Inheritance tax on course for record year of receipts (again) amid calls to scrap it January 23, 2024 The Treasury collected £5.7bn from inheritance tax in the first three quarters of the 2024 financial year, according to figures released today.
Will lower inflation deliver the windfall the Chancellor Hunt is hoping for? January 23, 2024 But hang on. It was not that long ago that borrowing was coming in lower than expected because inflation was higher.
Falling inflation helps government borrow much less than expected in boost for tax cut hopes January 23, 2024 The latest round of figures come as the government lines up its latest round of tax cuts, which are likely to be announced in the Spring Budget.
Rishi Sunak insists Jeremy Hunt will still be Chancellor at election time January 22, 2024 Jeremy Hunt will still be Chancellor at the time of the general election, and is doing a “fantastic job”, Rishi Sunak has insisted.
Childcare costs mean it makes ‘no financial sense for many mothers to work’: official report January 17, 2024 London’s economy could be being held back by around £5bn a year due to issues with childcare costs and shortages.
Electoral and fiscal pressures will clash over the coming year – there can only be one winner January 17, 2024 The main political parties have received no shortage of warnings about reckless fiscal plans ahead of this year’s election.
UK government rejects calls for banks to pre-fund multibillion-pound deposit guarantee scheme January 11, 2024 The government has confirmed that it does not want British banks to imminently pay billions into a deposit insurance guarantee scheme designed to reduce the burden on taxpayers if lenders fail.
Post Office Horizon IT scandal: Fujitsu won £4.9bn in contracts since 2019 January 10, 2024 Contractor Fujitsu received £4.9bn in government contracts following a crucial 2019 court judgement which determined culpability in the Post Office scandal.
Jeremy Hunt signs ‘groundbreaking’ financial services agreement with Switzerland December 22, 2023 Chancellor Jeremy Hunt has signed what he called a “groundbreaking” deal with Switzerland on financial services.
How do the latest borrowing figures impact Hunt’s tax cut calculations? December 21, 2023 The Treasury borrowed £14.3bn in November, which was nearly £1bn less than this time last year but comfortably higher than economists had expected.