CashNews.co Pensioners will be handed a state pension Triple Lock boost next April as part of the Budget announcements made by Rachel Reeves today – but millions won’t get the benefit of the money at all. Chancellor Rachel Reeves today announced that the government will stick to the Triple Lock promise and raise state pensions […]
UK budget: financial services sector reaction #UKFinance
CashNews.co If the government is to be believed, this is a budget to boost growth. But critics respond that any boost to growth will be short-lived image credit shutterstock UK businesses have been hit with a sharp rise in taxes in the first Labour Party budget for 14 years. The government has committed to fund […]
UK’s finance minister presents budget, says GDP to grow 2% in 2025– faster than earlier predicted – Firstpost #UKFinance
CashNews.co The nation’s gross domestic product (GDP) is projected to increase by 1.1 per cent in 2024 and by 2 per cent in 2025 read more Britain’s economy is expected to grow faster than previously predicted this year and next, the country’s Chancellor of the Exchequer, Rachel Reeves, announced on Wednesday (October 30) while delivering […]
Rachel Reeves increases taxes by £40bn in budget to address ‘black hole’ in UK’s public finances – The Irish Times #UKFinance
CashNews.co The Labour Party’s first UK budget in more than 14 years was a tax-and-spend bonanza with huge new outlays on health, transport and education financed by extra borrowing and £40 billion of new taxes, the biggest fiscal expansion in more than 30 years. Rachel Reeves, the first woman to be chancellor of the exchequer, […]
UK Economy to Grow by 2.0% in 2024, Says Finance Minister #UKFinance
CashNews.co Jesse Pitts has been with the Global Banking & Finance Review since 2016, serving in various capacities, including Graphic Designer, Content Publisher, and Editorial Assistant. As the sole graphic designer for the company, Jesse plays a crucial role in shaping the visual identity of Global Banking & Finance Review. Additionally, Jesse manages the publishing […]
New UK debt chief sees ready appetite for more bond issuance #UKFinance
CashNews.co By David Milliken LONDON (Reuters) – Britain’s government bond market is well placed to absorb the higher debt issuance needed to fund the new Labour government’s budget plans, the head of the country’s debt agency told Reuters on Wednesday. The UK Debt Management Office revised up its gilt issuance plans for this financial year […]
UK’s HS2 rail line should run to central London, finance minister Reeves says #UKFinance
CashNews.co LONDON, Oct 30 (Reuters) – British finance minister Rachel Reeves said on Wednesday the southern leg of the HS2 railway line should run to central London, and that the government would commit funding to start the tunnelling required. The multi billion-pound project was scaled back by the previous government last year. Presenting the first […]
UK homebuilders rise after UK finance minister unveils over 5 bln pound housing investment #UKFinance
CashNews.co UK homebuilders rise after UK finance minister unveils over 5 bln pound housing investment XM does not provide services to residents of the United States of America. XM does not provide services to residents of the United States of America. Home Trading Trading At XM we offer Ultra Low Micro and Ultra Low […]
Rachel Reeves announces £40bn tax increase in UK Budget #UKFinance
CashNews.co UK chancellor Rachel Reeves has announced a £40bn tax increase, the biggest in a generation, with business bearing the brunt of a Budget she said would fix Britain’s “broken” public finances and public services. Extra borrowing averaging £28bn a year over the parliament unsettled investors on Wednesday, pushing government borrowing costs — which had […]
Rachel Reeves says she will raise taxes by £40bn #UKFinance
CashNews.co Rachel Reeves delivered Labour’s first budget in almost 15 years on Wednesday, with £40bn of tax rises, including a 1.2% increase to employer’s national insurance, for which the threshold has been cut to £5,000. The chancellor announced a swathe of “difficult but necessary decisions” to the House of Commons to restore economic stability. Employers’ […]