Reeves Lays Ground for Painful Budget, but Will It Be Worth It?

Reeves lays ground for painful Budget, but will it be worth it?

The chancellor's pitch: the Budget will be painful, due to the actions of others, but it will be worth it, to tackle debt, help public services and promote growth.

Reeves’ Budget dilemma: tax rises or reforms? Have your say

As Rachel Reeves prepares her first Budget and warns of ‘painful decisions’ ahead, debate is growing over whether she should raise taxes to fix the public finances or find fairer, alternative ways to boost revenue. Now it’s time to have your say...

Pound sinks to seven-month low after Reeves spikes tax fears

The pound took a plunge this morning after Chancellor Rachel Reeves spooked the markets with a speech laying the groundwork for big tax hikes in her Autumn Budget. Sterling fell to its lowest since April against the dollar this morning at $1.30 – a 0.46 per cent loss today alone. The pound was also struggling against the euro, down 0.32 per cent to €1.14. Neil Wilson, investor strategist at Saxo Markets, said the “market reaction thus far is to …

UK’s Reeves paves way for tax rises in her next budget

Gold prices slip as stronger dollar, Fed rate uncertainty weigh By Alistair Smout and Sarah Young LONDON (Reuters) -British finance minister Rachel Reeves paved the way for broad tax rises to avoid a return to "austerity" on Tuesday, framing her second annual budget as one of "hard choices" to…

Tax hike fears drive clients to Isas and pensions

Tax rises are “inevitable”, a leading think tank has warned, just hours before chancellor Rachel Reeves is set to pave the way for a tough 26 November Budget. This stark warning confirms the fears that are already compelling investors to take pre-emptive, and potentially "dangerous",… The post Tax hike fears drive clients to Isas and pensions appeared first on Money Marketing.