Yahoo News Budget 2023: Jeremy Hunt is set to deliver his first Budget - here are the things to look out for
Jeremy Hunt will update the government's tax and spending plans next week as he delivers his first Budget as chancellor.
Jeremy Hunt will update the government's tax and spending plans next week as he delivers his first Budget as chancellor.
A couple of Easter bank holidays will impact benefit payment dates next month
A rise in borrowing costs has wiped off more than £545bn from the value of defined benefit private sector pensions in nine months.
A whole series of price rises kick in in April, making life more difficult and expensive for all of us. Fortunately, there are things you can do to keep your costs down.
Inheritance tax is often known as Britain's most hated charge, but until recently it was only the very wealthy who had to pay it.
OUTGOING Deputy First Minister John Swinney has said a major new report shows “Scotland lacks the full range of powers required to manage the financial challenges it is likely to face over the next 50 years”.
Andrew Bailey and Jeremy Hunt faced an unwelcome surprise on Wednesday morning.
Andrew Bailey has signalled there could be further pain to come for households as the Bank of England raised interest rates by a quarter of a percentage point.
Bank hits mortgage holders with extra 0.25 percentage point rise
Aligning capital gains taxes with income levies would make Britain an outlier on the world stage and take rates to their highest in decades, experts have warned.
Inflation will fall more than expected in the near term after the Government decided to extend its energy bills support, according to the Bank of England.
The Bank of England has raised interest rates by 0.25 per cent today
The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling
The average UK house price was £290,000 in January, which was £17,000 higher than 12 months earlier.
Bank of England’s Andrew Bailey speaks after increasing rates to highest level in 14 years
There was some unexpected good news buried in the documents released by the Bank of England alongside its interest rate decision today. Only a month ago the Bank had expected that the UK would face a technical recession this year with the economy shrinking in the first and second quarters of the year (a formal recession is two successive quarters of contraction). Indeed, many would point out that the definition of a recession is, anyway, rather arbitrary.
Soaring inflation did not deter shoppers last month as retail sales rose by more than expected and returned to pre-pandemic levels.
Economists have warned that Britons face a ‘two-year living standard squeeze’
Millions of mortgage holders to see their monthly payments rise as interest rates are hiked yet again.
Councils in England are now spending almost two-thirds of their budgets on social care, and it's costing them almost £4bn more than 10 years ago. Councils that have made cuts say they are responding to a combination of pressures, including rising inflation, the sharp reduction in government grants since the 2010s, and the increasing demands of caring for an aging population. Local authorities in England spent more than £30bn on social care in 2021/22, out of £49bn total spending on all services, excluding education.
Lifetime Isas are so restrictive that they risk turning into a financial trap for many young people, says Henry Hill, deputy editor of ConservativeHome