News on this topic

Live: ITV News special coverage of the Autumn Budget

Chancellor Jeremy Hunt is set to unveil a £54 billion package of tax hikes and spending cuts as ... Show more

Autumn budget 2022: Anger over road tax changes for electric cars: The government has told green motorists to cough up from 2025 onwards.
metro.co.uk/2022/11/17/autumn-budget-2022-anger-over-road-tax-changes-for-electric-cars-17779591/
Autumn budget 2022: Anger over road tax changes for electric cars
More articles on this subject
UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says: Office for Budget Responsibility forecast that the UK economy will shrink further next ...
mirror.co.uk/news/politics/breaking-uk-already-recession-gdp-28515130
UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says
Millions of UK households to pay more for energy from April: Jeremy Hunt expected to use autumn statement to announce rise in household energy price cap to as ...
theguardian.com/politics/2022/nov/16/millions-of-uk-households-to-pay-more-for-energy-from-april
Millions of UK households to pay more for energy from April
‘Difficult decisions’: Britain announces higher taxes and spending cuts in warning sign for other governments
cnn.com/2022/11/17/business/uk-budget-autumn-statement/
‘Difficult decisions’: Britain announces higher taxes and spending cuts in ...
Jeremy Hunt announces minimum wage will rise by just 92p - as inflation soars: Chancellor Jeremy Hunt announced in his Autumn budget this morning that the ...
mirror.co.uk/money/breaking-minimum-wage-rise-92p-28508597
Jeremy Hunt announces minimum wage will rise by just 92p - as inflation ...
Disposable income to drop by more than 7% over next two years: The Office for Budget Responsibility's report said people's real household disposable ...
metro.co.uk/2022/11/17/disposable-income-to-drop-by-more-than-7-over-next-two-years-17778213/
Disposable income to drop by more than 7% over next two years
UK to raise $65 billion from windfall tax on energy companies: The UK government is hiking a windfall tax on oil and gas companies and extending the levy to ...
cnn.com/2022/11/17/economy/windfall-tax-nuclear-uk-budget/
UK to raise $65 billion from windfall tax on energy companies
Autumn Statement: Jeremy Hunt warns of challenges as living standards plunge: The chancellor tells the BBC's Chris Mason times are difficult as he defends tax ...
bbc.com/news/uk-politics-63665271
Autumn Statement: Jeremy Hunt warns of challenges as living standards ...
Hunt plots an ‘OK, but’ budget to spread the pain and fling it to the future: As Jeremy Hunt competed for headlines with the Australian soap opera Neighbours ...
cityam.com/hunt-plots-budget-neighbours-tax-spending-future/
Hunt plots an ‘OK, but’ budget to spread the pain and fling it to the ...
What does the Autumn Statement mean for levelling up?: Rishi Sunak and Jeremy Hunt were expected to chart a more orthodox path to bridging economic divides and ...
newstatesman.com/spotlight/regional-development/2022/11/autumn-statement-levelling-up
What does the Autumn Statement mean for levelling up?
SNP demand inflation-busting spending boost in Jeremy Hunt's Budget: THE SNP have challenged the Tory government to deliver an inflation-busting increase in ...
thenational.scot/news/23127745.snp-demand-inflation-busting-spending-boost-jeremy-hunts-budget/
SNP demand inflation-busting spending boost in Jeremy Hunt's Budget
Higher taxes for the wealthiest announced in Autumn Statement: People have been warned that 'difficult decisions' will have to be made
walesonline.co.uk/news/politics/chancellor-jeremy-hunt-reveals-autumn-25536518
Higher taxes for the wealthiest announced in Autumn Statement
Hunt gives NHS less than half the cash it asked for as experts warn hospital upgrades at risk
inews.co.uk/news/health/jeremy-hunt-nhs-hospitals-autumn-statement-1979455
Hunt gives NHS less than half the cash it asked for as experts warn ...
Jeremy Hunt unveils £55bn fiscal squeeze as UK economic outlook darkens: Chancellor pushes back many measures announced in Autumn Statement until after expected ...
ft.com/content/5daeca83-dc55-4371-bfe3-b20140cf1fe1
Jeremy Hunt unveils £55bn fiscal squeeze as UK economic outlook darkens
Jeremy Hunt has allowed the pendulum to swing too far to self-defeating austerity
inews.co.uk/opinion/jeremy-hunt-has-allowed-the-pendulum-to-swing-too-far-to-self-defeating-austerity-1979963
Jeremy Hunt has allowed the pendulum to swing too far to self-defeating ...
