All the updated news related to Autumn Budget

All the news related to Autumn Budget updated in real time

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Electric car road tax changes: Here’s what you need to know

The Chancellor of the Exchequer Jeremy Hunt has today announced in the Autumn Statement that electric vehicles will no longer be exempt from vehicle excise duty (VED) – or road tax, as it’s often known. With more than 500,000 electric cars now on UK ...

17 Nov 2022 at 18:18

City

Gas power plants boost SSE profits as Government eyes windfall tax on generators

Energy giant SSE has seen its profits balloon as high electricity prices saw its gas generation arm make a killing a day before the Government is expected to hit companies with an extra windfall tax. The company said that its renewables arm had ...

16 Nov 2022 at 14:14

Extra £6 billion funding for insulating draughty homes ‘too little, too late’

An additional £6 billion will go into making Britain’s homes and buildings cosier and cheaper to heat from 2025, to slash demand in expensive gas. Chancellor Jeremy Hunt said energy efficiency was “just as important” as a major acceleration of ...

17 Nov 2022 at 16:32

Reaction to different areas of Chancellor Jeremy Hunt’s autumn statement

Jeremy Hunt has delivered his autumn statement to MPs in the House of Commons, during which he said he was having to make difficult decisions. The Chancellor’s package is a move away from his predecessor Kwasi Kwarteng, whose mini-budget less ...

17 Nov 2022 at 22:04

Wind and solar farms to pay nearly half of windfall profits to Treasury

Wind and solar farms across the UK will have to hand over close to half of their excess profits, the Government has announced, in a plan that the industry said could deter much-needed investment. The windfall tax on renewables, biomass and ...

17 Nov 2022 at 17:21

Lifting of cap on bankers’ bonuses expected in Chancellor’s autumn budget

Jeremy Hunt is expected to lift the cap on bankers’ bonuses when he delivers his autumn budget on Thursday. The Financial Times first reported the Chancellor will make the lifting of the cap one of the few measures to survive from Kwasi ...

16 Nov 2022 at 01:49

Sunak refuses to apologise for economic damage dealt by Truss

Rishi Sunak has declined to apologise for the mistakes of Liz Truss’s government that are expected to add billions of pounds of tax hikes and spending cuts to his budget. The Prime Minister instead insisted on Tuesday that he will make ...

15 Nov 2022 at 13:20

How long will the recession last in the UK?

Chancellor Jeremy Hunt’s autumn statement has caused a spike in Google searches about the economy. The trending search terms include everything from what the OBR stands for to what the new rate is for the state pension. Here are the ...

17 Nov 2022 at 15:51

Pound tumbles amid market fears for UK economy and impact of austerity budget

The pound has dropped sharply against the US dollar as financial markets fretted over warnings the UK is already in recession and fears Chancellor Jeremy Hunt’s austerity budget will compound the economic woes. Sterling dropped ...

17 Nov 2022 at 15:32

Sunak warned public spending freeze would return services to 2010s austerity

Many public services would be stripped back to levels seen in the 2010s era of austerity if Rishi Sunak freezes public service spending, a think tank has warned. Ahead of their autumn budget, the Prime Minister and Chancellor ...

30 Oct 2022 at 11:56

Starmer refuses to rule out axing single-person council tax discount

Sir Keir Starmer has refused to rule out scrapping the 25% single-person council tax discount, saying decisions on the public finances had to be looked at “in the round”. The Prime Minister said he would not be drawn on the ...

13 Sept 2024 at 12:00

Record level of child abuse inquiries prompts council calls for emergency cash

Serious concerns about the record number of investigations launched when information suggests a child is being seriously harmed has prompted councils to call for emergency funding in the forthcoming Budget. Amid concerns ...

09 Oct 2024 at 00:01

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