London Daily

Focus on the big picture.
Friday, Oct 03, 2025

Jeremy Hunt

Government can’t subsidise energy bills ‘indefinitely’, says Jeremy Hunt, exposing him as a liar or a dummy or both.

Is he deliberately lying, or is he only stupid that he understands nothing about economy?

The government is actually profiting a lot from the energy price hike, as they get much more taxes as a result of higher energy prices. They are making more money and the energy companies are profiting billions as a direct result of the price hike. All the government needs to do in order to lower the energy price, is to reduce the taxes on oil and gas and the energy companies need to fix their profits to the same level they earned before the war in Ukraine - instead of profiting from the public’s suffering.
Speaking in an interview with the Sunday Times, the Chancellor said there would be no “rabbits” pulled out of hats in Thursday’s budget, and added it was “not possible” to support people’s energy bills indefinitely.

The energy support guarantee, which guarantees the average bill would not be higher than £2,500, had been due to last for two years, but under plans announced by Jeremy Hunt it is due to end in its current form in April next year.

It is not yet clear what level of support will replace it.

He told the paper: “In the end, if we want to be a low-tax economy we’ve got to find a way of not ending up with an entire second NHS in terms of the cost of our energy bills… which will drag down growth and so… that is something that you can expect to hear a lot about when I stand up [on Thursday].”

According to reports, Mr Hunt is mulling some £35bn in spending cuts and some £20bn in tax revenue to plug an estimated £55bn black hole in the public finances.

The Chancellor did not confirm specific measures he would take in Thursday’s budget, but told the Sunday Times: “I’m Scrooge who’s going to do things that make sure Christmas is never cancelled.

“But I hope that people will understand that there’s going to be some very horrible decisions in order to get us back into the place where we are the fantastic country that we all want to be.”

Mr Hunt was appointed Chancellor under Liz Truss as her disastrous ‘mini budget’ unravelled, with many of its flagship measures junked in the following weeks.

However, he said that Ms Truss and the former Chancellor, Kwasi Kwarteng, had been correct to go for growth, despite mistakes made.

“The tragedy is that Liz and Kwasi were absolutely right that if we’re going to pay for the NHS and good public services, we have to unlock the growth paradox in this country,” he said.

In a reference to Matt Hancock, the former Health Secretary who is competing on I’m A Celebrity, Mr Hunt said: “I think eating testicles in the jungle is literally the only job in the world that’s worse than mine.”

Speaking on Friday, Mr Hunt said he will be working to make a possible recession “shallower and quicker” in his highly anticipated autumn budget.

The UK economy shrank between July and September, with the Bank of England predicting a “very challenging” two-year recession.
Newsletter

Related Articles

0:00
0:00
Close
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
Nvidia Pledges Up to $100 Billion Investment in OpenAI to Power Massive AI Data Center Build-Out
U.S. Signals ‘Large and Forceful’ Support for Argentina Amid Market Turmoil
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
Vietnam Faces Up to $25 Billion Export Loss as U.S. Tariffs Bite
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Indonesia Court Upholds Military Law Amid Concerns Over Expanded Civilian Role
Larry Ellison, Michael Dell and Rupert Murdoch Join Trump-Backed Bid to Take Over TikTok
Trump and Musk Reunite Publicly for First Time Since Fallout at Kirk Memorial
Vietnam Closes 86 Million Untouched Bank Accounts Over Biometric ID Rules
×