Unions say 'co-ordinated action is likely’ as Autumn budget fails to address strike demands
inews.co.uk/news/union-co-ordinated-strike-action-autumn-budget-fails-1978823
Unions say 'co-ordinated action is likely’ as Autumn budget fails to ...
The triple lock is a welcome relief for pensioners who don't get to eat out or go on holiday
inews.co.uk/opinion/the-triple-lock-is-a-welcome-relief-for-pensioners-who-dont-get-to-buy-luxuries-eat-out-or-go-on-holidays-1979399
The triple lock is a welcome relief for pensioners who don't get to ...
UK faces biggest fall in living standards on record: Household incomes are forecast to fall 7% when adjusted for inflation and not recover for six years.
bbc.com/news/business-63659936
UK faces biggest fall in living standards on record
Eight Autumn Budget announcements set to affect the cost of living - and what was missing
itv.com/news/2022-11-17/eight-budget-announcements-set-to-affect-cost-of-living-and-what-was-missing
Eight Autumn Budget announcements set to affect the cost of living - and ...
Autumn Budget Q&A: What do the chancellor's financial plans mean for you? : ITV News Social Affairs Correspondent Sarah Corker has been answering your questions ...
itv.com/news/2022-11-17/autumn-budget-q-and-a-what-do-the-chancellors-financial-plans-mean-for-you
Autumn Budget Q&A: What do the chancellor's financial plans mean for you?
‘A great outcome’: Charities welcome protection to benefits and pensions in Autumn Statement
standard.co.uk/news/uk/benefist-pensions-autumn-statement-2022-rising-in-line-with-inflation-reaction-charities-b1040703.html
‘A great outcome’: Charities welcome protection to benefits and pensions ...
30,669 Stokies on Universal Credit to get 10.1% rise next year: Chancellor Jeremy Hunt confirmed the inflationary increase to working age benefits and the state ...
stokesentinel.co.uk/news/stoke-on-trent-news/30669-stokies-universal-credit-101-7835466
30,669 Stokies on Universal Credit to get 10.1% rise next year
Dorset reaction to what was in the chancellor's autumn statement: JEREMY Hunt has been accused of devising “a recipe for a longer and deeper recession” after ...
bournemouthecho.co.uk/news/23132570.dorset-reaction-chancellors-autumn-statement/
Dorset reaction to what was in the chancellor's autumn statement
Autumn statement as a winter bomb: Expensive bill for Britons: With tax increases and spending cuts, the British finance minister wants to find tens of billions ...
wz.de/wirtschaft/herbst-statement-als-winter-bombe-teure-rechnung-fuer-briten_aid-80093561
Autumn statement as a winter bomb: Expensive bill for Britons
Jeremy Hunt's reasons for the UK's economic problems, fact-checked: Jeremy Hunt told the House of Commons: 'There may be a recession made in ...
inews.co.uk/news/autumn-statement-jeremy-hunt-uk-economic-problems-1977330
Jeremy Hunt's reasons for the UK's economic problems ...
Mixed reaction to Chancellor's financial plan in North East: THE Chancellor's Autumn Statement has been met with mixed reaction from the North East today.
hexham-courant.co.uk/news/23132750.mixed-reaction-chancellors-financial-plan/
Mixed reaction to Chancellor's financial plan in North East
Morning Bid: Bear Hunt: A look at the day ahead in U.S. and global markets from Mike Dolan.
reuters.com/markets/us/global-markets-view-usa-2022-11-17/
Morning Bid: Bear Hunt
Oklahoma food bank demand spiking in metro area as residents are squeezed by inflation
oklahoman.com/story/news/2022/11/17/okc-food-bank-partners-with-google-to-fight-hunger-during-holidays/69640883007/
Oklahoma food bank demand spiking in metro area as residents are squeezed ...
