Rachel Reeves driving up prices with tax and spend Budget, warns Bank of England
The Bank of England last night warned Britain is facing a fresh spike in inflation as Rachel Reeves’s tax and spend Budget piles extra pressure onto households and businesses.Lenders have been raising mortgage costs in recent days despite the Bank’s highly anticipated interest rate cut to 4.
Bank of England cuts rates but sees higher inflation after Reeves's budget
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual as it predicted the British government's first budget would lead to higher inflation and economic growth.
Brits brace for higher mortgage payments despite Bank of England seen cutting rates
Britons are facing the prospect of higher mortgages for longer even as the Bank of England readies to cut rates on Thursday.
Bank of England cuts interest rate as inflation slows
The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.
Bank of England policymakers speak after cutting rates
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.
Mortgage timebomb: Bank of England's interest rate cut is welcome news for home buyers
Bank of England's interest rate cut is welcome news for home buyers - The cut to interest rates is a measure of good news for those applying for mortgages
Homeowners braced for mortgage pain despite expected Bank rate cut
Jittery lenders have raised mortgage rates despite an expected cut to the Bank of England Bank Rate today. Virgin Money and Halifax increased their fixed-rate deals by as much as 0.25pc, sparked in part by an increase to the cost of borrowing following Chancellor Rachel Reeves’s Budget last week.
Will women be the big losers from Rachel Reeves’ first Budget?
Will women be the big losers from Rachel Reeves’ first Budget? Then $75 per month. Complete digital access to quality FT ...
The Who’s Roger Daltrey warns Rachel Reeves’ Budget poses ‘catastrophic’ threat to charities
Roger Daltrey has criticised Chancellor Rachel Reeves, warning her Budget tax hikes may force cancer charities to get rid of ...
Chancellor Rachel Reeves’ Budget clears first House of Commons hurdle
MPs approved a series of Budget resolutions on Wednesday, which included an increase to employers’ national insurance ...
Disaster for UK farmers as Rachel Reeves's Budget small print reveals second tax raid
UK farmers are facing a disaster and could end up paying thousands of pounds more in car tax after the Government quietly ...
Five takeaways from Rachel Reeves' Budget
Reeves announced a £22.6 billion increase in the day-to-day health budget, and a £31 billion increase in the capital budget, ...
James Dyson condemns Rachel Reeves’s Budget ‘tractor tax’ as ‘spiteful’
The businessman said the decision to tighten inheritance tax relief on business property is an ‘ignorant swipe at aspiration’ ...
Big, bold and risky, but Rachel Reeves has still presented a continuity budget
It continues the broad approach put in place by previous chancellor Jeremy Hunt when he reversed the disastrous so-called ...
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Budget 2024: Rachel Reeves confirms multi-billion-pound investment to rail and road links near Leeds
It comes after last week’s budget secured funding to deliver both transport projects that will provide critical ...
Rachel Reeves’s Budget speech: key points at a glance
Welcome to our key points summary of Rachel Reeves’s maiden Budget. Find all the major announcements below. You can also ...
Taxes, borrowing and spending up in Rachel Reeves’ first Budget
Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels ...
Rachel Reeves gambles on £40bn tax rise in her first Budget
With a £40bn hike, Rachel Reeves delivered the highest level of tax increases ever announced in a Budget, but questions ...
Primark boss slams Rachel Reeves’ Budget after it added ‘tens of millions’ to staffing costs
THE boss of Primark blasted Chancellor Rachel Reeves’ Budget yesterday — claiming it had added “tens of millions” to staffing ...