In the headlines
“You cannot borrow your way to growth,” said Jeremy Hunt as he unveiled his Autumn Statement this morning. The Chancellor’s plan to reduce the deficit by £55bn includes lowering the 45p tax threshold from £150,000 to £125,000, and increasing the windfall tax on energy firms from 25% to 35%. The Republicans have taken control of the House of Representatives, the lower chamber of the US Congress. They will have a razor-thin majority of just a few seats, says The New York Times, but that will still be enough to “frustrate President Biden’s agenda” for the next two years. Snowdonia National Park will now call Mount Snowdon by its Welsh name, Yr Wyddfa (pronounced er with-va). For those worried they won’t be able to find Wales’s highest peak on a map, have no fear, says one Twitter user: “It’s a massive f***ing mountain.”