Burnley MP says Ukraine and Covid were backdrop to Autumn Statement: Burnley MP Antony Higginbotham has given his thoughts on today’s Autumn Statement from ...
burnleyexpress.net/news/politics/burnley-mp-says-ukraine-and-covid-were-backdrop-to-autumn-statement-3922517
Burnley MP says Ukraine and Covid were backdrop to Autumn Statement
Will the autumn statement do enough to ease the recession? Our panel’s verdict: The chancellor has presented the government’s economic plans as Britain suffers ...
theguardian.com/commentisfree/2022/nov/17/will-the-autumn-statement-do-enough-to-ease-the-recession-our-panels-verdict
Will the autumn statement do enough to ease the recession? Our panel’s ...
Jeremy Hunt takes the tax burden to post-war high: Jeremy Hunt has just announced the most austere fiscal statement since 2010. The Chancellor’s plan to plug the ...
spectator.co.uk/article/jeremy-hunts-austere-autumn-statement/
Jeremy Hunt takes the tax burden to post-war high
'Budget protects pensioners and lower paid but does little for others': Today's Budget will protect pensioners and the lower paid but does little to help ...
lynnnews.co.uk/news/budget-protects-pensioners-and-lower-paid-but-does-little-f-9284861/
'Budget protects pensioners and lower paid but does little for others'
Autumn Statement: What it means for your money : Key changes affecting personal taxes, investments, pensions and property
ft.com/content/11a826bf-6cd2-410f-8d05-254ad833fb75
Autumn Statement: What it means for your money
Will the autumn statement dig the Tories out of their hole?: 'Full-blown' budget full of measures that could've come from a Labour chancellor.
news.stv.tv/politics/bernard-ponsonby-chancellor-jeremy-hunts-autumn-statement-was-like-a-full-blown-budget
Will the autumn statement dig the Tories out of their hole?
UK budget will lead to 'shallower downturn' - Hunt: Britain has unveiled an austerity budget with £55 billion of tax hikes and spending cuts ...
rte.ie/news/business/2022/1117/1336610-uk-budget/
UK budget will lead to 'shallower downturn' - Hunt
Council tax: London boroughs where bills could hit £2,000 for first time next year
standard.co.uk/news/london/council-tax-london-bills-inflation-jeremy-hunt-autumn-statement-budget-b1040303.html
Council tax: London boroughs where bills could hit £2,000 for first time ...
UK lays out tax rises and spending cuts in $65 billion budget: Finance minister Jeremy Hunt unveiled a new budget as the UK battles to rebuild its economic ...
markets.businessinsider.com/news/currencies/uk-tax-rises-spending-cuts-finance-minister-jeremy-hunt-budget-2022-11
UK lays out tax rises and spending cuts in $65 billion budget
Jeremy Hunt tells Commons: 'UK is now in recession': THE UK is “now in recession” Jeremy Hunt has told the Commons as he set out a series of tax rises and ...
heraldscotland.com/politics/23131781.jeremy-hunt-tells-commons-uk-now-recession/
Jeremy Hunt tells Commons: 'UK is now in recession'
Jeremy Hunt says UK is in recession and thousands will lose their jobs: The Chancellor has been setting out hs autumn statement
walesonline.co.uk/news/uk-news/jeremy-hunt-says-uk-recession-25538566
Jeremy Hunt says UK is in recession and thousands will lose their jobs
Autumn Statement 2022: Key points from Jeremy Hunt’s speech: The Chancellor said his priorities were stability, growth and public services as he delivered the ...
standard.co.uk/news/uk/autumn-statement-2022-jeremy-hunt-chancellor-tax-cuts-energy-price-cap-nhs-social-care-income-tax-b1040648.html
Autumn Statement 2022: Key points from Jeremy Hunt’s speech
Pensioners to receive an extra £870 a year as triple lock rise confirmed by Jeremy Hunt
inews.co.uk/inews-lifestyle/money/state-pension-increase-guaranteed-triple-lock-1976911
Pensioners to receive an extra £870 a year as triple lock rise confirmed ...
Jeremy Hunt says inflation ‘thwarting’ economic growth and warns of tough tax hikes
independent.co.uk/news/uk/politics/tax-rises-inflation-jeremy-hunt-budget-b2226122.html
Jeremy Hunt says inflation ‘thwarting’ economic growth and warns of tough ...
