Uk Government

Chancellor Rachel Reeves has announced she will deliver her Spring Statement on 3 March, providing an update on the UK’s economy and public finances. She has instructed the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast to accompany the statement on the same

The Association of Chartered Certified Accountants (ACCA) has urged UK politicians and regulators to adopt a holistic approach to business oversight, warning that the cumulative weight of red tape poses a significant threat to enterprise. In its response to Unlocking business: Reform driven by you,

The UK government has agreed a £150 million joint investment with INEOS to safeguard the future of the ethylene plant at Grangemouth – the last in the UK. The deal, which includes a £120 million government support package, safeguards 500 jobs at the site and hundreds more across th

Cryptocurrencies will be regulated similarly to traditional financial products under new legislation set to come into force in 2027. The Treasury is currently drafting rules that will bring the sector under the strict oversight of the Financial Conduct Authority (FCA).

More than 7,000 companies, business leaders and workers have now signed a public letter urging the UK government to fast-track its new North Sea fiscal regime, amid growing concerns over thousands of avoidable job losses. The letter – which has gained support from First Minister John Swinney a

More than 6,000 companies, business leaders and workers have signed up to a campaign calling on the UK government to fast-track its new North Sea fiscal regime and avert tens of thousands of “avoidable” job losses.  The decision by Chancellor Rachel Reeves to extend the Energy Profi

Responding to a Scottish Affairs Committee report on Scotland's space launch sector, the UK government has committed to setting out its strategic approach to support the sector in 2026. The committee’s report, published in September 2025, warned that Scotland was at risk of losing a “gen

With the Festive season approaching, hospitality and service industry businesses are being warned that they could face fines and the prospect of an employment tribunal if they do not comply with The Employment (Allocation of Tips) Act 2023. The 2023 Act, which impacts more than two million staff wor

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.