HM Treasury @hmtreasury
We're the UK Government's economic and finance ministry. Our aim is to promote strong and sustainable economic growth. gov.uk/government/org… Westminster, London Joined January 2009-
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Pay day is coming. Our second National Insurance cut hits payslips next week. It's worth £900 to someone earning the UK average salary.
NEWS: UK set to increase defence spending to 2.5% of GDP by 2030 - an increase of £75 billion. Chief Secretary to the Treasury Laura Trott visited Wellington Barracks in Westminster today to explain what this means.
Today Prime Minister @RishiSunak met with NATO Secretary-General @jensstoltenberg in Warsaw. They discussed the UK’s historic plan to steadily increase defence spending to 2.5% and fire up our national defence industrial production.
JUST ANNOUNCED: Defence Spending will rise by £75bn over the next 6 years. With the world becoming more dangerous we can’t afford not to act. That’s why we’ll invest unprecedented amounts to give our Armed Forces a game-changing advantage. 🧵Find out what this £75bn will do:
The UK will spend 2.5% of GDP on defence by the end of the decade. The Prime Minister has today announced an extra £75 billion for defence over the next six years, securing our freedoms and driving prosperity in a more dangerous world. gov.uk/government/new…
Our support to Ukraine is unwavering. We’ve announced an extra £500 million funding this year, and the donation is our biggest package of military equipment to date. Record UK backing to help Ukraine kick Putin out, for good. gov.uk/government/new…
The Chancellor has joined Prime Minister @RishiSunak & Defence Secretary @grantshapps in Poland as the UK announces a plan to increase defence spending to 2.5% of GDP by 2030. It’s with an improving economy, that we're able to make this commitment to peace & security in Europe.
Today is a landmark moment in the defence of the United Kingdom. We’ll spend an extra £75 billion in defence over the next six years. ▪️ Protecting our security and prosperity ▪️ Backing Ukraine for the long-term ▪️ Leading the way in European security
Ensuring Ukraine wins is the most important thing we can do for global peace and security. That’s why we’re increasing our support - backing Ukraine with £500 million for military aid and delivering our largest-ever package of equipment. #StandWithUkraine
“I am very proud that the relationship between the UK & the US is in such good shape.” To wrap up his IMF Springs trip, the Chancellor spoke at the British Residence in Washington about the UK's economic strengths & the importance of working together to tackle global challenges.
As of this month, eligible working parents of 2-year-olds are now accessing 15 hours of childcare. Over 195,000 more children are benefitting, giving their parents the flexibility to balance work and family life. Click below to find out more on government-funded childcare ⬇️
We've pledged almost £12bn in overall support so far to Ukraine & last week we took action to crack down on Putin's ability to fund his war, hitting up to $40bn of Russian metal exports traded on global metal exchanges. @Jeremy_Hunt met @SergiiMarchenk3 to reaffirm our support.
✅ Continuing to support Ukraine ✅ Boosting productivity ✅ Growing the global economy Yesterday the Chancellor @Jeremy_Hunt spoke to @G7 finance leaders about working together to address global challenges.
On Monday, I launched the Open Finance Taskforce as part of UK Fintech Week! 🚀 This industry-led initiative aims to harness financial data to enhance SMEs' access to credit, empowering businesses to thrive. The UK is at the forefront of fintech innovation, attracting billions…
Great to meet with Chancellor of the Exchequer @Jeremy_Hunt to discuss the UK economic and investment landscape while he’s in New York.
Chancellor @Jeremy_Hunt is in the USA where he’ll be meeting business leaders in New York & then attending @IMFNews Springs meetings in Washington D.C. He'll speak about how we're working to grow our economy, boost our world leading industries & encourage inward investment.
Hear from an economist from @hmtreasury on what exactly a fall in inflation means for you.
Home Office @ukhomeoffice
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3K Followers 1K Following Freelance Pom in Perth. Cover Australia for the Sunday Times (UK) [email protected]Inflation has fallen - again. It’s now at 3.2%, the lowest it has been in over two and a half years.
