Finance News – Chancellor
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Reeves vows to shield UK from Israel-Iran price shock
The chancellor emphasized that all options remain open to mitigate the potential economic consequences of rising energy costs due to tensions between Israel and Iran.
Read Full Article →Reeves to lay out 10-year infrastructure plan worth £725bn
The upcoming infrastructure strategy aims to allocate substantial government funding over the next decade to enhance national growth and improve public services throughout the Unit...
Read Full Article →There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark
Paul Johnson highlights the challenge of managing the economy effectively amid political and public resistance to difficult financial decisions, impacting long-term fiscal leadersh...
Read Full Article →Big cities, big potential: The Spending Review rightly prioritises urban growth
The recent fiscal plan allocates increased resources to urban areas, aiming to enhance infrastructure and innovation, which is expected to improve economic performance and contribu...
Read Full Article →Demob-happy IFS director tears into Rachel Reeves’s spending review
The outgoing IFS director’s critical assessment suggests that the spending review may barely avoid tax increases, highlighting potential challenges in achieving fiscal targets with...
Read Full Article →UK economy suffers worst monthly contraction since 2023
The 0.3% drop in GDP during April marks a notable setback for the UK economy, underscoring the difficulty faced by the government in stimulating economic expansion.
Read Full Article →Reeves’ spending spree could open £20bn gap – which taxes will rise?
The substantial increase in government expenditure may create a significant budget shortfall, potentially leading to higher taxes if the anticipated economic growth does not materi...
Read Full Article →Reeves gambles on ‘renewing Britain’ to win trust of voters and see off Reform
The chancellor’s substantial infrastructure investments aim to secure voter confidence by prioritizing NHS and defence funding, while assuring Labour MPs that the upcoming spending...
Read Full Article →Reeves relaunches – but will it save Labour from Farage? – Politics Weekly UK
The recent funding increase across multiple public sectors indicates a strategic government effort to address current challenges and potentially influence the political landscape a...
Read Full Article →Only roaring growth can save Reeves, and the country
Sustained and rapid economic expansion is crucial for Reeves and the nation to improve fiscal stability and address ongoing financial challenges effectively.
Read Full Article →Economists warn Rachel Reeves could be forced to make ‘£20bn tax grab’
Following the announcement of increased government expenditures across various sectors, experts indicate that significant revenue increases may be necessary to address fiscal chall...
Read Full Article →Reform and Tories aligned on Spending Review criticism
The opposition has raised concerns about the government's fiscal strategy, highlighting significant increases in expenditure and borrowing that may impact economic stability throug...
Read Full Article →Spending Review: Gilt yields dip in relief for Rachel Reeves
Following the announcement of the government's Spending Review, UK government bond yields declined slightly, indicating investor confidence in the management of increased expenditu...
Read Full Article →Spending review: Reeves vows to ‘renew Britain’ with big rises for NHS, housing and defence
The planned allocation of over £100 billion towards health, defence, and infrastructure signals a strategic shift aimed at boosting public services and long-term investments while...
Read Full Article →Spending Review: Reeves piles billions into tech as firms cool on UK
The government significantly increased investment in research and development to support technological progress, despite recent withdrawals of several technology companies from the...
Read Full Article →Spending Review: Whitehall faces axe to fund Reeves’ spending spree
Significant reductions in budgets for key government departments will be implemented to allocate substantial funding toward healthcare improvements and advancements in artificial i...
Read Full Article →Spending Review: Reeves promises UK will become defence ‘superpower’
Chancellor Rachel Reeves announced an increase in military expenditure to 2.6 percent of GDP by 2027, indicating a significant boost in the UK’s defense-related financial commitmen...
Read Full Article →Rachel Reeves delivers spending review and says use of hotels for asylum seekers to end ‘in this par...
Ending the use of hotels for asylum seekers during this parliamentary term is projected to reduce government expenditures by approximately one billion pounds annually, impacting bu...
Read Full Article →Reeves to set out spending plans up to next election
The chancellor’s upcoming budget will outline funding allocations aimed at supporting healthcare, schools, infrastructure development, and various other key sectors through to the...
Read Full Article →More cash for schools, NHS and defence expected as chancellor unveils spending review
The upcoming spending review is anticipated to allocate substantial funding to key public sectors, including education, healthcare, and national security, reflecting the government...
Read Full Article →The Payments Association urges Chancellor to clarify the UK’s position on stablecoins
The Payments Association emphasizes the need for government guidance on stablecoins to provide clarity for the financial industry and support potential growth within the UK’s digit...
Read Full Article →UK unemployment rises to highest level in nearly four years
The rise in joblessness and slower wage advancements may reduce consumer spending power, potentially influencing monetary policy decisions and affecting overall economic growth in...
Read Full Article →Unemployment creeps up as firms cut jobs following Reeves tax raid
Recent job reductions by companies have led to a slight increase in the unemployment rate, potentially challenging government efforts to stimulate economic growth and improve emplo...
Read Full Article →Green light for Sizewell C as £14.2bn to go to major nuclear project as part of Spending Review
The government’s allocation of £14.2 billion to the Sizewell C project highlights a substantial investment in expanding nuclear energy infrastructure within the UK’s broader Spendi...
Read Full Article →Reeves’ central mission is in tatters
The recent poll highlights the Chancellor’s weakened standing, suggesting that the upcoming fiscal plan may face challenges in gaining public and political support amid ongoing eco...
Read Full Article →Reeves struggles to explain the genius of Labour’s winter fuel payment U-turn | John Crace
The decision to reduce winter fuel payments initially aimed to demonstrate fiscal responsibility but sparked political backlash that raised concerns about its potential impact on v...
Read Full Article →London ‘left out’ of Reeves’ spending review
London is expected to receive limited funding in the forthcoming budget, potentially affecting planned transport expansions such as the Bakerloo line extension and the DLR connecti...
Read Full Article →UK prioritises health and defence as other budgets face squeeze
The government's budget plans allocate increased funding to healthcare and defense sectors while imposing tighter restrictions on other areas, reflecting shifting fiscal priorities...
Read Full Article →Cut net zero and welfare spending instead of police budget, Tory MP blasts
A Tory MP argued that government funds for environmental goals and social support should be reduced rather than police financing, emphasizing the importance of maintaining law enfo...
Read Full Article →The Guardian view on Labour’s investment plans: sugaring the bitter pill of austerity | Editorial
The proposed investment strategy aims to stimulate economic growth and reduce regional disparities by improving infrastructure and productivity, though its impact may take time to...
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