FTSE 100 close: Global banking rout weighs on index as budget does little to lift sentiment March 15, 2023 London’s FTSE 100 slumped this afternoon as the banking sector faced a major sell-off following concerns over the future of Credit Suisse. The capital’s premier index closed 3.83 per cent lower at 7,344.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.63 per [...]
Budget: Hunt confirms energy price cap guarantee extension with household bills kept to £2,500 March 15, 2023 Chancellor Jeremy Hunt has confirmed that the Energy Price Guarantee will be extended at its current level/
Spring Budget 2023 – as it happened: Childcare costs, Brexit pub guarantee and plan for ’12 Canary Wharfs’ March 15, 2023 As Jeremy Hunt unveils his first full Spring Budget, we bring you all the latest news, opinion, analysis and reaction. Budget day – Live feed Support for parents with young children: Jeremy Hunt announced a series of reforms, starting “with the supply of childcare.” “We have seen a significant decline in childminders over recent years [...]
Everything we know about the Spring Budget 2023 so far March 15, 2023 Tomorrow, Chancellor Jeremy Hunt will stand on the steps of No11 Downing Street – holding the famous Budget 2023 red box. He’ll be the first Chancellor in the political turmoil of recent months to even hold on to the job long enough to reach this crucial point. The spring statement will lay out the government’s [...]
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
Budget exclusive: Hunt weighs up price floor on windfall tax over fears key North Sea project could collapse March 14, 2023 The government is weighing up plans to bring in a windfall tax price floor amid fears Equinor could pull out of a key oil and gas field.
Pension explainer: The lifetime allowance and why it’s not just for wealthy savers March 14, 2023 Speculation is growing that the Chancellor of the Exchequer Jeremy Hunt is looking at increasing the pension lifetime allowance (LTA). The move is being interpreted as attempting to reverse the trend of early retirements and get more over 50s to consider re-joining the workforce. Mr Hunt is keen to bolster Britain’s workforce as he looks to deliver [...]
Budget: Hunt considering pension changes to encourage over 50s back to work March 14, 2023 The Chancellor is understood to be looking at increasing the pension lifetime allowance (LTA) in a move that is being interpreted as attempting to reverse the trend of early retirements. The PA news agency understands Jeremy Hunt is considering allowing workers to put more money into their pension pot before being taxed as part of [...]
Budget: Why a high-tax country is still dealing with fraying public services March 14, 2023 Britain is on course to shoulder a tax burden that has “never been sustained before in its history” but is still grappling with fraying public services, a top economist has told City A.M. ahead of Chancellor Jeremy Hunt’s budget tomorrow. Carl Emmerson, deputy director of the Institute for Fiscal Studies (IFS), said the UK has [...]
London: West End and Knightsbridge urge Hunt to relax Sunday trading laws to bring in £350m extra March 13, 2023 The West End and Knightsbridge have urged the chancellor to relax Sunday trading restrictions and help them rake in an estimated £350m a year. The duo have submitted a joint proposal to Jeremy Hunt ahead of this week’s budget, urging the government to relax Sunday trading laws within the popular London districts in an effort [...]