Reading Time: 9 minutesUK: UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances that was estimated by the Office for Budget Responsibility [OBR].
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Reading Time: 4 minutesUK: The Labour Party has secured a landslide victory and majority in the UK General Election, winning more than 326 of the 650 seats needed to gain a majority in the UK Parliament.
Reading Time: 5 minutesUK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000.
Reading Time: 3 minutesUK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
Reading Time: 5 minutesUK: Chancellor Kwasi Kwarteng has announced a series of tax cuts in a mini-budget aimed to boost economic growth.
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