Autumn Budget 2024: Tax rises will hit workers’ pay, Reeves admits Politics Workers will see their pay hit by tax rises as it is “likely” companies will limit wage increases after the Budget saw business levies go up, Rachel Reeves has admitted. The Chancellor told BBC Breakfast that firms would have to absorb the costs of paying more employer national insurance contributions (NICs) or give out smaller [...]
Autumn Budget 2024: Vaping tax and tobacco duty to increase Politics Smokers and vapers are set to pay more in Britain as Chancellor Rachel Reeves today announced a new vaping tax and an increase in tobacco duty during her Autumn Budget. She confirmed that the government will introduce a “flat rate duty” on all vaping liquid from October 2026, while also renewing the tobacco duty escalator [...]
Autumn Budget 2024: Taxes rocket by £40bn as employers told to pay more Politics Rachel Reeves has hiked employers’ national insurance contributions (NICs) by 1.2 per cent, as she delivered the Labour government’s first Autumn Budget in office, which saw taxes rise by a record £40bn and government borrowing increase. The Chancellor unveiled the rise – which is set to see the levy hit 15 per cent for firms [...]
Budget 2024: Backbenchers and bus fares – the political traps to dodge? October 30, 2024 For any Chancellor, their first Budget is always going to be a major event. But for Rachel Reeves, taking to the despatch box today as Britain’s first female top finance minister, she will – one way or another – be making history. The details laid out in Labour’s first Budget after 14 years in opposition [...]
Autumn Budget 2024: UK government bonds volatile as FTSE 100 dips October 30, 2024 Financial markets have wobbled in response to the new government's maiden Budget, with gilt yields jumping and the FTSE 100 ticking down.
Why Rachel Reeves’s Budget is making businesses nervous | Bonds & Ballots October 30, 2024 City AM’s City Editor Charlie Conchie takes a look at all the alarms in the run-up to Labour’s first budget.
Ahead of the Game: A$AP Rocky’s Tranmere takeover hits a snag October 30, 2024 City AM has learned that one of Tacopina's key investors, who was providing around 30 per cent of the funding, pulled out last week.
You can’t rebuild Britain by punishing people who build businesses October 30, 2024 Today, the Chancellor will attempt to write this government into a grand historical narrative that stretches back in Labour folklore to 1945. It was then, Rachel Reeves will say this afternoon, that the Labour Party “rebuilt our country out of the rubble of the Second World War.” Moving forward a couple of decades she will [...]