In order to reduce the cost of living, the FM announced she was extending the bus fare cap and freezing rail fares and prescription charges. She then says she is scrapping the Eco energy scheme, which she says will cut £150 from the average household energy bill from April.



UK budget unveiled early: From two-child benefit cap to gambling taxes - here are major key points you must know

Business & Economy, While Trump recently advocated for reduced global military spending, he has been pressuring NATO allies to increase defence spending to 5 per cent of GDP.

Military vs aid: Starmer shifts spending priorities ahead of Washington visit

Businesses across the UK are facing significant challenges as they prepare for a tax hike, with one in four companies planning to lay off staff. This marks the highest proportion of employers considering redundancies in the past decade, excluding the pandemic.

UK Chancellor's budget spurs job cuts & investment delays

Energy bills in Great Britain are set to rise again in January 2025, with the average annual cost for gas and electricity increasing to $2,190. This follows a 10 per cent rise in energy costs for the last quarter of 2024, further squeezing household budgets amid rising inflation and mortgage costs.

UK Energy bills to rise again in January 2025, straining household budgets

Britain’s Finance Minister, Rachel Reeves, in her first budget, announced the country’s largest tax increase in three decades. To address the $28 billion funding gap, reeves plans to raise taxes by $52 billion a year, with a large share falling on businesses.

Rachel Reeves Unveils Largest Tax Hikes in 30 Years

In a pivotal moment for the UK, the Labour party is making headlines as Finance Minister Rachel Reeves delivered a keynote speech at the party's annual conference. Following a significant general election victory in July, the atmosphere is tense. With unions voicing strong opposition to proposed welfare cuts and controversy surrounding gifts received by top ministers.

Rachel Reeves Delivers Budget Keynote Amid Mounting Criticism

Jeremy Hunt, the United Kingdom's chancellor of the Exchequer has rolled out an election-year budget that was designed to give his Conservative Party a boost in the polls ahead of the next general election while not spooking the markets.

UK Spring Budget: Jeremy Hunt announces a tax cut of 2 pence off National Insurance

UK: Jeremy Hunt presents Spring Budget 2024

UK Finance Minister Jeremy Hunt has presented a crucial pre-election budget. This is possibly the final fiscal event before what is set to be a challenging general election for the ruling conservative party. Hunt has announced that the government will abolish the non-domiciled tax status, implementing a long-standing policy priority for the main opposition labour party.

UK: Tories present spring budget, abolish non-domiciled tax status

Jeremy Hunt, the United Kingdom’s chancellor of the Exchequer, is poised to deliver his spring budget as the country prepares itself for the likelihood of a general election this year.

UK: Finance Minister Jeremy Hunt to present spring budget

British finance minister Jeremy Hunt on Wednesday unveiled the spring budget as the United Kingdom said that the cost-of-living support for this year and next will total $114 billion.

UK unveils cost-of-living budget with focus on childcare, pensions and welfare

UK's economy is set to avoid a recession in 2023 but will still contract this year, finance minister Jeremy Hunt said on Wednesday as he made a budget speech which included measures to speed up economic growth.

UK budget: Economy set to avoid recession this year, says Jeremy Hunt

UK government led by Rishi Sunak will unveil a cost-of-living budget on Wednesday. The UK chancellor the exchequer Jeremy Hunt will deliver his tax and spending plan to parliament later this afternoon (local time). Jeremy Hunt in a bid to bring back Britons aged over 50 to the job market has added increased childcare funding and proposals in his budget. The chancellor will offer 30 hours of free childcare for one- and two-year-olds.

UK Chancellor Hunt’s budget to focus on cost-of-living crisis, free childcare expansion

UK's former finance minister Kwasi Kwarteng admitted that he and former prime minister Liz Truss "got carried away" with forming the country's mini-budget and blew it, the Guardian reported.

Kwasi Kwarteng admits that he and Liz Truss ‘got carried away’ with UK’s mini-budget

Earlier today, in an interview, Kwasi Kwarteng, UK's Chancellor of the Exchequer, spoke up about his presence at the private champagne reception that stirred controversy, as it was hours after delivering his mini-budget speech.

‘Wasn’t the best way to go’: Kwarteng admits mistake of attending champagne reception after budget

British finance minister Rishi Sunak on Wednesday launched plans to ease a cost of living crisis, with growth set for a massive slowdown as the war in Ukraine and decades-high inflation pummel the economy.

Spring Statement 2022: UK confronts cost of living crisis with inflation-fighting budget

While revealing the UK budget for financial year 2021, Finance minister Rishi Sunak said that this year is now estimated to be 6.5 per cent, meaning the economy could return to its pre-pandemic level by the end of the year.

FM Sunak tables UK budget 2021, announces host of projects

UK Finance minister Rishi Sunak will promise to do "whatever it takes", including a five-month extension of Britain's huge jobs rescue plan, to steer the economy through what he hopes will be the final months of COVID restrictions.

World Business Watch: FM Sunak targets COVID, deficit in UK budget 2021

The UK coronavirus death toll has risen to 11,329 as a further 717 patients died after testing positive, the Department of Health and Social Care has announced

UK's budget deficit to jump 500%

Rishi Sunak's first budget since becoming Britain's finance minister was packed with big spending announcements on Wednesday, but overshadowed by the coronavirus outbreak.

Main points of UK budget dominated by coronovirus

Britain's Chancellor of the Exchequer Rishi Sunak presented the red Budget Box outside of 11 Downing Street. Sunak has pledged £30bn of spending to fight the coronavirus outbreak.

Your Story: Rishi Sunak presents his first budget, Unveils £30bn plan to fight coronavirus

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