Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS The Institute for Fiscal Studies are presenting their analysis of Jeremy Hunt’s options for the Budget now – you can watch here. IFS director Paul Johnson starts by saying next week’s Budget is hopefully, but not necessarily, the only fiscal event of 2024. It may be the first of two, if we get another one before the election, as Jeremy Hunt has threatened. It may be the first of three, if we get one before the election and an emergency budget after the election. Continue reading...