Rachel Reeves hands Team GB £344m fillip for LA 2028 Olympics October 31, 2024 Team GB’s Olympic and Paralympic athletes are set to receive the funding boost they have been calling for following yesterday’s Budget. Chancellor Rachel Reeves has committed to giving UK Sport £86m a year, an increase of 10 per cent on the last cycle, in the lead-up to the LA 2028 Games. UK Sport CEO Sally [...]
Eurozone inflation rises faster than expected in October October 31, 2024 New 'flash' figures from Eurostat showed that inflation rose back up to 2.0 per cent, rising from 1.7 per cent in September and slightly higher than markets had expected.
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 [...]
Autumn Budget 2024: Landlords and renters hit by tax rise October 30, 2024 Labour’s Autumn Budget has introduced major tax changes which will impact landlords and renters across the UK. Chancellor Rachel Reeves, as expected, announced an increase in Capital Gains Tax (CGT) on higher-rate tax payers from 20 to 24 per cent, and basic-rate tax payers from 10 to 18 per cent. Yet, the nil rate band [...]
Tax burden to rise to historic highs after Labour’s first Budget, OBR says October 30, 2024 "This budget delivers one of the largest increases in spending, tax and borrowing of any fiscal event in history," Richard Hughes, chair of the OBR said following the Budget.
Autumn Budget 2024: Reeves commits £5bn for Government housebuilding programme October 30, 2024 Chancellor Rachel Reeves has committed in the Budget to more than £5bn of investment over 2025-2026 to deliver the Government’s ambitious plans on housing next year. In the Budget, Reeves announced a range of measures to support Labour’s target, including skills training, reforms to the planning system and additional assistance for affordable housing. She also [...]
Autumn Budget 2024: Train fares and price of railcards to rise October 30, 2024 The price of a train fare in England is to rise by up to 4.6 per cent in 2025, it has been announced. A Budget document published by the Treasury also revealed that the price of most railcards will also increase by £5. The increase in fares is one percentage point above July’s Retail Prices [...]
Autumn Budget 2024: All the key announcements October 30, 2024 After weeks of speculation, Rachel Reeves has delivered her first Budget as Chancellor to the House of Commons. The Budget was the first from a Labour government in 14 years and the first one ever by a female Chancellor. The 77-minute address to MPs featured a wide range of announcements which City AM has summarized [...]
Autumn Budget 2024: Sunak slams Labour for being dishonest with the British public October 30, 2024 Rishi Sunak has slammed the government for "not being straight with the British people", and argued that Labour's Budget is "saddling our children and grandchildren with billions upon billions of debt".
Autumn Budget 2024: Major HS2 and train route updates unveiled October 30, 2024 Chancellor Rachel Reeves has revealed in her first Budget that the Transpennine upgrade to connect York, Leeds, Huddersfield and Manchester will be secured under the new Labour government. Reeves said the money would deliver “fully electric local and regional services between Manchester and Stalybridge by the end of this year, with a further electrification of [...]