Last week the Chancellor of the Exchequer, Rachel Reeves, announced in a You Tube video that the next UK Budget will take place on the later than anticipated date of Wednesday 26 November. As usual, the Institute will be reacting on the day to the Budget announcements and will issue a special newsletter to members.
In recent months, the Chancellor remains under pressure to balance public finances, whilst trying to also boost economic growth and maintain the confidence of investors in financial markets. However, growth remains sluggish and inflation has been increasing. Economists therefore continue to say that further tax rises are needed. Speculation has been rife about what options the Chancellor has for tax rises, given that the Government pledged in its election manifesto not to increase taxes on working people.
Last Monday also saw a reshuffle of some roles in Government including the appointment of Daniel Tomlinson MP to the role of Exchequer Secretary to the Treasury, after James Murray MP was moved into the role of Chief Secretary to the Treasury.
LOADING...