Press Association
Sunak visits workers at VEKA in Burnley
Prime Minister Rishi Sunak visits workers at VEKA in Burnley, a uPVC window system manufacturer, to tell them about tax cuts to National insurance which came into force last weekend.
Press Association
Politics daily briefing: January 7
All the latest political developments as Prime Minister Rishi Sunak hints tax cuts will be paid for through ‘difficult decisions’ on welfare. The Prime Minister said pre-election giveaways will be affordable by controlling public spending.
Press Association
Jeremy Hunt reveals 2% National Insurance tax cut
Chancellor of the Exchequer Jeremy Hunt reveals a 2% cut to National Insurance during a visit to an Openreach training facility in Crawley.
Hunt states that the cut would save a family with two earners nearly £1,000 this year, stating...
Press Association
Jeremy Hunt reveals 25 National Insurance tax cut in uncut statement
Chancellor of the Exchequer Jeremy Hunt reveals a 2% cut to National Insurance during a visit to an Openreach training facility in Crawley.
Hunt states that the cut would save a family with two earners nearly £1000 this year, stating...
Press Association
Chancellor unsure if Government can afford to announce new tax cuts
Chancellor Jeremy Hunt has said he does not know if he can afford to cut taxes for British households as a national insurance reduction came into force on Saturday.
Mr Hunt said he wanted to further ease a tax burden which is expected...
Press Association
Sunak says there is 'momentum' in UK economy as business leaders gather for Global Investment Summit
Rishi Sunak said there is “very positive momentum behind the UK economy” as leading investors gathered at Hampton Court Palace.
Arriving at the Global Investment Summit, the Prime Minister told reporters: “My singular focus is driving...
Press Association
Starmer declines to say if a Labour government would match autumn statement spending plans
Sir Keir Starmer has said that the autumn statement reflected the “failure" of the Government. Speaking to reporters in Essex, the Labour leader declined to say if his party would match the Government's spending plans if it came to power.
Press Association
Shadow Chancellor brands PM too weak to sack 'reckless and irresponsible' Braverman
Pool clip with Shadow Chancellor Rachel Reeves, in which she discusses the future of Home Secretary Suella Braverman, the policing of upcoming Armistice Day protests, Labour's stance on the Middle East conflict, GDP figures and flood...
Bloomberg
Yellen Supports EU Windfall Tax on Frozen Russian Assets
US Treasury Secretary Janet Yellen said she backs "harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearinghouses and using the funds to support Ukraine," giving her strongest backing yet for a...
Press Association
Starmer vows to stoke the ‘fire of change’ with plan to build a new Britain
Sir Keir Starmer promised to build a new Britain, with modern homes and businesses and an NHS 'back on its feet'.
The Labour leader, who was confronted by a glitter-throwing protester before he could deliver his speech to the party’s...
Bloomberg
Labour Party Conference: Highlights of Reeves Speech
Shadow Chancellor of the Exchequer Rachel Reeves outlines some of the fiscal measures she intends to put in place if the Labour Party wins power at the next general election.
Bloomberg
Hong Kong Property Developers' $56 Billion Rout May Deepen
Risks for Hong Kong property developers keep mounting even after a $56 billion selloff in their shares. Charlotte Yang reports on Bloomberg Television.
Press Association
Politics daily briefing: September 30
Daily politics briefing for September 30, as the Chancellor ruled out early tax cuts in The Times on the eve of the Conservative Party conference.
Press Association
Politics daily briefing: September 29
Daily politics briefing, as the Institute for Fiscal Studies issues a report finding the taxes will rise to around 37% of national income by the time of the next general election.
Press Association
Politics daily briefing: September 25
Daily politics briefing for September 25, as the Liberal Democrats drop a long-standing pledge to put a penny on income tax to improve public services.
Bloomberg
Italy Offers Banks an Opt-Out Clause on Windfall Tax
The Italian government is giving lenders an option to avoid paying a controversial windfall tax on banks if they set aside additional capital reserves. Chiara Albanese reports on Bloomberg Television.
Press Association
'We can’t let that happen again' says Keir Starmer, one year on from Liz Truss' mini-budget
Sir Keir Starmer said it is “necessary” to legislate to force ministers to consult the Office for Budget Responsibility before major tax and spending changes.
The Labour leader told journalists at the London Stock Exchange: “It is...
Press Association
Starmer vows more powers for OBR so Truss budget ‘disaster’ never happens again
A Labour government would hand more powers to the budget watchdog so the “disaster” of Liz Truss’s mini-budget “can never be allowed to happen again”, Sir Keir Starmer has said.
The Labour leader said on Friday that the measure would...
Press Association
'Labour may be in for a shock': SNP Westminster calls out 'entitled' opposition
Stephen Flynn says Labour are acting like they have the upcoming Rutherglen and Hamilton West by-election 'in the bag' and they 'may well be in for a shock'. He was campaigning in the seat on Wednesday alongside the party’s candidate for...
Bloomberg
Italy Shocks Markets With Tax on Banks' Windfall Profits
Italy's right-wing government spooked markets with an unexpected tax on banks' windfall profits, sending the country's leading lenders down in Milan trading at the opening. Alessandra Migliaccio reports on Bloomberg Television.
Press Association
Jeremy Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs
Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.
In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices...
Press Association
Lord Mayor of London welcomes Chancellor's City reforms to boost pensions
The Lord Mayor of London has welcomed proposed City reforms to boost pensions. Jeremy Hunt will promise a £1,000-a-year pensions boost to the average earner with reforms to get pension funds making riskier investments in...
Press Association
Council staff should not be working four-day weeks, says Michael Gove
The Levelling-Up Secretary looks to have halted council staff working four-day weeks as he said local government employees should work similar patterns to taxpayers.
Michael Gove said he is a “strong believer” that council staff should...
Press Association
There has been 'extraordinary growth' in job numbers in Ireland, says minister
The Minister for Finance has said the upcoming budget will be “prudent”.
Michael McGrath was speaking to reporters before the National Economic Dialogue which is an integral part of the annual budgetary procedure, providing a platform...