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Chancellor of the Exchequer Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 beginning next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, introducing a new "temporary tax" on companies that generate electricity, and capping rent increases in the social sector to 7% until 2024.
2022-11-17

Amid a cabinet reshuffle by Prime Minister Boris Johnson, Sajid Javid resigns as the United Kingdom's Chancellor of the Exchequer after reportedly refusing to sack his adviser team. Javid is replaced by Chief Secretary to the Treasury Rishi Sunak, who becomes the first Hindu to hold the senior position.
2020-02-13

Iain Duncan Smith resigns his position as the United Kingdom's Secretary of State for Work and Pensions, in opposition to cuts in disability benefit proposed by George Osborne, the Chancellor of the Exchequer.
2016-03-18

In the United Kingdom, the unelected House of Lords, Parliament’s upper house, delays by three years reductions in tax credits paid to working people that would have cost affected families an average of £1,300 ($2,000) a year. This is the first major setback for George Osborne, Chancellor of the Exchequer, since the general election. Osborne said the government will "lessen" the impact of tax credit cuts for those affected, while vowing to press on with changes designed to save billions from welfare.
2015-10-26

Britain's Chancellor of the Exchequer, George Osborne, says that the finance ministers and central bankers of the G7 have agreed there must be co-ordinated action against tax evaders.
2013-05-11

Chancellor George Osborne accuses ministers in Gordon Brown's government of attempting to manipulate interest rates during the recession.
2012-07-4

Former UK Chancellor of the Exchequer Alistair Darling launches Better Together, the "no" campaign for the forthcoming referendum on Scottish independence.
2012-06-25

Chancellor George Osborne tells the Inquiry that suggestions of a deal between the Conservative Party and Rupert Murdoch are "complete nonsense".
2012-06-11

George Osborne, the United Kingdom Chancellor of the Exchequer, announces that the tax on bank profits will become permanent.
2011-02-8

Chancellor of the Exchequer George Osborne hails the results as proof that the economy is going through a steady recovery, but opposition Labour Party leader Ed Miliband asserts that the recent spending review and budget cuts will harm economic performance.
2010-10-26