Three ways Hunt’s Autumn Statement will be judged: The government expects its Autumn Statement to be judged on three tests. First of all ...
spectator.co.uk/article/is-the-autumn-statement-fair/
Three ways Hunt’s Autumn Statement will be judged
What is ‘fiscal drag’ and how has Hunt used it in his autumn statement?: Stealth tactic pulls more taxpayers into higher brackets by freezing thresholds despite ...
theguardian.com/uk-news/2022/nov/17/what-is-fiscal-drag-and-how-could-hunt-use-it-in-his-autumn-statement
What is ‘fiscal drag’ and how has Hunt used it in his autumn statement?
Hunt blames ‘recession made in Russia’ as he increases taxes and cuts spending: Jeremy Hunt said he was taking difficult decisions in the face of high inflation ...
shropshirestar.com/news/uk-news/2022/11/17/hunt-blames-recession-made-in-russia-as-he-increases-taxes-and-cuts-spending/
Hunt blames ‘recession made in Russia’ as he increases taxes and cuts ...
UK 'in recession' as Hunt reveals Autumn Statement budget cuts: The Scottish Government will receive an extra £1.5bn as part of the package ...
news.stv.tv/politics/uk-officially-in-recession-as-chancellor-jeremy-hunt-reveals-autumn-statement-budget-cuts
UK 'in recession' as Hunt reveals Autumn Statement budget cuts
UK economy set to shrink next year, Hunt says in budget speech: Britain's economy has come under strain from an inflation rate now above 11%
irishexaminer.com/business/economy/arid-41008826.html
UK economy set to shrink next year, Hunt says in budget speech
Jeremy Hunt Autumn Statement - 22 things announced in Budget: The Chancellor was on his feet at the despatch box in the House of Commons to reveal the ...
birminghammail.co.uk/news/midlands-news/jeremy-hunt-autumn-statement-22-25538670
Jeremy Hunt Autumn Statement - 22 things announced in Budget
What Jeremy Hunt's Autumn Statement means for people in Stoke-on-Trent: The chancellor has just announced huge cuts and de-facto tax rises
stokesentinel.co.uk/news/cost-of-living/what-jeremy-hunts-autumn-statement-7832757
What Jeremy Hunt's Autumn Statement means for people in Stoke-on-Trent
UK to unveil plan for tax hikes and spending cuts to fight soaring inflation: Britain is set Thursday to unveil hefty tax rises and spending cuts at the risk of ...
france24.com/en/uk/20221116-britain-to-usher-in-a-new-era-of-austerity-from-tax-rises-to-spending-cuts
UK to unveil plan for tax hikes and spending cuts to fight soaring ...
Jeremy Hunt opens budget with bleak warning for future of our finances: The Chancellor has started to lay out plans to tackle a £54 billion package of tax hikes ...
metro.co.uk/2022/11/17/jeremy-hunt-delivers-budget-of-difficult-decisions-on-tax-and-spending-17775150/
Jeremy Hunt opens budget with bleak warning for future of our finances
Jeremy Hunt to present UK's autumn budget today, vows to 'restore stability, get inflation down'
wionews.com/videos/jeremy-hunt-to-present-uks-autumn-budget-today-vows-to-restore-stability-get-inflation-down-534971
Jeremy Hunt to present UK's autumn budget today, vows to 'restore ...
LIVE blog - Jeremy Hunt delivers the Autumn Budget Day 2022: Good morning and welcome to City A.M's live updates as the Chancellor of the Exchequer ...
cityam.com/live-updates-autumn-budget-day-2022/
LIVE blog - Jeremy Hunt delivers the Autumn Budget Day 2022
Autumn statement: Hastings man has 'little faith' in Conservatives: A Hastings man with cancer has “little faith” in the Conservatives to help those struggling ...
theargus.co.uk/news/23131075.autumn-statement-hastings-man-little-faith-conservatives/
Autumn statement: Hastings man has 'little faith' in Conservatives
What is inflation and why is it rising?: Consumer Prices Index hits 41-year high as energy and food costs skyrocket
theweek.co.uk/business/economy/956914/what-is-inflation
What is inflation and why is it rising?
