State Pension warning for millions of people in their 50s
6 hours ago · Millions of people born between 1965 and 1974 have been warned they could be set to miss out financially when they come to collect their State Pensions. Experts are urging anyone in their 50s to reassess their retirement plans after the government was urged to consider raising the state pension age to 68. A report published by the London School ...
Vodafone and Three £15bn merger could get green light, UK …
1 day ago · The £15 billion merger between Vodafone and Three in the UK has the potential to be “pro-competitive” if the mobile networks commit to investing in the country’s infrastructure and avoid early price hikes, the regulator has said. The Competition and Markets Authority (CMA) indicated that it could give the tie-up the green light, having ...
What the papers say – November 4 | The Gazette
2 days ago · The fallout from the Government’s first Budget continues to occupy The Daily Telegraph, which says Chancellor Rachel Reeves has insisted the country could not afford to let all farms pass on their estates without paying inheritance tax.. The front page of tomorrow's Daily Telegraph: 'Reeves: We can't afford farmers to die tax-free'#TomorrowsPapersToday
Reeves insists Labour will secure growth as she defends Budget …
3 days ago · Rachel Reeves has defended her decision to raise taxes at this week’s Budget, insisting her plan provided the stability needed to secure growth. In a series of media interviews on Sunday, the Chancellor argued that her plans for economic reform would bring more growth than independent economists were forecasting.
Inflation expected to fall below target for first time in three years
Oct 15, 2024 · UK inflation is expected to drop for its lowest for over three years in figures announced on Wednesday (Alamy/PA) UK inflation is expected to drop below the 2% target rate for the first time since April 2021. The Office for National Statistics (ONS) will unveil the latest monthly Consumer Price Index (CPI) inflation reading on Wednesday morning.
Budget market reaction ‘very different’ from Liz Truss turmoil ...
5 days ago · The UK is in a “very different world” compared to the turmoil which followed Liz Truss’s economic plans, a minister has said as the Government seeks to quell post-Budget market jitters. The scale of extra borrowing in Rachel Reeves’ Budget – around £32 billion a year on average – saw yields on government bonds increase as the ...
Spending plans mean £9 billion of cuts after next year, economists …
6 days ago · The Government will need to raise up to another £9 billion after next year to avoid cutting spending on unprotected departments, economists have warned. Although day-to-day spending is set to rise rapidly after Wednesday’s Budget, increasing by 4.3% this year and 2.6% next year, it then slows down to just 1.3% per year from 2026.
Government borrowing costs rise further after Budget
6 days ago · Government borrowing costs leapt higher on Thursday afternoon with bond yields rising to their highest point in a year, as markets continued to digest a sharp increase in borrowing in Labour’s autumn Budget. The yield – or interest rate – on a 10-year government bond, an indicator for the cost of state borrowing, hit 4.568% on Thursday ...
The Budget: What do we know and what should we expect?
Oct 29, 2024 · Ms Reeves is said to have since identified a far larger £40 billion funding gap which she will seek to plug to protect key departments from real-terms cuts and put the economy on a firmer footing. Here, the PA news agency looks at what we know and what we might expect from the Budget. Rachel Reeves in the Commons (House of Commons/UK ...
Government hails £63bn of investment brought in by global summit
Oct 14, 2024 · The Government has hailed a “vote of confidence in the UK” after businesses committed to invest £63 billion at Monday’s International Investment Summit. The announcements, made both during and in the immediate run-up to the summit, are expected to create almost 38,000 jobs and include investments in green energy, infrastructure and life ...