UK government borrows more than expected in setback before budget

Rachel Reeves, the UK's first female chancellor, expressed her frustration with individuals 'mansplaining' her role as she prepares to present her budget next week. In an interview, she highlighted the pressures of her position amid ongoing political scrutiny and attacks.

The UK government is advocating for ISA investors to increase their holdings in UK stocks. However, many investors are already heavily invested in these shares, raising concerns about overexposure in the market.

Chancellor Rachel Reeves is expected to announce an increase in duties for gambling firms, including bookies and casinos, during the upcoming budget. This decision follows months of speculation and lobbying efforts from the gambling industry aimed at influencing government policy. The proposed changes are anticipated to have significant financial implications for these companies.

Chancellor Rachel Reeves is preparing to unveil her second Autumn Budget amid a struggling economy, with tax increases anticipated. Analysts are closely monitoring the situation as the budget announcement approaches, expected to include significant fiscal measures.

Experts are urging Chancellor Rachel Reeves to initiate a comprehensive revaluation of council tax properties in the upcoming budget. This call comes as the Treasury is reportedly planning to update the valuations of homes in the top three council tax bands, which have not been revised since 1991. The proposed changes aim to address disparities in council tax bills across different regions.

According to the Office for National Statistics, nearly one million young people in the UK remain out of work or education, representing one in eight youth. Although this figure has seen a slight decrease, it highlights ongoing challenges within the job market for young individuals.

The UK government has announced a crackdown on ticket resales for various sports, including rugby, tennis, boxing, Formula One, and athletics. However, the Premier League and football have been excluded from this regulation. This decision raises concerns about the financial impact on football fans, who may continue to face soaring resale prices without any protective measures in place.

Chancellor Rachel Reeves is set to announce a £1.7 billion plan for the extension of the Docklands Light Railway (DLR) to Thamesmead, one of London's most deprived areas. This funding aims to improve connectivity and is expected to facilitate the development of thousands of new homes in the region. The announcement is anticipated during the upcoming budget presentation next week.