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 […]
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’ […]
CashNews.co This Diwali, Prodigy Finance extends its warmest wishes to all Indian students, whether studying in India or abroad. Diwali is all about light, hope, and new beginnings, and it resonates with every student who is aspiring for higher education. This year, the company has introduced some new courses and universities in the UK, expanding […]
CashNews.co Presenting Prime Minister Keir Starmer-led Labour government’s first budget, Rachel Reeves promised an annual £3 billion support for Ukraine on top of a £2.26 billion loan read more The United Kingdom’s Chancellor of the Exchequer, Rachel Reeves, on Wednesday (October 30) promised an annual 3 billion-pound support for Ukraine would continue for “as long […]
CashNews.co What’s going on here? The UK’s FTSE 100 is set to open lower, with futures dipping 0.5% as investors brace for economic shifts driven by expected tax hikes and significant borrowing plans. What does this mean? The UK finance minister is gearing up to unveil the largest tax hikes in 30 years, aiming to […]
CashNews.co Expand Energy Corp (NASDAQ:EXE) faces a challenging financial landscape with a net loss and decreased revenues. Despite financial setbacks, the company maintains a focus on developing natural gas, oil, and NGL resources. Opportunities in sustainable energy ventures and market expansion present potential growth avenues. Market volatility and operational risks remain significant threats to EXE’s […]
CashNews.co The Scottish Government have led calls urging the Chancellor, Rachel Reeves, to invest to help support growth rather than make cuts to the UK Budget. It is expected in Reeves’s announcement of the budget today, Wednesday, there will be a sleuth of cuts as Labour aims to plug a £22 billion “black hole”, which […]
CashNews.co In Sacha, a village in the mountainous Khyber Pakhtunkhwa region of northern Pakistan, the effects of floods in 2022—which left a third of the country underwater and 1,700 people dead—are still being felt. The floodwater took out the Sacha and Mairah bridge, a vital local crossing over the Panjkora river. Without it, villagers must […]
CashNews.co UK trade minister says budget to repair finances and provide reform UK Trade minister Douglas Alexander answers questions during an interview in Geneva, on October 21, 2024. Fabrice Coffrini | Afp | Getty Images U.K. Trade Minister Douglas Alexander said that Wednesday’s budget would repair the country’s finances and provide critical reform. “This will […]
CashNews.co LONDON (Reuters) – Sterling traders rushed to hedge against big price moves on Wednesday, with just hours to go before Labour finance minister Rachel Reeves’ first budget, while the pound held steady against the dollar and the euro. One-week implied options volatility – a measure of demand to protect against large moves in the […]