Bank of England poised to cut UK interest rates for second time …
1 day ago — UK borrowing costs are set to be cut for the second time this year, despite tax changes and a Donald Trump victory in the US casting uncertainty over the future path of interest rates. Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday. Rates currently sit at 5% after being cut by 0. ...
What the papers say – November 8 | The Gazette
13 hours ago — What the papers say – November 8. An honest update from the Prince of Wales has led Friday’s news agenda, with other papers opting for headlines on US president-elect Donald Trump and the related fallout after the US election. The Daily Mirror, the Daily Express, The Sun, and the Daily Mail all lead on candid comments from William, who ...
Bank says ‘gradual approach’ to interest rate cuts needed after …
23 hours ago — The Bank of England has cautioned over a “gradual approach” to cutting interest rates, as it forecast tax rises in the Budget could push inflation higher than previously thought. The Bank’s Monetary Policy Committee (MPC) announced that rates were being reduced from 5% to 4.75% on Thursday. UK inflation falling below the Bank’s 2% ...
What the papers say – November 6 | The Gazette
2 days ago — What the papers say – November 6. One story dominates the front pages of Wednesday’s newspapers with the US presidential election featuring across the board. The Times carries pictures of rival candidates Vice President Kamala Harris and former president Donald Trump as it declares “World awaits America’s fate”, while the Financial ...
What the papers say – November 4 | The Gazette
4 days ago — The fallout from the Government’s first Budget continues to occupy The Daily Telegraph, which says Chancellor Rachel Reeves has insisted the country could not afford to let all farms pass on their estates without paying inheritance tax.. The front page of tomorrow's Daily Telegraph: 'Reeves: We can't afford farmers to die tax-free'#TomorrowsPapersToday
Spending plans mean £9 billion of cuts after next year, economists …
Oct 31, 2024 — The Government will need to raise up to another £9 billion after next year to avoid cutting spending on unprotected departments, economists have warned. Although day-to-day spending is set to rise rapidly after Wednesday’s Budget, increasing by 4.3% this year and 2.6% next year, it then slows down to just 1.3% per year from 2026.
S&P and Moody’s warn of fresh constraints to public finances after ...
Nov 1, 2024 — Ratings agencies S&P and Moody’s have warned about fresh limitations facing the UK’s public finances after Labour announced plans to borrow more at its autumn Budget. S&P said it views the UK’s fiscal position as “constrained”, following Chancellor Rachel Reeves’s plan to lift borrowing and change the UK’s fiscal rules to allow it ...
Government advisers call for 81% cut in UK emissions by 2035
Oct 25, 2024 — Government advises recommend the Government set a 81% emissions reduction target for 2035. (Gareth Fuller/PA) UK greenhouse gas emissions should be cut by at least 81% by 2035 as part of global efforts to tackle climate change, Government advisers have said. The Government is preparing to unveil plans for cutting emissions by 2035, under the ...
The Budget: What do we know and what should we expect?
Oct 29, 2024 — Ms Reeves is said to have since identified a far larger £40 billion funding gap which she will seek to plug to protect key departments from real-terms cuts and put the economy on a firmer footing. Here, the PA news agency looks at what we know and what we might expect from the Budget. Rachel Reeves in the Commons (House of Commons/UK ...
What the papers say – October 28 | The Gazette
Oct 28, 2024 — What the papers say – October 28. Labour’s impending budget reveal takes the lead this Monday, with the October fiscal plan the first for the new British government since the General Election. The Times, The Guardian, the Independent, and the i all lead on Monday’s first Labour budget. THE TIMES: Prepare to face reality in budget, public ...