Tag: budget

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Chancellor to Increase Benefits for Larger Families in £3bn Move

3 weeks ago

Chancellor to Increase Benefits for Larger Families in £3bn Move As the UK government prepares to unveil its Budget, Chancellor Rachel Reeves has announced plans to increase benefits for larger families in a £3 billion move. The Chancellor emphasized that children should not be penalized because their parents don’t have very much money, signaling a […]

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Keir Starmer Teases Child Poverty Measures in Upcoming Budget

3 weeks ago

Keir Starmer Teases Child Poverty Measures in Upcoming Budget As the anticipation builds for Chancellor Rachel Reeves’ upcoming Budget on November 26, Labour leader Keir Starmer has promised that a ‘number of measures’ will be unveiled to tackle child poverty in the UK. This announcement comes amidst growing concerns about the rising rates of child […]

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UK Unemployment Rate Hits 5% Amid Weakening Job Market

3 weeks ago

UK Unemployment Rate Hits 5% Amid Weakening Job Market The latest official data released ahead of the Budget later this month has revealed that the UK unemployment rate has risen to 5%, marking its highest level since 2021. This increase in joblessness comes amidst signs of a weakening job market, with various sectors feeling the […]

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Chancellor Rachel Reeves to Scrap Two-Child Benefit Limit at Budget

3 weeks ago

Chancellor Rachel Reeves to Scrap Two-Child Benefit Limit at Budget Chancellor Rachel Reeves has made a significant announcement that is set to impact families across the UK. In a move aimed at reducing child poverty and ensuring fairness for all children, Reeves has signaled her intention to scrap the controversial two-child benefit limit at the […]

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Rachel Reeves to Break 50-Year Tax Taboo in Budget

4 weeks ago

Rachel Reeves to Break 50-Year Tax Taboo in Budget Recent reports suggest that Chancellor Rachel Reeves is considering breaking a 50-year-old taboo by raising income taxes in the upcoming budget. This move, if implemented, will mark a significant departure from the traditional stance of avoiding tax hikes. With the UK economy facing challenges and the […]

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MPs Call for Gambling Tax Hikes in Budget

4 weeks ago

MPs Call for Gambling Tax Hikes in Budget A committee of Members of Parliament (MPs) has recently called on the Chancellor to press ahead with taxing harmful parts of the gambling industry with tax rises. This move comes as part of an effort to address the negative impact of gambling on individuals and society as […]

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Rachel Reeves Breaks Promise: Income Tax Increase Confirmed

4 weeks ago

Rachel Reeves Breaks Promise: Income Tax Increase Confirmed In a surprising turn of events, Chancellor Rachel Reeves has confirmed that there will be an increase in income tax, breaking a promise made in Labour’s General Election manifesto not to raise income tax, National Insurance, or VAT. This decision has sparked controversy and raised concerns among […]

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Bank of England Holds Interest Rates as Inflation Peaks

4 weeks ago

Bank of England Holds Interest Rates as Inflation Peaks Amidst a backdrop of economic uncertainty and rising inflation, the Bank of England has decided to keep interest rates unchanged at 4%. The decision came after a closely contested vote among policymakers, who believe that inflation in the UK has now peaked. This move by the […]

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Rachel Reeves Refuses to Rule Out Tax Rises in Upcoming Budget

1 month ago

Rachel Reeves Faces Tough Choices Ahead of Budget In a recent speech, Chancellor Rachel Reeves refused to rule out the possibility of tax rises in the upcoming Budget. Reeves emphasized the need to make ‘necessary choices’ in order to address the challenges facing the country. Prioritizing the British People Reeves outlined her focus on key […]

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Chancellor Rachel Reeves Signals Tax Rises in Upcoming Budget

1 month ago

Chancellor Rachel Reeves Signals Tax Rises in Upcoming Budget In a bold move, Chancellor Rachel Reeves has hinted at potential tax increases in the upcoming Budget, breaking the Labour Party’s manifesto pledge not to raise certain taxes. During a recent speech at Downing Street, Reeves emphasized the need for all citizens to contribute to building […]

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Rachel Reeves Faces Criticism for Refusing to Confirm Tax Rises in Budget

1 month ago

Rachel Reeves Faces Criticism for Refusing to Confirm Tax Rises in Budget Rachel Reeves, the Chancellor of the Exchequer, is under fire for her refusal to confirm whether tax rises will be included in the upcoming budget. Reeves has been criticized for potentially breaking her manifesto pledge and not providing clarity on the government’s fiscal […]

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Chancellor Rachel Reeves Faces Tough Choices Ahead of Budget

1 month ago

Chancellor Rachel Reeves Faces Tough Choices Ahead of Budget As the autumn budget looms, Chancellor Rachel Reeves is facing a series of challenges that could potentially break her pledge not to raise certain taxes. Reeves has emphasized the need to put our public finances back on a firm footing and provide an urgent cash injection […]

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