Rachel Reeves allocated billions in financial support to voters in Labour’s political heartlands, as the government faces increasing threats ahead of local elections in May. The measures included £1.3 billion in additional funding for the Scottish and Welsh governments, a scrapping of the two-child benefit cap and a surprise £2.3 billion miners’ pension scheme. In…
With manifesto tax pledges looming large ahead of the Budget, attention is turning to how Labour is performing on the rest of its 2024 election promises. Labour’s July 2024 manifesto set out six headline ambitions, ranging from the broad promise to “deliver economic stability” to specific commitments such as recruiting thousands of new teachers. The…
Chancellor Rachel Reeves has said today’s budget will prioritise economic growth. Still small businesses are bracing for shifts that could raise costs and widen compliance demands. Reeves has already trailed parts of her plans and recent reporting has sharpened expectations. Here are the changes small firms are watching most closely. VAT registration threshold cut or…
