Tag: Chancellor (education)

BusinessEconomyPolicy

UK Inflation Holds Steady at 3.8% Amid Easing Food Price Pressures

UK inflation held steady at 3.8% in September, defying expectations of an increase. Food prices fell for the first time since May last year, providing some relief to consumers amid the ongoing cost of living pressures.

Inflation Remains Stable Amid Food Price Relief

UK inflation reportedly remained unchanged at 3.8% in September, defying analyst expectations of a rise to 4%, according to Office for National Statistics data. The steady consumer prices index (CPI) reading comes as food prices saw their first monthly decline since May last year, providing some relief to households grappling with cost of living pressures.

by Megan Carter
Economy and TradingPolicy

UK Chancellor Considers Mandatory Domestic Equity Holdings in Major ISA Reform

Chancellor Rachel Reeves is reportedly considering a major ISA reform that could require minimum investments in UK companies alongside potential stamp duty relief. The proposed changes would mark the most significant shake-up to Britain’s tax-free savings regime in over 25 years, according to sources familiar with the discussions.

Major ISA Overhaul Under Consideration

Chancellor Rachel Reeves is reportedly developing plans for a comprehensive reform of Individual Savings Accounts (ISAs) that could include mandatory minimum holdings in UK companies and stamp duty tax breaks, according to sources familiar with Treasury discussions. The proposed changes would represent the most significant shake-up to Britain’s tax-free savings regime in more than 25 years.

by Megan Carter
Economy and TradingPolicy

UK Chancellor Faces £22bn Fiscal Shortfall as IFS Warns Against “Scrabble Bag” Approach

Chancellor Rachel Reeves must address a £22bn shortfall in UK public finances, according to Institute for Fiscal Studies forecasts. The analysis suggests significant tax increases or spending cuts will be needed to meet fiscal targets, with experts warning against relying on smaller measures.

Substantial Fiscal Challenge Emerges Ahead of Budget

Chancellor Rachel Reeves faces a significant £22bn hole in UK public finances that must be addressed in next month’s Budget, according to analysis from the influential Institute for Fiscal Studies. The think-tank’s forecasts indicate that without new tax increases or spending cuts, borrowing in 2029-2030 could be approximately £22bn higher than previously projected by the Office for Budget Responsibility.

by Tyler Brooks P.E