Government hits £550m target in consultancy cuts October 30, 2024 The government is set to continue to bear down on consultancy spending as it expects to hit its £550m savings target on the external advice
Autumn Budget 2024: Treasury cracking down on fraud October 30, 2024 The Chancellor of the Exchequer has made fraud and error in the welfare system a priority, with a new programme aiming to save £4.3bn by the end of the decade
Autumn Budget 2024: Government to examine ‘tough alternatives to custody’ in prison reforms October 30, 2024 The Chancellor has revealed a £2.3bn investment in prison expansion to create thousands of new prison places, as the government aims to "repair the justice system"
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 [...]
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 AM’s City Editor Charlie Conchie takes a look at all the alarms in the run-up to Labour’s first budget.
Autumn Budget 2024 Live: Rachel Reeves unveils sweeping tax reforms October 30, 2024 Welcome to City AM’s Autumn Budget 2024 live blog in association with RBC Wealth Management. The Chancellor, Rachel Reeves, has set out out Labour’s tax and spending plans for the year ahead in the party’s first budget since coming to power over the summer. The Budget contains some of the biggest tax hikes in a [...]
Budget Day dawns: Bosses are ‘concerned and apprehensive’ October 30, 2024 Business leaders are concerned and apprehensive as Budget day dawns and firms from start-ups to Square Mile stalwarts wait with bated breath for Rachel Reeves to reveal the extent of the tax rises contained in the government’s first fiscal event after 14 years out of power. Pollsters asked bosses and senior executives to select from [...]
You can’t rebuild Britain by punishing people who build businesses October 30, 2024 Today, the Chancellor will attempt to write this government into a grand historical narrative that stretches back in Labour folklore to 1945. It was then, Rachel Reeves will say this afternoon, that the Labour Party “rebuilt our country out of the rubble of the Second World War.” Moving forward a couple of decades she will [...]
Serco takes UK government to court over prison contract October 29, 2024 British outsourcing giant Serco has launched legal proceedings against the UK government over a prison services contract, City AM can reveal.