Government hits £550m target in consultancy cuts October 30, 2024 The government is set to continue to bear down on consultancy spending as it expects to hit its £550m savings target on the external advice
Autumn Budget 2024: Reeves commits £5bn for Government housebuilding programme October 30, 2024 Chancellor Rachel Reeves has committed in the Budget to more than £5bn of investment over 2025-2026 to deliver the Government’s ambitious plans on housing next year. In the Budget, Reeves announced a range of measures to support Labour’s target, including skills training, reforms to the planning system and additional assistance for affordable housing. She also [...]
Autumn Budget 2024: Reeves spares banks from tax raid after lobbying October 30, 2024 The government has spared UK banks from a tax raid in its maiden Budget after lobbyists warned it could hurt the sector's international competitiveness.
Autumn Budget 2024: Train fares and price of railcards to rise October 30, 2024 The price of a train fare in England is to rise by up to 4.6 per cent in 2025, it has been announced. A Budget document published by the Treasury also revealed that the price of most railcards will also increase by £5. The increase in fares is one percentage point above July’s Retail Prices [...]
Autumn Budget 2024: Government to examine ‘tough alternatives to custody’ in prison reforms October 30, 2024 The Chancellor has revealed a £2.3bn investment in prison expansion to create thousands of new prison places, as the government aims to "repair the justice system"
Autumn Budget 2024: Reeves scraps British ISA plans October 30, 2024 Chancellor Rachel Reeves failed to make any changes to Individual Savings Accounts (ISAs), keeping annual subscription limits fixed, while confirming that the British ISA would be scrapped. The annual ISA allowance has been constantly been upped in recent years, starting at £7,000 in 1999, then to £7,200 in 2008, £10,200 in 2011, £15,000 in 2014, [...]
Autumn Budget 2024: Major HS2 and train route updates unveiled October 30, 2024 Chancellor Rachel Reeves has revealed in her first Budget that the Transpennine upgrade to connect York, Leeds, Huddersfield and Manchester will be secured under the new Labour government. Reeves said the money would deliver “fully electric local and regional services between Manchester and Stalybridge by the end of this year, with a further electrification of [...]
Autumn Budget 2024: Reeves extends rates relief for retail and hospitality October 30, 2024 Rachel Reeves has extended business rates relief for the UK’s hospitality and retail sectors. In her highly-anticipated Autumn Budget statement today, the Chancellor announced a 40 per cent business rates relief for the industry, which is down from the current 75 per cent rate set to expire on 31 March. The 40 per cent rates [...]
Autumn Budget 2024: Labour abolishes non-dom tax status October 30, 2024 The Labour government has confirmed plans to scrap the non-dom regime despite a last ditch effort from the community and its advisors to warn against the move. As part of the Budget, Rachel Reeves confirmed she would fulfil the promise made in Labour’s manifesto to remove the tax status, in a move that one advisor [...]
Autumn Budget 2024: Fuel duty frozen as hike would be the ‘wrong choice’ October 30, 2024 Chancellor Rachel Reeves has declared a rise in fuel duty in 2025 would be the “wrong choice” as she pledged to continue the freeze and maintain the temporary 5p cut for another year. In her first Budget, Reeves told MPs that to retain the 5p cut and freeze fuel duty again would cost more than [...]