HomePolitics‘Unsackable’ Hunt to remain...

‘Unsackable’ Hunt to remain chancellor as Sunak eyes ‘election-ready’ Cabinet shuffle


“Unsackable” Jeremy Hunt looks set to stay as chancellor as Rishi Sunak eyes a Cabinet reshuffle while striving desperately to cut inflation eating into cash-strapped households’ budgets.

The Bank of England opted to raise interest rates for a 14th consecutive time to a new 15-year high of 5.25 per cent on Thursday, inflicting further pain on mortgage holders and other borrowers as it seeks to stem rising prices.

Despite the central bank’s new forecasts suggesting that interest rates will remain above 5 per cent for at least two years, they also brought good news for the prime minister by indicating that he will hit his key target of halving inflation by the end of the year.

But the fragility of the UK economy will weigh heavily on Mr Sunak’s mind as he is said to be planning his second reshuffle since entering No 10.

According to The Times, colleagues are said to believe Mr Hunt is “unsackable” as chancellor, following the market chaos sparked by the turbulence of his predecessor Liz Truss’s disastrous mini-Budget, which saw her fire her chancellor and close political ally Kwasi Kwarteng.

Mr Sunak is understood to be weighing up whether to “signpost” future tax cuts in the autumn – being aware of the need for a significant “gear change” despite being insistent that there will be no tax cuts this year, the paper reports.

Talk of a reshuffle first began in the run-up to last month’s triple by-election challenge sparked by Boris Johnson’s exit from parliament. The Tories lost two of three seats after defence secretary Ben Wallace announced his intention to leave politics at the next election.

Mr Sunak is expected to make limited changes, according to The Times, which links Michael Gove to the role of health secretary and reports that the PM is keen to promote “rising stars” to the lower ranks of ministers of state, in an attempt to build a new-look “election-ready” Cabinet.



Source link

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

“Purge The Party”: Navjot Sidhu’s War Cry Amid Congress’ Himachal Crisis

<!-- -->The Congress' Punjab leader, Navjot Singh Sidhu, this morning...

Google CEO says Gemini AI diversity errors are ‘completely unacceptable’

Hi everyoneI want to address the recent issues with problematic...

Read Now

Jon Stewart breaks down in tears as he shares sad news with Daily Show viewers

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsJon Stewart broke down in tears as he shared some sad news with The Daily Show viewers on Monday (26 February)....

“Purge The Party”: Navjot Sidhu’s War Cry Amid Congress’ Himachal Crisis

<!-- -->The Congress' Punjab leader, Navjot Singh Sidhu, this morning launched a strong attack on six party lawmakers who cross-voted in Tuesday's Rajya Sabha election - handing the party a defeat in an exercise it should have won with ease - and then appeared to ally...

Stock futures inch lower Wednesday as investors await fresh inflation data: Live updates

Traders on the floor of the New York Stock Exchange on April 14, 2022.Source: NYSEStock futures ticked lower Wednesday as investors looked ahead to a key inflation report due later this week.Futures tied to the Dow Jones Industrial Average slipped 40 points, or 0.1%. S&P 500...

Google CEO says Gemini AI diversity errors are ‘completely unacceptable’

Hi everyoneI want to address the recent issues with problematic text and image responses in the Gemini app (formerly Bard). I know that some of its responses have offended our users and shown bias — to be clear, that’s completely unacceptable and we got it wrong.Our...

On the radar: Three Cabinet Secretaries to appear before Senators

Cabinet Secretaries Kithure Kindiki (Interior), Mithika Linturi (Agriculture) and Zacharia Njeru (Water) are scheduled to appear before the Senate plenary.The trio will appear to respond to questions from members. Kindiki is expected to provide a status update on investigations into the inter-communal clashes that occurred...

Strus’ 59-foot buzzer beater lifts Cavs over Mavs

CLEVELAND — The best pass of Evan Mobley’s life, the worst tackle of Caris LeVert’s and only the second-best buzzer beater to win a game in Max Strus’ nearly 28 years on this planet.This is what pandemonium looked like Tuesday night in Cleveland.Strus unleashed a 59-footer...

Texas’ win marred as angry TTU fans throw bottles

LUBBOCK, Texas -- Dylan Disu scored 21 points, Max Abmas added 18 and Texas rode a big first half to a 81-69 victory over Texas Tech on Tuesday night in a game that included a significant delay after fans threw objects onto the floor.Midway through the...

UAE vs Canada, ICC Cricket World Cup League 2, Live Score: Toss At 11:00 AM IST

UAE vs Canada Live Score: UAE will take on Canada in the 7th match of the ICC World Cup League 2 2023-2027. UAE will be keen to perform well and qualify for the ODI World Cup 2027. UAE have named a strong squad for the series,...

Apple kills its electric car project: sources

STORY: Apple has hit the brakes on its project to create an electric car a source told Reuters Tuesday its cancelling work on the idea altogether.Bloomberg , which also reported the development, said employees working on Apple’s EV will shift instead to a unit for AI.Apple...

Nintendo Sets Its Sights On Switch Emulator Yuzu In New Lawsuit

When he’s not paying off a loan to Tom Nook, Liam likes to report on the latest Nintendo news and admire his library of video games. His favourite Nintendo character used to be a guitar-playing dog, but nowadays he prefers to hang out with Judd the...

Royals mourn Prince Michael of Kent’s son-in-law – BBC News

By Sean CoughlanRoyal correspondent27 February 2024Updated 9 hours agoImage source, Lady Gabriella Kingston/ Buckingham PalaceA Buckingham Palace spokesman said that King Charles and Queen Camilla "join Prince and Princess Michael of Kent and all those who knew him in grieving a much-loved member of the family".He...

3 keys to BYU’s stunning 76-68 win over No. 7 Kansas

LAWRENCE, Kansas — BYU picked up its biggest win in the Mark Pope era Tuesday night at Phog Allen Fieldhouse, stunning No. 7 Kansas 76-68 in a pivotal Big 12 game.The Cougars (8-7, 20-8) trailed by as many as 12 points in the second half before...