Gilts, sterling and FTSE 250 slump as markets digest Budget borrowing plans October 31, 2024 UK government borrowing costs have climbed to their highest level this year as investors digested the impact of the new government's first Budget.
Reeves has chosen decline October 31, 2024 Labour have stuck to the line that they had “no choice” but to make “tough decisions”, but Rachel Reeves had an opportunity to put forward a Budget to kickstart economic growth, and she chose to do the opposite, says James Vitali “Politics is always a choice”, the Prime Minister said on Monday during a pre-Budget [...]
Rachel Reeves hands Team GB £344m fillip for LA 2028 Olympics October 31, 2024 Team GB’s Olympic and Paralympic athletes are set to receive the funding boost they have been calling for following yesterday’s Budget. Chancellor Rachel Reeves has committed to giving UK Sport £86m a year, an increase of 10 per cent on the last cycle, in the lead-up to the LA 2028 Games. UK Sport CEO Sally [...]
Autumn Budget 2024: Canada avoids ‘fright night’ tax raid from Rachel Reeves October 30, 2024 While Rachel Reeves’s maiden Budget will hike taxes by £40bn, Canada has been spared a worst case scenario, writes Elliot Gulliver-Needham. The City has issued a cautious sigh of relief after the Chancellor Rachel Reeves’ Autumn Budget failed to follow through on some of the more radical rumours floated over the past [...]
Let’s be honest… this Budget is austerity for the private sector October 30, 2024 Rachel Reeves has introduced a new kind of Marxism with this Budget, where private industry foots the bill for an expanding public sector, and the poorest don’t get better off, says Mattew Lesh Just two months ago, in a speech delivered inside Downing Street, Keir Starmer declared that growth and wealth creation were his government’s [...]
Autumn Budget 2024: Reeves spares banks from tax raid after lobbying October 30, 2024 The government has spared UK banks from a tax raid in its maiden Budget after lobbyists warned it could hurt the sector's international competitiveness.
Autumn Budget 2024: Taxes rocket by £40bn as employers told to pay more October 30, 2024 Rachel Reeves has hiked employers’ national insurance contributions (NICs) by 1.2 per cent, as she delivered the Labour government’s first Autumn Budget in office, which saw taxes rise by a record £40bn and government borrowing increase. The Chancellor unveiled the rise – which is set to see the levy hit 15 per cent for firms [...]
In defence of Treasury brain October 30, 2024 Treasury officials are often criticised for making budgets add up in the short term at the expense of long-term goals. That’s true, but imagine the money that would be wasted if they didn’t! Writes Joe Hill Budgets are divisive, everyone has their own gripe. Too much spending, or too little. Not enough growth, or too [...]
Budget 2024: Backbenchers and bus fares – the political traps to dodge? October 30, 2024 For any Chancellor, their first Budget is always going to be a major event. But for Rachel Reeves, taking to the despatch box today as Britain’s first female top finance minister, she will – one way or another – be making history. The details laid out in Labour’s first Budget after 14 years in opposition [...]
Why Rachel Reeves’s Budget is making businesses nervous | Bonds & Ballots October 30, 2024 City PM’s City Editor Charlie Conchie takes a look at all the alarms in the run-up to Labour’s first budget.
