‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
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.
Labour’s £28bn growth plan would see tax rises, Treasury minister argues December 16, 2023 Labour’s plans to borrow £28bn to invest in decarbonisation and green energy would lead to tax rises, the chief secretary to the Treasury has argued.
Covid inquiry: Sunak denies describing ‘clash’ between economy and public health December 11, 2023 Rishi Sunak denied describing a “clash” between the economy and public health during the Covid-19 pandemic, the official UK inquiry has heard.
More than half of London’s bank branches have shut since 2015 December 1, 2023 The capital has seen 745 branches - or 58 per cent - close down in the past eight years, data from Which.co.uk revealed.
Alistair Darling dies aged 70: Heartfelt tributes paid to ‘one of the great chancellors’ November 30, 2023 Former Labour Chancellor Alistair Darling has died aged 70, his family have confirmed.
Government ‘does not have any spending plans’ after March 2025, OBR chief says November 28, 2023 MPs scrutinised the OBR after its latest round of forecasts.
Treasury minister fails to rule out further tax cuts ahead of election November 26, 2023 A senior government minister has not ruled out the possibility of more tax cuts ahead of a general election, stating that the Autumn Statement had “set the direction of travel”.
‘A common sense move’: Boost for retail investors as Hunt confirms ISA shake up November 22, 2023 Jeremy Hunt has confirmed a sweeping shake-up of the UK’s individual savings account (ISA) regime today in a bid to free up cash to flow into the company’s equity markets.
OBR downgrades UK growth prospects as higher interest rates bite November 22, 2023 The Office for Budget Responsibility (OBR) has downgraded its growth forecasts for the UK economy over the next couple of years as higher interest rates bite.
Autumn Statement: Five things to look out for, from rabbits and taxes to pubs and cuts November 22, 2023 Chancellor Jeremy Hunt will today unveil the Autumn Statement. City A.M. has broken down our top five things to watch out for.