credibility. The Financial Times first reported that the chancellor would make lifting the cap one of the few measures to survive Kwasi Kwarteng’s disastrous mini-budget, amid speculation about the “difficult decisions” likely to be made by Mr Hunt and the prime minister. try to find up to £60 billion from a combination of spending increases and cuts. Earlier, Rishi Sunak urged bank executives to “adopt wage restraint” in order not to worsen inflation. The budget is widely expected to boost the economy through stealth taxes by freezing the rates at which workers start paying higher tax rates, with inflation and pay rises pushing more people into higher bands. But tough spending cuts are also likely, with Mr Hunt reportedly eyeing plans to cut funding for government homes for Ukrainian refugees and plans to cut the funds councils receive for some of the refugee services that hosted by UK families. Show latest update 1668576030
Conflict of interest warning as Osborne ‘advises’ on budget
Labor has warned of a potential conflict of interest after reports that George Osborne was advising the chancellor on his budget while working at a City investment bank. Mr Osborne, who was chancellor between 2010 and 2016, met Jeremy Hunt ahead of Thursday’s key autumn statement. Labor said Mr Osborne should not have access to “market sensitive” information and urged the Treasury to reveal exactly what discussions he was privy to. Our politics correspondent Jon Stone has more: Namita Singh16 November 2022 05:20 1668575939
G7 leader pledges ‘full support’ to Poland in missile blast probe
NATO and G7 leaders meeting for an emergency meeting on the sidelines of the G20 summit in Bali offered their “full support and assistance” to Poland’s investigation into the explosion that killed two people in the east of the country. An official readout of the gathering said: “Today, the leaders of Canada, the European Union, France, Germany, Italy, Japan, the Netherlands, Spain, the United Kingdom and the United States met on the sidelines of the Summit of the G20 in Bali and issued the following statement: “We condemn the barbaric missile attacks carried out by Russia on Ukrainian cities and urban infrastructure on Tuesday. “We discussed the explosion that occurred in the eastern part of Poland near the border with Ukraine. We offer our full support and assistance to Poland’s ongoing investigation. We agree to remain in close contact to determine appropriate next steps as the investigation progresses. Rishi Sunak attended an emergency meeting at the G20 summit in Bali with G7 and NATO leaders after reports that Russian missiles flew into Poland on Tuesday (PA) “We reaffirm our steadfast support for Ukraine and the Ukrainian people in the face of continued Russian aggression, as well as our continued readiness to hold Russia accountable for its brazen attacks on Ukrainian communities, even as the G20 meets to address the wider implications her the war. “We all express our condolences to the families of the victims in Poland and Ukraine.” Namita Singh16 November 2022 05:18 1668575734
UK working with allies after Russian-made missiles ‘passed into Poland’, Sunak says
Rishi Sunak said the UK would “stand by our allies” as Joe Biden pledged US support for Poland, but said it was “unlikely” that a missile that killed two people was fired from Russia. The prime minister attended an emergency morning meeting about the incident at the G20 summit in Bali. He was photographed sitting next to the US president, who convened the round table of like-minded G7 and NATO leaders. Namita Singh16 November 2022 05:15 1668575430
Sunak must not be ‘appeased’ in talks with China’s Xi, ex-Tory leader warns
Rishi Sunak has been accused of “drifting into appeasement” after rushing into last-minute face-to-face talks with Chinese leader Xi Jinping at the G20 summit. The meeting on the sidelines of the leaders’ gathering in Indonesia on Wednesday was organized after Mr Sunak signaled he was softening his stance on China, describing the Far Eastern giant as a “challenge” rather than a “threat” to UK national security Basilio. Their meeting comes a day after meetings between Xi and both Joe Biden and Emmanuel Macron. Downing Street has insisted the Prime Minister will keep a “clear eye” on his interactions with Xi and continues to see Beijing as an economic threat to the UK, Andrew Woodcock reports: Namita Singh16 November 2022 05:10 1668574830
Sunak offers Poland help from UK after suspected Russian missile attack
Prime Minister Rishi Sunak has offered Poland “whatever help it needs” to claim responsibility for a missile attack on its soil. Mr Sunak, who is attending the G20 summit in Indonesia, spoke by phone with Polish President Andrzej Duda shortly after reports emerged that Russian missiles had landed in the NATO member near its border with Ukraine. The prime minister said the UK was coordinating with NATO partners and stood ready to support its allies as they tried to uncover the facts behind the incident, which is believed to have killed at least two people. Our political editor Andrew Woodcock reports from Bali: Namita Singh16 November 2022 05:00 1668574230
Biden calls ’emergency’ G7-NATO meeting after Russian-made rocket attack in Poland
The explosion in the NATO member state, which is believed to have killed at least two people, came as a wave of Russian missiles struck civilian targets across Ukraine, including the capital Kiev. NATO and G7 leaders, including Biden and British Prime Minister Rishi Sunak, condemned the attack on Ukraine as “barbaric”. More in this joint report by Andrew Woodcock and Andrew Feinberg: Namita Singh16 November 2022 04:50 1668573667
The lifting of the cap on bankers’ bonuses is expected in the chancellor’s autumn budget
Jeremy Hunt is expected to lift the cap on bankers’ bonuses when he delivers his Autumn Budget tomorrow. The Financial Times first reported that the chancellor would make lifting the cap one of the few measures to survive Kwasi Kwarteng’s disastrous mini-budget as she attempts to use the autumn statement to restore the UK’s economic credibility. Earlier, the prime minister urged bosses to keep wages low to prevent inflation from worsening. Read the details in this report: Namita Singh16 November 2022 04:41 1668571407
Welcome to The Independent’s UK political blog for Wednesday 16 November 2022, where we provide the latest from Westminster. Namita Singh November 16, 2022 4:03 am
