Rachel Reeves Budget blunder exposed
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Prepare to be taxed, higher earners — but first, invest some time in tax planning. Many of the changes announced to pensions, Isas and investments at the Budget this week will not kick in for a year or more, giving those with the wherewithal the opportunity to wring the most out of them for a while longer. Here are three money moves to consider.
Even as tax revenue soars, the state faces large looming shortfalls.
The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff revenues offset by a shift of some November benefit payments into last month's data,
Rachel Reeves included a measure to limit an inheritance tax charge cited by wealthy as reason for leaving country
Businesses across London have been reacting to the measures announced by Chancellor Rachel Reeves in Wednesday's Budget. One of the biggest talking points is that the lowest-paid workers will get higher wages from April. Those aged 18-20 will see the minimum wage rise 85p to £10.85 and over-21s will be paid £12.71, up 50p.
The spike goes some way to explaining why Chicago is in a giant fiscal pickle. The Windy City may be a leading indicator of some of the problems many American metropolises will soon face. The immediate problem for Chicago is a fiscal impasse.
Speculation is swirling about a potential challenge to Keir Starmer’s leadership, and analysts say a misfiring budget could add to the sense of crisis within the government.
The chancellor says she is "asking ordinary people to pay a little bit more" as she extends the freeze on income tax bands.