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Chancellor Rachel Reeves will announce the first Labour Government budget for 14 years today. Reeves is proposing tax changes, including a £40bn package of tax rises and spending cuts, and a potential employer National Insurance hike and you can read more about that here.
Rachel Reeves will deliver her first budget as Chancellor of the Exchequer to the House of Commons on Wednesday.
Labour is set to reveal its first Budget in nearly 15 years, with a blend of pledges to increase pay for minimum wage workers. Keir Starmer confirmed on Monday that the £2 bus fare cap across England will rise to £3.
Chancellor Rachel Reeves is set to announce the annual uprating for the State Pension and benefits during the Autumn Budget on Wednesday. While she won't detail every benefit provided by the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC), these specifics will be published shortly after her announcement.
Sir Keir Starmer has confirmed that the £2 bus fare cap will rise in the Autumn Budget.
Chancellor Rachel Reeves is set to present Labour's first Autumn Budget since winning the general election in July. The annual statement, which outlines the Government's future spending plans, is scheduled for Wednesday, October 30.
Sir Keir Starmer has signalled potential tax increases for individuals earning from property and shares, hinting at a possible capital gains tax hike in the forthcoming Budget. The Labour leader clarified his stance on what constitutes a 'working person', stating: "Well they wouldn't come within my definition."
A scheme that reduced the cost of stamp duty on home purchases is anticipated to be scrapped by the Chancellor in the Budget. This move could add an extra £2,500 or more to the cost of buying a property, based on the average sale price for England at £300,830.