UK Autumn Forecast Statement
Domestic government spending and borrowing levels can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;
This document provides an updated economic outlook and previews the government's budget for the coming year, including expected spending and income levels, borrowing levels, and financial objectives. It also contains comments on the latest independent economic forecasts prepared by the OBR. Source first released in Nov 2010, as a replacement for the 'Annual Pre-Budget Report';
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| Expected Impact / Date | Description |
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| Oct 30, 2024 | |
| Nov 22, 2023 | |
| Nov 17, 2022 | |
| Oct 27, 2021 | |
| Nov 25, 2020 | |
| Oct 29, 2018 | |
| Nov 22, 2017 | |
| Nov 23, 2016 | |
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- UK Autumn Forecast Statement News
From bnnbloomberg.ca|Oct 31, 2024Chancellor of the Exchequer Rachel Reeves sought to reassure the financial markets after her budget on Wednesday triggered a selloff in UK bonds, saying that the “number one commitment” of the Labour government is “economic and fiscal stability.” “We have more headroom than the previous government left us, and that is important,” Reeves said Thursday in a Bloomberg TV interview. “We have now put our public finances on a stable and a solid trajectory.” She also pointed to an endorsement of her plans issued Wednesday by the ...
From @PiQSuite|Oct 30, 2024|7 commentspost:
UK FINANCE MINISTER REEVES: I HAVE HAD TO TAKE VERY DIFFICULT TAX DECISIONS post: BREAKING: Rachel Reeves announces 1.2% increase in employers' NI She reduces the threshold at which companies start making contributions from £9,100 to £5,000 A huge tax rise worth £25billion but hugely contentious post: UK'S REEVES: **WILL FREEZE FUEL DUTY NEXT YEAR **WILL INCREASE EMPLOYERS' NATIONAL INSURANCE CONTRIBUTIONS **WILL INCREASE EMPLOYERS' NATIONAL INSURANCE CONTRIBUTIONS BY 1.2 PERCENTAGE POINTS **WILL REDUCE THRESHOLD FOR PAYING NI TO 5,000 POUNDS BY EMPLOYERS **WILL… post: BREAKING: Rachel Reeves announces that the lower rate of CGT will rise from 10% to 18%, while the higher rate will rise from 20% to 24% Rates for residential property will remain unchanged, as reported by The Times These measures will raise £2.5bn post: UK'S REEVES: **IHT RELIEF FOR FARMS AND BUSINESSES WILL BE LIMITED TO 1 MLN STG, HALF RATE OF TAX ABOVE THAT **INHERITANCE TAX MEASURES TOGETHER RAISE OVER 2 BLN STG **WE WILL INCREASE SOFT DRINKS INDUSTRY LEVY **I WILL INTRODUCE A FLAT RATE DUTY ON ALL VAPING LIQUIDS…
From @FirstSquawk|Oct 30, 2024post: UK'S REEVES: OBR SAYS THEIR SPRING BUDGET FORECAST WOULD HAVE BEEN MATERIALLY DIFFERENT post: Rachel Reeves quotes from OBR review into claims of £22billion black hole in public finances 'They say the previous government did not provide all the information... had they known about the undisclosed pressures then their spring budget forecast would have been materially… post: Chancellor Reeves: Publishing Line-By-Line Breakdown Of £22B Budget Hole OBR Say Last Government Did Not Provide OBR With All Information Any Comparison With March's Budget Forecast Is False Cuts To National Insurance Were Height Of Irresponsibility post: BREAKING: Rachel Reeves confirms her Budget will raise £40billion worth of taxes That's the biggest tax-raising budget in history in cash terms She blames 'the hole' in Britain's public finances and the 'compensation schemes they did not fund' post: BREAKING: Rachel Reeves announces that fuel duty will not rise next year She will keep the 5p cut and maintain the freeze 'There will be no higher taxes at the petrol pump next year'
From cnbc.com|Oct 30, 2024Nearly four months after taking office, the U.K.’s Labour government is unveiling its debut budget on Wednesday, with markets monitoring for a major fiscal shake-up. Economists expected billions in tax hikes and additional spending — along with cuts to some areas —after the party’s leadership warned “painful” decisions would have to be taken, but stressed they would prioritize growth-oriented investment. “There’s a huge amount of interest in this budget,” Amanda Tickel, head of tax and trade policy at Deloitte U.K., told CNBC on ...
From bnnbloomberg.ca|Oct 27, 2024UK Prime Minister Keir Starmer said his government would “embrace the harsh light of fiscal reality,” as Chancellor of the Exchequer Rachel Reeves prepares to reveal a historic package of tax hikes and extra borrowing in a make-or-break budget on Wednesday. “It’s time we ran towards the tough decisions, because ignoring them set us on the path to decline,” Starmer is due to say in a speech on Monday, according to remarks pre-briefed by 10 Downing Street. “This is an economic plan that will change the long-term trajectory on British ...
From bnnbloomberg.ca|Nov 25, 2023|2 commentsRishi Sunak is planning to decide on further tax cuts and the date of the next UK general election around February, people familiar with his thinking said, as the prime minister’s aides weigh whether to hold a vote in May or later in 2024. Chancellor of the Exchequer Jeremy Hunt’s Autumn Statement this week sparked speculation that Sunak is mulling an earlier election than expected, thanks to a fast-tracked payroll tax cut to take effect in January rather than April — giving voters the chance to feel the benefits before a spring ...
From @financialjuice|Nov 22, 2023post:
UK'S CHANCELLOR HUNT: THE WORK IS NOT DONE ON FIXING THE ECONOMY. post: UK'S CHANCELLOR HUNT: WE WILL REDUCE DEBT, CUT TAXES, AND REWARD WORK IN THIS STATEMENT. post: UK'S CHANCELLOR HUNT: WE WILL CUT BUSINESS TAXES. post: UK'S CHANCELLOR HUNT: THE OBR SAYS THAT OUR MEASURES WILL RAISE BUSINESS INVESTMENT, REDUCE INFLATION, AND INCREASE GDP. post: UK'S HUNT: OBR SEES CPI OF 2.8% IN 2024 (MARCH FORECAST 0.9%) UK'S HUNT OBR SAYS INFLATION WILL FALL TO 2% TARGET IN 2025 UK FINANCE MINISTER HUNT: I WILL NOT TAKE RISKS WITH INFLATION
From youtube.com/guardiannews|Nov 22, 2023|2 commentsThe UK prime minister, Rishi Sunak, takes questions from MPs in parliament before the chancellor delivers his autumn statement
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| Released on Nov 22, 2023 |
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