Tag: budget

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Federal budget update: Josh Frydenberg forecasts unemployment rate to fall to under 5%

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The Treasurer, Josh Frydenberg, will reveal in Thursday’s mid-year budget update that Australia’s unemployment rate will fall comfortably below 5% next year as the economy continues to rebound. After many months of vo...

Treasury defends ‘impromptu’ drinks party after Sunak’s autumn budget

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The Treasury has been forced to defend officials holding an “impromptu” drinks party to celebrate Rishi Sunak’s autumn spending review during lockdown, it has emerged. A spokesperson insisted it was a “small number” o...

Scottish budget: record spend promised on tackling climate and poverty

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Scottish ministers have promised record spending on cutting climate emissions and on housing improvements, in a budget that also put heavy emphasis on tackling poverty and low pay. Kate Forbes, the finance secretary, ...

Restaurant offers budget version of Salt Bae’s gold-covered steak

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If you have more money than sense, spending £850 on a gold-covered steak at a Knightsbridge restaurant is a perfectly reasonable thing to do. If you have more sense than money, then head to Durham or Sunderland. The b...

The US should cut the Pentagon budget to fund social

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After months of negotiations, Congress is struggling to come up with a plan to fund the Build Back Better Act. Rather than forcing more cuts that would further limit the bill’s transformative potential, throughout the...

Rishi Sunak faces Tory backlash over ‘big state, high tax’ budget

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Rishi Sunak is facing a budget backlash from traditional Tories, with five former cabinet ministers warning the scale of spending and taxes would stifle growth. The chancellor received a lukewarm reception from a stri...

Autumn budget 2021: where the money comes from and what it is spent on

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Analysis: Sunak’s latest budget details more than £1tn in spending, but rather less in revenue. Here’s a break down of taxes raised and spending by department

Rishi Sunak’s budget ‘hammers’ working people while giving banks a tax cut, says Labour – UK politics live

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Latest updates: shadow chancellor Rachel Reeves says Resolution Foundation report shows this is an ‘out-of-touch, high-tax, low-growth budget’

Rishi Sunak’s budget ‘will lead to flat recovery’; Shell profits sink – business live

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Rolling coverage of the world economy, the financial markets, the eurozone and business.

Budget 2021: who wins and who loses?

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2021-22 Their universal credit payments were worth £412 a month between April and September – reduced to £325 a month for the rest of the year after the £20 a week “uplift” was withdrawn in October. Housing payments ...

Budget 2021: chancellor limits spending to start building election war chest

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Rishi Sunak intends to cut taxes before the next general election, after limiting his budget help to deal with a winter cost of living crisis in order to start building up a war chest for the coming years. The chancel...

Portugal faces snap election as parliament rejects draft budget

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Portugal’s parliament has rejected the minority Socialist government’s proposed state budget for 2022, a move expected to trigger an early election and put a brake on the country’s post-pandemic recovery plans. After ...

Wing and a prayer budget exposes Brand Rishi – and the myth of Merrie England

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Not so much a budget speech, more a hostage video. This wasn’t quite the hour of glory Brand Rishi had imagined for himself when he’d begun writing his third budget. Yes, he’d gone through the motions of having his te...

Budget allocates £2m to plan Beatles-inspired attraction in Liverpool

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A new Beatles-inspired mega attraction on Liverpool’s waterfront, secretly in its planning stages since 2017, is to get a government cash injection of £2m. The money was announced in a budget which included a blizzard...

Budget 2021: Sunak softens universal credit cuts to tackle squeeze on families

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Rishi Sunak has bowed to intense pressure by partly reversing universal credit cuts as he announced measures in the budget to deal with a squeeze on households this winter, with lower alcohol and fuel duties. In a bud...

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