Economy, Interest Rates & Government Policy News

The Bank of England has raised Bank Rate from 3.75% to 4% following its latest Monetary Policy Committee (MPC) meeting on Thursday 5 November 2026. The 0.25 percentage point increase is the first rise...

Chancellor John Healey has delivered his first Budget, setting out the Government’s plans for tax and spending.  Households in council tax bands A to D in England will get a £100 payment towards their...

As the seasons shift, so does the economic landscape, with the Autumn Labour Budget introducing a range of policies aimed at supporting households across the UK. But what do these budget changes mean...

Rishi Sunak has said that the government will be providing households with  further support in an effort to offset rising energy costs.This will be funded partly by a proposed £5bn windfall tax on oil...

It has been revealed that HMRC is only aware of 153, 241 trust funds in the UK, despite estimates that as many as one million have been set up.Since June 2017, all trusts must be registered with HMRC....

Last week, Rishi Sunak laid out a mini budget to address the cost of living crisis. Concerns about rising prices have been growing for some time, and there has been government support, calls for...

Rishi Sunak’s autumn budget was announced last week, and as always, it has led to some analysis and speculation. Crucially, what we all want to know is who's going to benefit and who's going...

Chancellor Rishi Sunak has outlined plans for government spending in his 2021 autumn budget. The briefing, held on Wednesday, set out a series of initiatives with the influence of the Coronavirus...

The government has increased the national living wage to £9.50 per hour, with the change set to take effect in April 2022. The decision was made following a recommendation from the Low Pay Commission,...

New official figures show that the UK economy contracted by 9.9% in 2020 as Covid-19 restrictions severely hindered output.The Office for National Statistics (ONS) said that the shrinkage last year...