Uncertainties In The UK’s Spring Statement
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experts warning that the Chancellor Rachel Reeves may need to raise taxes later this year
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An increase in government borrowing costs since then meant that that room to spare had disappeared. Now big welfare cuts and spending reductions in the Spring Statement have restored it.
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There were no tax rises announced at the Spring Statement this week, as the chancellor had signalled. However, the worsening state of the UK economy and public finances mean many experts are convinced that tax rises will be back on the table at the autumn Budget.
Chancellor Rachel Reeves shared her Spring Statement to parliament today and as expected it was full of spending cuts - here is a full list of those who can be considered winners and the losers
A 25 per cent tariff on vehicles imported to the US will come into effect on 2 April, the US president announced
Chancellor Rachel Reeves has confirmed in the Spring Statement that reforms to Individual Savings Accounts (ISAs) are on the horizon, hinting that the cash ISA limit may still be cut. Rumours before the Spring Statement suggested that Reeves was considering instituting a £4,
The OBR forecast is expected to be an embarrassing downgrade for the Government, with the growth rate for the 2025 financial year dropping from 2pc to 1pc.
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The Chancellor confirmed there would be no tax changes in her announcement on Wednesday (March 26), a political expert has shared, but this could mean balancing the books in other ways
The construction skills funding package announced at the weekend totals £745m across the entire UK, Construction News has discovered, but three quarters
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