London (Parliament Politics Magazine) – The Bank of England has slashed interest rates despite cautioning that Rachel Reeves’s budget will confuse its battle against high inflation by holding the rate beyond its 2% target for a year longer than previously anticipated. In
London (Parliament Politics Magazine) – Sales of electric cars in the UK rose in October despite overall demand for vehicles declining as manufacturers raced to satisfy government thresholds. According to data issued by the Society of Motor Manufacturers and Traders (SMMT), a
London (Parliament Politics Magzine) – Rachel Reeves has confessed she was wrong to express before the election that no major tax rises would be required but promised there was “no need to raise taxes further” after last week’s budget increased ÂŁ40bn. The
London (Parliament Politics Magazine) – The Conservative party has been notified to improve its data handling by the information watchdog after it unleashed a “tax calculator” that also seemed to be collecting voter data. The Information Commissioner’s Office (ICO) penned to the
London (Parliament Politics Magazine) – IMF has welcomed the steps announced by Rachel Reeves in her first budget, expressing her ÂŁ40bn of tax rises would increase growth “sustainably”. The Washington-based International Monetary Fund (IMF) supported her increase in investment and extra spending
London (Parliament Politics Magazine) – Minimum pay in the UK will increase next April, with hourly rates for those over 21 arranged to rise to ÂŁ12.21 an hour, the chancellor has confirmed. Chancellor Rachel Reeves stated the pay increase marked a “significant
London (Parliament Politics Magzine) – Labour’s tax increase will not strike workers’ payslips, the UK education secretary has pledged. Bridget Phillipson expressed that the tax rises being prepared by Rachel Reeves would not impact employees’ take-home pay, as ministers struggle to define
London (Parliament Politics Magazine) – A ÂŁ500 million Budget cash boost will pay for 5,000 affordable houses to be constructed, Rachel Reeves has reported. The funds for the Affordable Homes Programme will be a portion of a scheduled ÂŁ5 billion investment designed
London (Parliament Politics Magazine) – Chancellor Rachel Reeves has stated that “main taxes on working people” will not increase in the Budget. The reassurance came a week before Reeves delivered her first Budget, and the first delivered by a woman. Labour pledged
London (Parliament Politics Magazine) – As part of the UK’s green energy targets, more than 1,000 new homes will be built across northern Scotland. SSEN Transmission, a subsidiary of the electricity company SSE, has marked a deal with local councils and housing