Rishi Sunak can’t blame financial markets for his spending cuts: Investors panicked by the reckless mini-Budget won’t be happy when the Autumn Statement’s ...
newstatesman.com/quickfire/2022/11/rishi-sunak-spending-cuts-autumn-statement-markets
Rishi Sunak can’t blame financial markets for his spending cuts
What do we know will be in the budget and how will it affect me?: In a matter of hours, Jeremy Hunt will unveil a Budget poised to weather 'an economic ...
metro.co.uk/2022/11/17/what-do-we-know-will-be-in-the-budget-and-how-will-it-affect-me-17774884/
What do we know will be in the budget and how will it affect me?
What to Expect From the U.K.’s Budget Proposals Today: Tax increases and spending cuts are expected as the government tries to stabilize its finances and ...
nytimes.com/2022/11/17/world/europe/uk-budget-taxes.html
What to Expect From the U.K.’s Budget Proposals Today
Labour must resist the siren calls of austerity: The party should enter the debate over the Autumn Statement prepared to fight and win an ideological battle.
newstatesman.com/comment/2022/11/labour-resist-austerity-siren-calls
Labour must resist the siren calls of austerity
Health Secretary Steve Barclay hints autumn statement will provide NHS with more money
news.sky.com/story/health-secretary-steve-barclay-hints-autumn-statement-will-provide-nhs-with-more-money-12748790
Health Secretary Steve Barclay hints autumn statement will provide NHS ...
Five charts that will shape the UK’s autumn statement: Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest ...
theguardian.com/business/2022/nov/17/five-charts-that-will-shape-the-uks-autumn-statement
Five charts that will shape the UK’s autumn statement
UK Inflation Soars, Now Highest In 41 Years: British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis ...
ndtv.com/world-news/uk-inflation-soars-now-highest-in-41-years-3527877
UK Inflation Soars, Now Highest In 41 Years
Rishi Sunak wants to be 'fiscal hawk' unafraid to make cuts - but at what cost financially and politically?
news.sky.com/story/rishi-sunak-wants-to-be-fiscal-hawk-unafraid-to-make-cuts-but-at-what-cost-financially-and-politically-12749149
Rishi Sunak wants to be 'fiscal hawk' unafraid to make cuts - ...
Hunt: 'Path to stability depends on taking difficult decisions now': The chancellor will speak in the House of Commons on Thursday.
news.stv.tv/politics/jeremy-hunt-path-to-stability-depends-on-taking-difficult-decisions-now
Hunt: 'Path to stability depends on taking difficult decisions ...
The taxman cometh: Hunt prepares to deliver toughest Budget in years: Jeremy Hunt will launch a vicious round of tax hikes and spending cuts tomorrow as he vows ...
cityam.com/the-taxman-cometh-hunt-prepares-to-deliver-toughest-budget-in-years/
The taxman cometh: Hunt prepares to deliver toughest Budget in years
Hunt reveals new age of austerity as UK faces £54bn in cuts and tax rises: Jeremy Hunt will insist that his 'compassionate' plan will protect public ...
inews.co.uk/news/politics/jeremy-hunt-rishi-sunak-reveal-new-age-austerity-as-nation-faces-56bn-cuts-tax-rises-1976291
Hunt reveals new age of austerity as UK faces £54bn in cuts and tax rises
Similar to This
Just hours after the PL charged Man City with 115 breaches of financial rules, Khaldoon Al Mubarak had a meeting with then UK finance minister Jeremy Hunt ...
ft.com/content/871a70e6-7e3b-4add-b51c-88497b1919c3
Just hours after the PL charged Man City with 115 breaches of financial ...
Reeves beats Kwarteng to ‘worst chancellor’ in new ranking: Just months after her exit from Number 11, Rachel Reeves has been given the dubious honour of being ...
cityam.com/reeves-beats-kwarteng-to-worst-chancellor-in-new-ranking/
Reeves beats Kwarteng to ‘worst chancellor’ in new ranking
Jeremy Hunt discusses Britain's economic future in Salisbury: Former Chancellor Jeremy Hunt discusses Britain's economic future and his book Can We Be Rich ...
