Finance News – Chancellor
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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...
Read Full Article →Reeves vows to reinstate some winter fuel payments this year
The Chancellor’s commitment to restore certain winter fuel subsidies aims to provide financial relief to households, while maintaining current income tax, VAT, and national insuran...
Read Full Article →Rachel Reeves announces £15bn investment for trams, trains and buses outside London – video
The government plans to allocate £15 billion toward enhancing public transportation infrastructure across northern England and the Midlands, including significant funding for tram...
Read Full Article →Labour forced to postpone £5,000-a-head business conference
The delay of the exclusive business event, featuring key government officials, may impact planned investments and networking opportunities that typically generate substantial econo...
Read Full Article →Rachel Reeves looks to spending review to shift focus from welfare cuts
The upcoming spending review aims to highlight increased funding for regional transport infrastructure as a key economic priority, potentially balancing previous reductions in soci...
Read Full Article →Non-dom exodus could blow ‘black hole’ in public finances
A significant number of non-domiciled individuals departing the UK may substantially reduce government revenue, potentially eliminating available budget flexibility and impacting f...
Read Full Article →Andy Haldane: Reeves ‘not even close’ on growth after ‘rookie errors’
Andy Haldane criticized the government's economic approach under Rachel Reeves, suggesting that recent policy decisions have fallen short of effectively stimulating sustainable fin...
Read Full Article →Reeves inheritance tax raid to cost ‘staggering’ 200,000 jobs
The recent adjustments to inheritance tax policies are projected to threaten over 200,000 positions within the next five years, significantly affecting family-operated enterprises...
Read Full Article →Reeves’ spending review ‘natural point’ to boost defence -IFS
The forthcoming fiscal assessment offers an opportunity to increase military funding, as analysts highlight that healthcare and defense budgets will be central to the Chancellor’s...
Read Full Article →HMRC review signals potential pension tax changes in Autumn
A government review of workplace retirement plans may lead to adjustments in tax advantages for pension contributions, potentially affecting the savings and financial planning of i...
Read Full Article →Reeves in standoff with ministers over proposed cuts to public services
The potential reductions in funding for public services such as policing and social housing have raised concerns about budget constraints and the need for adjustments to fiscal pol...
Read Full Article →Week in Business: Will Starmer sack Rachel Reeves?
Labour's current economic approach faces increasing scrutiny, prompting speculation that Keir Starmer might consider appointing a new Chancellor to influence the party’s financial...
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