Labour’s tax raid is an act of spectacular dishonesty October 31, 2024 Warming up for the Budget in the Commons yesterday, Rishi Sunak and Keir Starmer engaged in a civilised, warm exchange in honour of the former’s final outing as Leader of the Opposition. They joked about cricket, Yorkshire and life as a constituency MP. Within a couple of hours, Sunak was back on his feet delivering [...]
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 [...]
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 [...]
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 [...]
How will the bond markets react to the Budget? October 30, 2024 For all the government’s promises of stability and hoped-for reductions in interest rates, UK yields on government bonds are now, in fact, very similar to the levels to which they rose under the ill-fated Truss government, says Paul Ormerod There has been a huge amount of speculation about the Budget. Later today we will of [...]
Budget 2024: No10 claim Hunt trying to ‘blame referee’ as OBR row heats up October 29, 2024 Jeremy Hunt is trying to “blame the referee” amid a row over an OBR review into the previous government’s departmental spending plans, No10 has claimed. The former Chancellor has criticised the Office for Budget Responsibility (OBR) for choosing to publish its findings as to whether it was given adequate financial information from Conservative ministers ahead [...]