Articles tagged with: Autumn Statement

Modernising business rates for a changing economy

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02 Dec 2024 Economy

Modernising business rates for a changing economy

The debate surrounding the future of business rates in the UK has intensified following the recent Autumn Budget. While some relief was offered, many hoped for more substantial changes to address deeper, structural issues within the system. With the prospect of more radical reform delayed, we explore the key elements of the Chancellor’s statement and consider what they truly mean for businesses, local governments, and the wider economy.

20 Nov 2024 Environment

Labour Sticks To Its Guns On Inheritance Tax Despite Farmer Backlash

The Government is holding firm on changes to agricultural relief despite backlash from farmers facing inheritance tax for the first time.

31 Oct 2024 Economy

Government's Public Spending Plans Are "Silly Games", Warns Top Economist

The Institute for Fiscal Studies (IFS) has said while many of the measures taken in Chancellor Rachel Reeves' first Budget are "welcome", the public spending plans for the next few years amount to "silly games".

30 Oct 2024 Economy

Anti-Poverty Groups Say Failure To Increase Private Renter Benefit Is "Disappointing"

Anti-poverty groups have lamented the decision not to uprate Local Housing Allowance (LHA) in Wednesday's Budget, warning it will leave private tenants facing financial hardship.

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30 Oct 2024 Economy

The Chemical Industries Association reacts to the Chancellor’s 2024 Budget

Following Labour’s first budget in over 14 years, unveiled by Chancellor Rachel Reeves today, the Chemical Industries Association (CIA) has welcomed key elements of the Chancellor’s 2024 Budget, recognising positive developments for the chemical sector in areas such as industrial strategy, net zero growth, investment in skills, and innovation. CIA Chief Executive Steve Elliott commended the support for aerospace, automotive and life sciences as key advanced manufacturing sectors linked closely to chemical businesses.

29 Oct 2024 Health

The Budget Is A "Critical Moment" For Drug And Alcohol Rehab Services

The UK's largest provider of drug and alcohol treatment services has described the Budget as a "critical moment" for the sector with any reduction in funding risking an "unravelling" of rehabilitation provision.

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25 Oct 2024 Economy

UK Chemical Industry Calls for Policy Partnership with Government Ahead of Autumn Budget

On 30 October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget, accompanied by a full fiscal statement from the Office of Budget Responsibility (OBR). Britain’s chemical industry has expressed that a future for the UK can be built on a policy partnership with the Government.

19 Oct 2024 Economy

How Rachel Reeves Could Change The Fiscal Rules

There is speculation Chancellor Rachel Reeves is exploring changing the fiscal rules to give the new Labour Government more space to borrow and spend money.

23 Nov 2023 Social affairs

Jeremy Hunt Accused Of Being "Untruthful" About Cost Of Living Support

Work and pensions committee chair Stephen Timms has accused Jeremy Hunt of providing him with an "untruthful" answer in parliament on the future of the Household Support Fund and has called on the Chancellor to formally correct the record.

22 Nov 2023 Economy

Conservative MPs Welcome Autumn Statement But Demand More Tax Cuts

Conservative MPs who are pushing for lower tax have cautiously welcomed Jeremy Hunt's Autumn Statement, but they stress that it must be followed by further tax cuts at the Spring Budget to limit damage to the Tory party at the next general election.

22 Nov 2023 Economy

Living Standards And Economy Still Stalling Despite Autumn Statement Tax Cuts

The Office for Budget Responsibility has concluded that overall tax levels will continue to reach a record high as living standards struggle to rise, despite the government's decision to cut National Insurance and reform business contributions.

22 Nov 2023 Economy

All The Key Measures In Jeremy Hunt's Autumn Statement From Tax Cuts To Business Reforms

Chancellor Jeremy Hunt has announced more than 100 measures in the Autumn Statement, which he said will “boost the economy and drive growth”.

22 Nov 2023 Economy

Jeremy Hunt Cuts National Insurance And Increases Minimum Wage In Autumn Statement

Jeremy Hunt has cut national insurance and announced an increase to the minimum wage as part of his plans to “make work pay” in the Autumn Statement.

20 Nov 2023 Economy

Rishi Sunak's Economic Attacks On Labour Will Be "Very Difficult To Pull Off"

Prime Minister Rishi Sunak's claim that Labour lacks economic competence might prove a "very difficult" sell with voters who continue to associate him with the fiscal turmoil of his predecessor Liz Truss, according to a pollster.

20 Nov 2023 Health

Sajid Javid and the Samaritans: 'Suicide prevention training for MPs will save lives'

“I really, genuinely think this kind of training for MPs will save lives,” says Sajid Javid, ahead of his event with the emotional support charity Samaritans in Speakers House tomorrow morning.

19 Nov 2023 Economy

Top Money Expert Says Cutting Inheritance Tax Would Have "Least Benefit" For Most People

Personal finance expert Martin Lewis has warned that cutting inheritance tax would have the “least benefit”, and insisted the Autumn Statement next week must include “small tweaks” to fix “practical problems”.

18 Nov 2023 Economy

Rishi Sunak Looks For "Red Meat" To Satisfy Angry Tory MPs With In Autumn Statement

Prime Minister Rishi Sunak is now under even greater pressure to throw some "red meat" to tax cut-hungry Tory MPs at next week's Autumn Statement as he tries to recover from probably the most difficult week of his leadership so far.

17 Nov 2023 Economy

Will Jeremy Hunt pull a cash rabbit out of the hat for true blue Tory voters?

Fiscal events, even in normal times, are a nightmare. Remember the “omnishambles” budget in 2012? Or the cringeworthy “spreadsheet Phil”? The room for error is enormous with crushing expectations and relentless campaigning from all quarters. And with an election looming the stakes are even higher.

13 Nov 2023 Economy

Labour must be bold and back a wealth tax

Alongside the King’s Speech and the Budget, the Autumn Statement is one of the big events of the political calendar; and yet the forthcoming statement is rapidly looking like an unprecedented irrelevance.

12 Nov 2023 Economy

Tory MP Says Young People Have "Conservative Values" But Government Must Deliver For Them

Conservative MP and former minister Robert Courts has said he believes young people have “overwhelmingly conservative values”, but the government must do more to support the younger generation’s stake in society and the economy.

08 Nov 2023 Education

Tory MPs Want Tax Relief And Top Up Payments To Help Nurseries Fund Free Hours

A top-up payment scheme and tax relief for nurseries are among measures Conservative MPs would like to see in the Autumn Statement to support the government’s extension of free childcare hours from next year.

07 Nov 2023 Economy

The John Glen interview: 'I am alarmed at the amount of tax'

Repairing public finances to cope with future shocks means Tories must endure the ‘discomfort’ of a rising tax burden, insists John Glen. The Chief Secretary to the Treasury talks to Tali Fraser about AI in public services, why the NHS needs to explain ‘intolerable’ variations in productivity, and his love of Peloton. Photography by David Bebber

23 Oct 2023 Economy

More Tories Refuse To Support Autumn Statement If Chancellor Raises Tax

Three more Conservative parliamentarians, two MPs and a senior peer, have signed a pledge to withhold support for the government's upcoming Autumn Statement if it proposes raising tax overall.

04 Sep 2023 Economy

Tory MPs Continue To Pressure Rishi Sunak For Tax Cuts As He Plans Big Reset

Conservative MPs have accused the government of getting the “balance wrong” between aiming to slow inflation and holding back on tax cuts ahead of the Autumn Statement.