salisburyjournal.co.uk/news/26596075.jeremy-hunt-discusses-britains-economic-future-salisbury/
Jeremy Hunt discusses Britain's economic future in Salisbury
Jeremy Hunt: Raising bank taxes would hurt us all. Don’t do it: The former Tory chancellor says that while increasing the bank surcharge may look tempting ...
thetimes.com/business/economics/article/jeremy-hunt-cgt-bank-taxes-rlqz6kd3k
Jeremy Hunt: Raising bank taxes would hurt us all. Don’t do it
'Outrageous' tax charges for 'simple' extensions must end, say Surrey MPs: Waverley Borough Council said it has lobbied government for change but until then has ...
getsurrey.co.uk/news/surrey-news/outrageous-tax-charges-simple-home-31659459
'Outrageous' tax charges for 'simple' extensions must end, say Surrey MPs
UK risks debt crisis as Tories and Labour ignore IMF over tax cuts: Both main parties are committed to spending plans which the International Monetary Fund said ...
inews.co.uk/news/politics/uk-debt-crisis-tories-labour-imf-tax-cuts-3067911
UK risks debt crisis as Tories and Labour ignore IMF over tax cuts
UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes: The UK boosted its borrowing plans after the government’s budget shortfall overshot forecasts ...
bloomberg.com/news/articles/2024-04-23/uk-budget-deficit-overshoots-in-setback-for-hunt-s-tax-cut-plans
UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes
Jeremy Hunt gets £12billion more 'headroom' so could slash another 2p off National Insurance, says IFS
standard.co.uk/news/politics/chancellor-jeremy-hunt-cut-national-insurance-tax-budget-election-b1151690.html
Jeremy Hunt gets £12billion more 'headroom' so could slash another 2p off ...
Spring Budget 2024: Ask John Rentoul what it will mean for your money and the future of the Tories
independent.co.uk/news/uk/politics/spring-budget-2024-questions-jeremy-hunt-b2506661.html
Spring Budget 2024: Ask John Rentoul what it will mean for your money and ...
Jeremy Hunt handed tax boost as UK posts record monthly budget surplus: Analysts say figures give chancellor slightly more leeway for tax cuts before general ...
theguardian.com/business/2024/feb/21/jeremy-hunt-tax-boost-uk-budget-surplus-tax-cuts-election
Jeremy Hunt handed tax boost as UK posts record monthly budget surplus
Key FactsRecord Budget Surplus in UK
Feb 21, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnbc.com
  • UK achieved a record £16.7 billion surplus in January.

  • Self-assessed income tax payments contributed to the surplus this month.

  • Total tax receipts amounted to £90.8 billion in January, showing an increase from the previous year.

  • Public debt stands at 96.5% of annual GDP, up from the previous year.
Hunt warned against funding tax giveaway with future spending cuts: The Treasury is understood to have less fiscal headroom than earlier thought
inews.co.uk/news/politics/hunt-funding-tax-cuts-spending-cuts-2908665
Hunt warned against funding tax giveaway with future spending cuts
The Standard View: Scrap the tourist tax in your Budget, Mr Hunt: It costs money, jobs and drives foreign visitors away from London: apart from that ...
standard.co.uk/comment/tourist-tax-vat-free-shopping-jeremy-hunt-budget-b1137116.html
The Standard View: Scrap the tourist tax in your Budget, Mr Hunt
Chancellor says less room for tax cuts in spring Budget than in autumn: 'It doesn't look like I'll have the kind of room that I had for those very big tax cuts ...
itv.com/news/2024-01-31/chancellor-says-less-room-for-tax-cuts-in-spring-budget-than-in-autumn
Chancellor says less room for tax cuts in spring Budget than in autumn
Jeremy Hunt's hopes for budget tax cuts get a boost: The latest borrowing figures come in much lower than expected but the chancellor faces risks if he aims ...
news.sky.com/story/hunts-hopes-for-budget-tax-cuts-get-a-boost-13054435
Jeremy Hunt's hopes for budget tax cuts get a boost
We will cut taxes if we can, Jeremy Hunt confirms after surprise inflation fall: The Chancellor is under pressure to reduce taxes which are projected to be at ...
inews.co.uk/news/politics/taxes-jeremy-hun-inflation-fall-2820854
We will cut taxes if we can, Jeremy Hunt confirms after surprise inflation ...