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…
By Carla Rosch Caz Dennett was taken to court over £650 last year. A Weymouth County Court judge ruled that she had to pay the sewage bills she owed Wessex Water. For years, the 53-year-old campaigner and social scientist had been actively organising and participating in local protests in the south coast of Dorset, frustrated…
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…
The Government has abolished the stamp duty on share purchases in newly listed companies. The move is aimed at making London a more attractive destination for investment after one of the quietest years on record for new listings. The change scraps a tax that investors paid when purchasing shares in a company going public. The…
Rachel Reeves has confirmed the tax-free allowance on cash ISAs will be cut for under 65s in a bid to encourage more Britons to invest their savings. The current £20,000 allowance will be slashed to £12,000 by April 2027. By doing so, The Chancellor hopes to encourage more Britons to invest their remaining savings in…
Motoring groups criticised the new tax levied on electric and hybrid vehicles announced in the Budget, which is expected to affect 1.7 million UK motorists from 2028. The new pay-per-mile road charge will be set at 3 pence per mile for electric vehicles and 1.5 pence for plug-in hybrids, meaning that drivers of these vehicles…
FTSE 100 temporarily dipped slightly after the premature release of budget details, but bounced up and ended higher than the previous day. The index rose 0.85 percent, closing at 9,691, a sign that markets were not overly rattled by the budget announcement. Michael Brown, analyst at Pepperstone, believes the leaked document gave investors information and…
WeWork was expected to fail in the flexible offices. Rather, the co-working market in London is redefined by corporate demand, increasing prices and the reality of working hybrid. A different kind of office Image from Adobe Stock © The rhythm of work is no less familiar, but slightly changed, on a weekday morning in Clerkenwell….
The cap on the salary sacrifice scheme will weaken saving incentives for young workers. Rachel Reeves has imposed a cap on salary sacrifice schemes in a move that will raise £5bn for the Treasury in 2029 when it comes into place, according to the Office for Budget Responsibility. “Salary-sacrificed pension contributions above £2,000 will be…
A government paper released alongside the budget announced that limited new North Sea oil and gas production will be allowed but ruled out further exploration or a tax reduction. A new class of permits, known as ‘Transitional Energy Certificates’, will allow oil and gas companies to expand extraction near existing oil fields as long as…
