Chancellor signals first budget will be painful mix of spending cuts, tax rises and higher borrowing
Wednesday, 11 September 2024 () Chancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing.
Director of the Institute for Fiscal Studies Paul Johnson said neither party was being honest in the election about raising taxes after Keir Starmer warned autumn's Budget would be "painful." "They've..
The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the..