All the updated news related to budgets

All the news related to budgets updated in real time

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Scottish Tory leader urges party to unite as he backs under-fire PM

Scottish Conservative leader Douglas Ross has said the Tories need to “be united” as he gave his backing to under-fire Prime Minister Liz Truss. Mr Ross, who was a vocal critic of the PM’s predecessor Boris Johnson during his time in Number 10, was ...

05 Oct 2022 at 11:43

Business

Pictures: Kilkenny Chamber holds annual Budget meeting

Ronan Furlong (PwC Tax Partner), Jim Power (Economist), Anne Barber (Vice-President Kilkenny Chamber), John Hurley (CEO Kilkenny Chamber) and Emma O’Neill (PwC) Stephen Trant, Ciara Coone, Terry Foley, Lorraine Hayden, John Grace and Stephen Casey ...

05 Oct 2022 at 12:33

£2 taken from households in ‘stealthy’ freezes for every £1 in tax cuts – IFS

Households will lose more from “opaque and stealthy” freezes over the next three years than they will gain from headline tax cuts on average, according to the Institute for Fiscal Studies (IFS). By 2025–26, the freezes will take away £2 for every ...

06 Oct 2022 at 01:01

Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high street lenders and the largest ...

06 Oct 2022 at 09:33

Home

Giveaway budget hailed as Longford senator calls for clarity over Lough Ree power station rates shortfall

Both local Fine Gael politicians were understandably exultant at what has been described as the biggest State giveaway in living memory. Senator Carrigy said the Government's decision to enact spending measures of more than €17bn against ...

06 Oct 2022 at 08:33

Scotland

Committee urges Swinney to publish budget on December 15

Holyrood’s Finance and Public Administration Committee has urged the Deputy First Minister to publish the draft budget on December 15. John Swinney, who is in charge of Scotland’s finances while Finance Secretary Kate Forbes is on ...

05 Oct 2022 at 16:50

Volatility of sterling disrupts winter sun holiday planning – survey

The sterling’s volatility is affecting the plans of millions of people planning winter sun holidays, a new survey has suggested. The plans of 59% of UK adults previously considering booking a foreign holiday have been affected by ...

08 Oct 2022 at 01:01

Grant Shapps joins Tory revolt over Liz Truss scrapping top rate of income tax

Tory former cabinet minister Grant Shapps has joined a growing revolt against Liz Truss’s tax plans, branding her decision to scrap the 45p top rate as “politically tin-eared”. Mr Shapps, who was transport secretary under Boris ...

03 Oct 2022 at 00:17

Liz Truss and Kwasi Kwarteng U-turn on scrapping 45p tax rate

Liz Truss and Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. The Chancellor acknowledged that their desire to borrow billions to axe the 45% rate on ...

03 Oct 2022 at 12:08

Chancellor expected to U-turn on scrapping 45p tax rate

Chancellor Kwasi Kwarteng is expected to make an astonishing U-turn over the abolition of the top rate of income tax for the highest earners. Mr Kwarteng is believed to be preparing to issue a statement on Monday, climbing ...

03 Oct 2022 at 08:29

Michael Gove could vote against Liz Truss’s ‘profoundly concerning’ tax plans

Michael Gove could vote against Truss’s ‘profoundly concerning’ tax plans

Tory former Cabinet minister Michael Gove said Liz Truss’s plans to pay for vast tax cuts with increased borrowing were “not Conservative” as he threatened to vote against the mini-budget. The veteran of government, who ...

02 Oct 2022 at 18:52

Local News

Budget implications for the motor industry in Tipperary

Budget 2023, announced this week by Minister for Finance Paschal Donohoe, and Minister for Public Expenditure and Reform Michael McGrath contains some measures specific to motoring: VRT No VRT changes for cars or ...

01 Oct 2022 at 16:33

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