Economy, Interest Rates & Government Policy News

Brexit, Budget announcements, Bank of England rate decisions, GDP/growth, employment, wages and tax policy.

BoE: More Warnings of Brexit Uncertainty

By Danny Lord | Published: 29.03.2016

The Bank of England has come out with further warnings about the effect that Britain leaving the EU would have on the economy, going as far as to claim that it could well lead to another credit...

SNP to Freeze Income Tax Rates Until 2022

By Danny Lord | Published: 23.03.2016

After increased devolutionary legislation granted the Scottish Parliament more powers over taxation, incumbent SNP leader Nicola Sturgeon announced that income tax rates in the country would be frozen...

George Osborne Under Fire For Avoiding Urgent Budget Question

By George Gangar | Published: 22.03.2016

Labour have continued their criticism of George Osborne over the March Budget following an announcement from the Treasury that he will not appear to respond to an urgent question in the House of...

Cameron Backs Osborne After Budget Controversy

By George Gangar | Published: 22.03.2016

In the aftermath of one of the most controversial budget’s in memory, Prime Minister David Cameron has given George Osborne his full support. This news comes in spite of the fact that the Budget has...

Budget 2016: Money Advice Service Scrapped

By Danny Lord | Published: 18.03.2016

George Osborne announced in his Budget that the Money Advice Service, introduced in 2010 with the aim of providing free advice on debt and finances has now been abolished. The abolition of the Money...

Budget 2016: Rundown of Changes

By Danny Lord | Published: 16.03.2016

Chancellor George Osborne’s latest budget promised a draft of changes with the aim of fuelling productivity, promoting “stability” and providing “long term solutions to long term problems”. Among the...

Budget 2016: ‘On Course for Surplus’

By Danny Lord | Published: 16.03.2016

Chancellor George Osborne has made his latest Budget announcement against the backdrop of the OBR’s assessment of the global economy as “questionable” and responded with a draft of changes promising...

Budget 2016: Osborne to Fund New Transport Routes

By Danny Lord | Published: 15.03.2016

It has been revealed by the Treasury that Chancellor George Osborne will, in his next budget announcement on Wednesday, announce plans to fund a new rail route across the capital as well as a high...

Budget 2016: Osborne Looking to Make £4bn in Cuts

By Danny Lord | Published: 14.03.2016

George Osborne will be seeking to make £4 billion worth of spending cuts in his eighth Budget on Wednesday in an effort to make up some of the £18 billion shortfall announced last week. It was...

Budget 2016: Government "Help to Save" scheme

By George Gangar | Published: 14.03.2016

The government has revealed plans to implement a new scheme designed to offer low-paid employees a savings bonus that could be worth as much as £1,200 over the course of four years. The initiative...