Autumn Budget 2024: Capital gains tax hiked October 30, 2024 The maximum rate of capital gains tax will be hiked to 24 per cent, Chancellor Rachel Reeves announced in today’s Autumn Budget. “This means the UK will still have the lowest capital gains tax rate of any European G7 economy,” said Reeves in her speech to Parliament. Currently, higher-rate taxpayers face capital gains tax rates [...]
Autumn Budget 2024: OBR forecasts how much economy will grow October 30, 2024 Forecasts from the Office for Budget Responsibility were published alongside the new government's first Budget.
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 [...]
Autumn Budget 2024: UK government bonds volatile as FTSE 100 dips October 30, 2024 Financial markets have wobbled in response to the new government's maiden Budget, with gilt yields jumping and the FTSE 100 ticking down.
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 [...]
The Notebook: Say it however you like, a National Insurance hike is a tax on jobs October 30, 2024 Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.
Firms worry about flatlining growth amid Budget tax rises concerns October 30, 2024 Private sector firms expect to see growth flatline in the final months of the year, a survey suggests, as concerns about the Budget build. For the second successive month, the Confederation of British Industry’s (CBI) growth indicator showed that businesses do not expect to see any change in activity over the next quarter. The CBI [...]
These two mistakes are making today’s Budget harder than it needs to be October 30, 2024 The problem with Rachel Reeves promising both ‘stability’ and ‘growth’ is that the two can be mutually exclusive. Governments do not create growth; businesses do and they rely on innovation and risk taking, says Alys Denby Not since George Osborne’s ‘caesar’ cut has a Chancellor’s hair-do caused such a sensation. Did Rachel Reeves’ newly auburn [...]