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Added on the 15/02/2024 09:55:07 - Copyright : AFPTV - First images
British Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street to deliver an autumn statement at the House of Commons where he is expected to unveil hefty tax rises and spending cuts at the risk of worsening a cost-of-living crisis for millions in the recession-bound economy. IMAGES
The newly-appointed Chancellor of the Exchequer Jeremy Hunt enters 10 Downing Street. Britain's Prime Minister Liz Truss had earlier that day sacked his predecessor, Kwasi Kwarteng, following a disastrous mini-budget which sent British government gilts plummeting, making Kwarteng's tenure as Chancellor the second-shortest in history. IMAGES
UK Finance Minister Jeremy Hunt poses outside 11 Downing Street with the red, leather-covered box containing his speech before leaving to present the spring budget to parliament. Britain's Conservative government is expected to use the budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election. Prime Minister Rishi Sunak's party, which has been in power since 2010, is well behind the main opposition Labour party in opinion polls and looks likely to be dumped out of office. IMAGES
Britain's economy will rebound this year and not shrink as initially thought, but will grow far less than expected next year, finance minister Jeremy Hunt says as he presents his Autumn Statement to parliament. Gross domestic product will expand 0.6 percent in 2023, Hunt said citing the Office for Budget Responsibility fiscal watchdog, upgrading its prior forecast of minus 0.2 percent. GDP is then set to grow by 0.7 percent in 2024, which was sharply down from previous guidance for a 1.8-percent expansion. SOUNDBITE
German Chancellor Olaf Scholz and UK Prime Minister Rishi Sunak hold a bilateral meeting in Granada, Spain, at the European Political Community (EPC) -- an informal group which includes all 27 European Union countries and many NATO member states, along with their European neighbours, excluding Russia. IMAGES