"Jeremy Hunt's Budget Aims to Boost Employment and Avoid Recession"
TL;DR
UK Chancellor Jeremy Hunt has unveiled his Budget 2023, which aims to fill a million vacancies across the country and get more over-50s, people with disabilities, and parents of young children back to work. The plan includes expanding free childcare in England and scrapping the £1m limit for tax-free pension savings. However, Labour has criticized the pensions move, saying it will only benefit the richest 1%. The Office for Budget Responsibility predicts the policies will add about 110,000 people to the UK workforce. The UK economy is expected to avoid a recession, with inflation predicted to more than half by the end of next year.
- Budget 2023: Jeremy Hunt Hunt insists Budget will get people back to work BBC
- Britain Offers More Child Care as an Incentive for People to Work The New York Times
- UK will not enter a recession this year, Finance Minister Jeremy Hunt says in budget speech CNBC
- Jeremy Hunt's UK Budget Is a Minimalist Master Class Bloomberg
- The Guardian view on a Tory budget: austerity by another name The Guardian
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