The Prime Minister and Chancellor were in Barrow-in-Furness today, seeing the construction of Astute class submarines. Our transformative investment in the nuclear industry, announced today, will equip the sector with the skills and expertise it needs for the long-term.
The UK is leading the world in fintech. Last year the UK attracted $5.1bn of fintech investment, more than any other country bar the US. Today I invited fintech and crypto firms to Downing Street to discuss how we can build on this success.
BREAKING: @KemiBadenoch will today sign a trade pact with Texas, our 8th state-level arrangement 🇬🇧🇺🇸 Texas had a GDP of £1.9trn in 2022 – making this our most economically significant trade pact with a US state so far. More 👉 gov.uk/government/new…
🇬🇧 @AstraZeneca has announced plans to invest £650M in the UK, including a new vaccine manufacturing facility in Speke, Liverpool. 🏢 £200M of it will expand the company's presence in Cambridge, employing 1,000 people. @VictoriaAtkins visited their HQ in the city last week 👇
Thrilled to join CFIT at the Open Finance Coalition Showcase as they launched their report on Open Finance. It was a privilege to address thought leaders from across the sector. I look forward to collaborating further as we continue to drive forward the UK's FinTech leadership.
Barbie was a box office hit & film of the year at @peopleschoice awards🏆 It also contributed £80m to the UK economy - spurring growth & jobs📈 Brilliant creativity driving our economy. I spoke to executive producer Jay about why it was made in Hertfordshire, not Hollywood ⬇️
The UK’s life sciences sector is getting a £520m boost for manufacturing 🧬 This will increase preparedness for future health emergencies like the COVID-19 pandemic and further strengthen research and development across the UK 🔬 Read more 🔽 gov.uk/government/new…
Today we have announced that banknotes featuring the portrait of King Charles III will be issued from 5 June 2024. For more information on the King Charles III banknotes see here: b-o-e.uk/49KGP4H
Loved #Barbie ? 🇺🇸&🇬🇧 creative industries make significant contributions to the transatlantic economy. We not only share talent to make incredible shows & films for the world to enjoy, but we invest in communities - as is happening at @WBSLeavesden 🎥🎬👏
Government is backing the UK life sciences sector, with a £520m investment in manufacturing 👩⚕️ This will help build resilience for future health emergencies like the COVID-19 pandemic and capitalise on the UK’s world-leading R&D. Find out more below 🔽 gov.uk/government/new…
Horizon Europe funding is available for projects that boost scientific breakthroughs, foster innovation, and drive technological advancements. Apply for a grant and transform your visionary ideas into a reality that could help shape the future 👇 iuk.ktn-uk.org/programme/euro…
In just 100 days, the UK will become the first country to roll out groundbreaking protections for consumers on smart devices 📱 From 29 April, the UK sets new global standards in cybersecurity, ensuring a safer digital experience for all. Find out more:
The story of Eve Kugler is one of extraordinary courage, perseverance and defiance in the face of adversity. Ahead of #HolocaustMemorialDay, it is a story every generation should hear and understand.
Today the government announces an additional £1.3bn investment in Sizewell C's construction. Making it the largest funding package to date for the plant and demonstrating the government's commitment to strengthening our nuclear sector ⚛️🇬🇧 Read more 👇 gov.uk/government/new…
Exciting news that @Google will open a new $1billion data center in the UK! This investment will bring new jobs to the local community and reaffirms the 🇺🇸 & 🇬🇧 as global leaders in technology, science, and AI innovation. blog.google/around-the-glo…
Chancellor of the Exchequer, @Jeremy_Hunt’s comments on Google’s vote of confidence in Britain.
We’ve awarded £7 million of funding to the #TeesValley Hydrogen Hub to build a hydrogen refuelling station, enabling greener supermarket deliveries. 🚚 The project will help grow the economy, support jobs in the North East and improve the environment. 🍃
We can drive down pump prices by bringing more transparency & competition to forecourts. 👇📽️Join @ClaireCoutinho and @ASollowayUK as they explain how Pumpwatch could help millions of drivers🚗 gov.uk/government/new…