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Survey finds 60% of key cities councils are planning to sell assets to meet costs of adult and children’s social careEnglish councils are planning to sell social clubs, sports centres and shopping arcades as they bet on a fire sale of assets to balance…
Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates upRachel Reeves will raise £7.5bn from millions of workers by freezing tax thresholds at the budget, after her decision to scrap controv…
Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bnThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget …
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 …
Wall Street endured its worst day in a month on Thursday as fears that tech companies are now overvalued loom largeWall Street came under pressure on Thursday, enduring its worst day in a month as a sell-off of technology stocks intensified.After an ex…
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 …
Reading undershoots forecasts, with crippling Jaguar Land Rover hack helping pull September GDP down by 0.1%The UK economy expanded by just 0.1% in the quarter from July to September as the crippling cyber-attack on Jaguar Land Rover hit manufacturing….
Rachel Reeves will need to avoid depressing economy and hitting jobs while raising billions in extra taxUK unemployment rises to 5%, the highest level in four yearsBusiness live – latest updatesThere are significant implications from the latest unemplo…
ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrollsAnalysis: Rising unemployment could affect budget, interest rates, pay and moreBusiness live – latest updatesUnemployment in the UK has risen by m…
Experts say Brussels must stand up against Beijing using supplies of vital chips and minerals as ‘sword of Damocles’As interventions go it was pretty audacious. The Dutch government decision at the end of September to take over Nexperia, a Chinese-owne…