Rachel Reeves said she was “confident” that trade flows with the US would continue under President-elect Donald Trump despite his proposed tariffs. The Chancellor was asked what effects the US election outcome would have on her growth plans when she faced questions from the House of Commons Treasury Committee. Live Politics: Starmer fights fire with … Read more
UK markets steadied on Friday, offering some reassurance to Rachel Reeves as investors, policymakers and business continue to digest the scale and implications of her first Budget. Testified on Thursday An unusually large increase In the cost of UK government borrowing in response to the massive package of tax rises and increased borrowing. Yields on … Read more
Britain’s four biggest supermarket chains face paying an extra £200m in National Insurance contributions between them, as the Chancellor prepares to raise tens of billions of pounds from raiding companies. Sky News understands that Tesco, Asda, J Sainsbury and Wm Morrison could be hit by an additional tax bill from a two percentage point increase … Read more
The British Medical Association (BMA) has issued a stark warning to the new Labor government over possible changes to pension tax relief. Members of the doctors’ union have written to Chancellor Rachel Reeves, urging her not to target key pension tax benefits or reintroduce the pension lifetime allowance in the upcoming autumn budget. Part of … Read more
Rachel Reeves will rewrite the Government’s fiscal rules in next week’s Budget to allow it to increase borrowing for public investment by around £50 billion. Speaking to Sky News in Washington, DC, the Chancellor said: Self-imposed rule Under which borrowing must decline by the fifth year of the economic outlook will be redefined from the … Read more