-
UK budget’s tax hikes and spending increases could drive investors to physical bullion - Solomon Global
The United Kingdom’s economic outlook has become a little more complicated after the government’s budget was leaked, proposing new taxes, increased spending, and limited savings growth for consumers as it anticipates lower economic activity over the next five years. On Wednesday, the Office for Budget Responsibility (OBR), the UK government’s financial watchdog, accidentally published Rachel Reeves’ proposed budget more than 30 minutes before she delivered it. According to the documents, the government is proposing tax hikes amounting to almost £30 billion, while at the same time increasing spending by £10 ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
UK'S OFFICE FOR BUDGET RESPONSIBILITY OUTLOOK: REAL GDP IS FORECAST TO GROW BY 1.5 PER CENT ON AVERAGE OVER THE FORECAST, 0.3 PERCENTAGEPOINTS SLOWER THAN WE PROJECTED IN MARCH, DUE TO LOWER UNDERLYING PRODUCTIVITY GROWTH UK OBR ECONOMIC AND FISCAL OUTLOOK: CURRENT BUDGET SURPLUS MARGIN 21.7 BLN STG IN 2029-30 VS 9.9 BLN STG IN MARCH OMG has the OBR document just leaked? Reuters reporting details from inside the Budget NOW. Blimey. pic.twitter.com/nYv1CuXcca The OBR has broken **the entire Budget**. It's extraordinary. Completely unprecedented. Hyperbole doesn't do it justice Reeves will unveil £26billion in tax rises, ultimately leaving her with £22billion worth of fiscal headroom * The tax burden will hit a record 28 per cent as… 
Economic and fiscal outlook This Economic and fiscal outlook (EFO) sets out our central forecast and the uncertainties that surround it for the five years to 2030-31, taking account of recent data and government policies announced since our last forecast and up to and including the November 2025 Autumn Budget. The forecasts presented in this document represent our collective view as the three independent members of the OBR’s Budget Responsibility Committee (BRC). We take full responsibility for the judgements that underpin them and for the conclusions we have reached. As always, we have been greatly supported in our work by the staff of the OBR. We are very grateful for their hard work and expertise. We have also drawn on the work and expertise of officials across government in preparing these forecasts. We are grateful for their engagement and insight. During the production of this forecast we learned that a respected former colleague, Pavandeep Dhami, sadly passed away. Pav worked at the O
Economic and fiscal outlook This Economic and fiscal outlook (EFO) sets out our central forecast and the uncertainties that surround it for the five years to 2030-31, taking account of recent data and government policies announced since our last forecast and up to and including the November 2025 Autumn Budget. The forecasts presented in this document represent our collective view as the three independent members of the OBR’s Budget Responsibility Committee (BRC). We take full responsibility for the judgements that underpin them and for the conclusions we have reached. As always, we have been greatly supported in our work by the staff of the OBR. We are very grateful for their hard work and expertise. We have also drawn on the work and expertise of officials across government in preparing these forecasts. We are grateful for their engagement and insight. During the production of this forecast we learned that a respected former colleague, Pavandeep Dhami, sadly passed away. Pav worked at the O
UK'S REEVES: WILL INCREASE TAX RATES ON SAVINGS, DIVIDEND AND PROPERTY INCOME BY 2 PERCENTAGE POINTS UK Chancellor Reeves: Salary Sacrifice Pension Changes Will Take Effect In 2029 - Will Reduce Annual Pension Contribution That Can Benefit From Salary Sacrifice To 2,000 Pounds UK Chancellor Reeves: Electric Car Grant To Get Extra £1.3B - Business Properties Over £0.5M To Pay Higher Rates - Will Raise Alcohol Duties In Line With Inflation UK's Chancellor Reeves: Won't increase VAT, income tax, NIC
Prime Minister's Question Time, also referred to as PMQs, takes place every Wednesday the House of Commons sits. It gives MPs the chance to put questions to the Prime Minister, Sir Keir Starmer MP, or a nominated minister. In most cases, the session starts with a routine 'open question' from an MP about the Prime Minister's engagements. MPs can then ask ...
