Government borrows more than expected in February, but on track for lowest annual total in four years March 21, 2024 The borrowing figures are the first since Jeremy Hunt's Spring Budget, in which he cut National Insurance by a further 2p.
Hunt doubles down on ‘long term ambition’ to abolish National Insurance March 13, 2024 Jeremy Hunt today doubled down on his "long term ambition" to abolish employee National Insurance, but economists were doubtful that the measure will ever be implemented.
Gilts: Investors aren’t scared of UK’s ballooning deficit – yet March 13, 2024 Surging demand for UK gilts comes even as the Treasury announced plans in the Spring Budget to borrow more than ever from the private sector.
Spring Budget 2024: Six things to look out for March 5, 2024 One thing is certain in the Spring Budget: Hunt will cut taxes. We do not know exactly what taxes he will cut or by how much, but with the Conservatives trailing Labour by as much as 20 percentage points, tax cuts are guaranteed.
Treasury has no way of recording value for money on borrowing, MPs find March 5, 2024 Government borrowing has ballooned since the early 2000s as a result of a succession of crises, rising from around £300bn in 2003 to as much as £2.5trn last year.
Spring Budget 2024: City tells Hunt to axe the share tax March 4, 2024 Leading City figures have called on the Chancellor to scrap the stamp duty on buying shares in a bid to boost London's capital markets and support growth.
Politics to set the tone for markets as election campaigns step up March 3, 2024 Politics will compete with economic data for investors' focus this week, with events in the US and the Spring Budget likely to attract a lot of attention alongside the latest figures on the US labour market.
Spring Budget 2024: Hunt considering scrapping non-dom rules to fund tax cuts February 29, 2024 With less than a week to go until next week's Budget, the Chancellor is looking for extra sources of revenue to fund his tax-cutting agenda.
Budget: Hunt should prioritise cutting ‘damaging’ stamp duty rather than income tax, IFS says February 27, 2024 Despite the government's parlous fiscal position, with debt at its highest level since the 1960s, Jeremy Hunt is all but certain to unveil tax cuts in the Budget next week.
Encourage investment and tackle skills shortages in Spring Budget, businesses say February 26, 2024 Chancellor Jeremy Hunt is unlikely to have significant scope for major tax cuts given the constrained fiscal position, but businesses are hoping Hunt will announce further measures to boost the economy.