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Jitters over the UK’s autumn budget grow as chancellor Rachel Reeves abandons plans to raise income tax on 26 November The pound is now trading down just 0.24% versus the dollar at around £1.3159.The 10-year gilt yield is now up 0.06 percentage points …
Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wa…
Stronger finances require a stronger economy, but budget tax rises and spending cuts could squeeze activity further• Business live – latest updates• Economy grew by just 0.1% in third quarter amid hit from JLR cyber-attackRachel Reeves’s autumn budget …
It was hoped manifesto-breaking tax rises might bring down borrowing costs – but party turbulence is likely to spook investorsThere is one narrow, perilous route by which Rachel Reeves can successfully deliver her 26 November budget, and it runs right …
Weekly average for number of private sales per site drops 11% in key autumn period as property tax rumours swirlBusiness live – latest updatesThe British housebuilder Taylor Wimpey has reported a drop in sales in the key autumn period, blaming uncertai…
The European Parliament is fully committed to ensuring an ambitious European Union budget that meets the Union’s many challenges in the years to come.
Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growthAnalysis: Bank of England’s decision to keep interest rates at 4% is not all doom and gloomThe Bank of England has opened the door to a December i…
UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growthThe chancellor has decided against increasing taxes on banks in this month’s budget, according to reports, which sent UK bank shares higher o…
Boss of supermarket urges Rachel Reeves not to fuel inflation with tax rises on retailers and suppliersThe boss of Sainsbury’s has urged Rachel Reeves not to fuel inflation with tax rises on retailers and their suppliers and says shoppers are delaying …
EV drivers would face 3p-a-mile charge on top of other road taxes to offset falling revenue from petrol and diesel cars Rachel Reeves is drawing up plans for a new pay-per-mile tax for electric vehicles to announce in this month’s budget worth an extra…