Reeves told to use Spring Statement to fix ‘unintended consequences’ of Budget March 24, 2025 Rachel Reeves must use the Spring Statement to fix the “unintended consequences” of her Autumn Budget, the boss of a tax services firm has said. Tom Shave, President of the Europe and Asia-Pacific division at Ryan, has urged the Chancellor to use Wednesday’s update to provide businesses under economic pressure necessary support. Shave anticipated Reeves’ [...]
Spring Statement won’t ‘alter basics’, Starmer insists, amid tax cuts reports March 24, 2025 The Spring Statement this week will not “alter the basics” of public spending plans, Sir Keir Starmer has insisted.
What NOT to expect in the Spring Statement March 24, 2025 The Spring Statement shouldn’t be a big thing, but it’s increasingly feeling like it could be. Here's what Reeves should do, but won't.
Chancellor defends budget choices ahead of Spring statement March 23, 2025 Chancellor Rachel Reeves has defended the government’s recent budget decisions, claiming they were necessary for economic stability amid uncertain global conditions. In an interview with BBC’s Laura Kuenssberg on Sunday, Reeves emphasised the importance of making difficult choices to ensure long term fiscal responsibility. “There are always going to be costs for every choice you [...]
Rachel Reeves urged to prioritise public spending in UK spring statement March 23, 2025 Chancellor Rachel Reeves is being urged to prioritise “vital” funding for public services and reject the “failed approach of austerity” as she prepares to give a key statement on the economy. Reeves will deliver her spring statement on Wednesday, updating the Commons on the Government’s plans for the economy. But amid concerns that public spending [...]
Chancellor rules out ‘tax and spend’ policies ahead of spring statement March 22, 2025 The Chancellor has ruled out “tax and spend” policies ahead of her spring statement next week. Rachel Reeves is under pressure to increase taxes or cut spending to meet the financial rules she set at the budget in October amid disappointing growth figures and higher-than-expected borrowing. Figures released on Friday came as a further blow, [...]
OBR growth forecast ‘will be halved’ March 21, 2025 Chancellor Rachel Reeves’ hopes for growth are set to be shattered as another forecaster looks to downgrade expectations. The Bank of England halved its growth forecasts from 1.5 per cent to 0.75 per cent in February while the OECD recently dropped predictions the UK would expand by 1.7 per cent. Now The Telegraph is reporting [...]
Fintech boss outlines industry’s Spring Statement needs March 20, 2025 With the Chancellor’s Spring Statement under a week away, a fintech boss has laid out how the government must support the industry. Laurent Descout, co-founder and chief executive of payments platform NEO, said Rachel Reeves must prioritise support for the fintech sector through two key areas: university funding and helping small and medium-sized enterprises (SMEs). [...]
Voters will punish Labour if rhetoric on welfare doesn’t match reality March 20, 2025 Much like the previous Tory administration, this Labour government’s political downfall risks being driven by a vast gap between its promises and actual delivery, says Matthew Lesh The government has announced reforms aimed at getting the rising number of post-Covid jobless into the workforce and reducing the welfare bill. The Prime Minister presents the initiative [...]
Will Rachel Reeves hike taxes in her first Spring Statement? March 19, 2025 Chancellor Rachel Reeves is set to make her first Spring Statement next week, and rumours are starting to swirl that the tax hikes could be on the cards as she tries to get the government debt under control. Given the Chancellor’s commitment to just one major fiscal event a year the Spring Statement is intended [...]