UK markets opened slightly up this morning, with sterling higher and gilts showing modest yield movement ahead of the Chancellor’s announcements. FTSE 100 peaked at 9,648, with the FTSE 250 also peaking at 21,974 before midday. The currency, pound sterling, traded modestly with the GBP/USD trading near 1.3171 with markets favoring stability over aggressive moves. Fixed-income…
In anticipation of the routine opening of the red box, here are five measures households can expect for Chancellor Rachel Reeves’ upcoming Autumn Budget. A move originally broken by the Financial Times, Reeves earlier this month pivoted from her manifesto-breaking decision to raise income tax. In its place, it is expected that the chancellor will…
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…
Welcome to our live coverage of the UK Budget. Chancellor Rachel Reeves will deliver her Budget speech at 1230gmt. The live blog is now closed. Please see our in-depth coverage to read more. 1750gmt End of Budget Day Market Wrap Up By Carla Rosch The FTSE 100 temporarily dipped slightly after the premature release of…
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…