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Added on the 07/09/2016 15:27:55 - Copyright : Reuters EN
Germany's finance minister warns Britain it must respect its international agreements, after London tabled legislation that would ditch parts of the Brexit withdrawal deal with the EU. SOUNDBITE
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
UK Chancellor of the Exchequer (finance minister) Jeremy Hunt makes the traditional appearance with the Secretary of State's red box as he leaves 11 Downing Street to deliver his first budget to Parliament. The budget is expected to include more help on soaring energy bills and childcare costs, but the government is set to stand firm on rising public sector pay demands as the country endures a fresh wave of strikes. On Wednesday, teachers, civil servants, junior doctors, BBC journalists and London Tube drivers all walked out with UK inflation remaining above 10 percent. IMAGES
The newly-appointed British Chancellor of the Exchequer, Jeremy Hunt, leaves 10 Downing Street after his predecessor Kwasi Kwarteng was sacked by UK Prime Minister Liz Truss. IMAGES
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