Uk Government

Richard Hughes, chair of the Office for Budget Responsibility (OBR), has taken the "unusual step" of publishing the evolution of the watchdog’s economic forecasts, confirming that Chancellor Rachel Reeves knew she had met her financial targets days before warning the public of a dire economic

The UK government is set to launch a consultation in early 2026 regarding the future of the Lifetime ISA (LISA), signalling an intention to replace the current scheme with a new, simpler product aimed at first-time buyers. According to Budget 2025 documents, the move is designed to untangle the comp

Chancellor Rachel Reeves delivered her second Budget today under chaotic circumstances, as the Office for Budget Responsibility (OBR) accidentally released its economic forecasts before she had even taken to the despatch box. Reeves branded the breach "deeply disappointing" and a "serious error", co

Chancellor Rachel Reeves is set to reduce the annual cash ISA limit to £12,000 in Wednesday’s Budget, cutting the allowance from its current level of £20,000. The move is part of a broader government strategy to divert household savings into the UK stock market, following a period

Chancellor Rachel Reeves has abandoned plans to raise income tax at the 26 November Budget, following improved economic forecasting from the Office for Budget Responsibility (OBR). Ms Reeves had previously hinted at tax rises or "deep cuts" to public investment to fill a significant gap in her spend

The Scotch Whisky Association (SWA) has joined six other leading UK drinks trade bodies in a united call on the Chancellor to freeze excise duty in the forthcoming Autumn Budget. The joint appeal was issued Wednesday evening, two weeks before the budget and following a collective meeting with the Ex

The UK government is facing a fresh internal row after Chancellor Rachel Reeves reportedly informed the fiscal watchdog of plans to raise income tax, breaking a key 2024 manifesto pledge.

Chancellor Rachel Reeves is reportedly considering a plan to end the windfall tax on North Sea oil and gas producers one year ahead of schedule. The proposal, under discussion ahead of the upcoming Budget, would see the Energy Profits Levy scrapped in March 2029 rather than 2030, Financial Times rep

New research from the Scotch Whisky Association (SWA) has warned that the rising price of alcohol is a significant driver of UK in 2025, adding to fears that consumers will be pushed to pay more for goods in the lead up to the festive season. Research conducted by the trade body, which represents th

ACCA (the Association of Chartered Certified Accountants) has called on the UK government to fix the scourge of late payments through practical solutions which business will understand and can work with. ACCA is supportive of the attempts by this administration to tackle poor payment practices in th

The UK government has announced the creation of a new 'Scale-up Unit' designed to help growing financial services firms navigate complex regulations, in a move aimed at boosting investment and creating high-skilled jobs. Speaking at a conference of regulators and business leaders in Leeds to boost r

Thousands of North Sea oil and gas workers are set to receive support to transition into the sustainable energy sector, following an £18 million funding boost.

Scotland's Rural Affairs Secretary, Mairi Gougeon, has criticised the UK government's allocation of the Fishing and Coastal Growth Fund, labelling the £28 million offered to Scotland as "wholly unacceptable" and "insulting" to the nation's fishing industry. In a letter to the UK Minister of St

Chancellor Rachel Reeves is preparing a tax crackdown on professional partnerships, targeting accountants, lawyers, and other professionals using limited liability partnerships (LLPs) as part of her plan to ensure those with the “broadest shoulders” contribute more. The proposal involves

Chancellor Rachel Reeves is facing mounting pressure to rule out a wealth tax in the upcoming Autumn Budget, following new research estimating such a levy could drive £100 billion of assets out of the UK.