‘They need more backbone’: budget disappointment reigns in Peterlee

The Labour Party has reversed its commitment to provide day-one protection from unfair dismissal, now planning to implement this right after a six-month period, which contradicts its election manifesto. This decision has sparked criticism regarding the party's adherence to its promises.

Chancellor Rachel Reeves announced a budget that includes a £26 billion tax increase and the scrapping of the two-child benefit cap, aiming to address the UK's cost of living crisis. However, the Institute for Fiscal Studies (IFS) has warned that this strategy may be 'fiscal fiction', as it delays the financial impact until just before the next general election in 2029.

The UK government has decided to abandon its initial plan to allow workers to claim unfair dismissal from their first day of employment, opting instead for a six-month threshold. This change follows a negotiation between major business groups and trade union leaders, marking a significant shift in Labour's approach to employment rights.

Chancellor Rachel Reeves has presented the UK Budget for 2025, which includes a £26 billion tax increase and increased welfare spending aimed at addressing the ongoing cost of living crisis. This budget is a significant move for the Labour government as it seeks to balance fiscal responsibility with the needs of citizens facing economic challenges.

Chancellor Rachel Reeves's recent budget includes a tax break for wealthy former non-domiciled individuals, significantly reducing their inheritance tax liabilities. Experts indicate that this benefit primarily favors those with assets exceeding £83 million, raising concerns about equity in tax policy.

Businesses in Surrey have expressed mixed reactions to Chancellor Rachel Reeves' recent Budget, which includes significant reforms aimed at addressing the ongoing cost of living crisis. The Budget features a £26 billion tax increase and changes to welfare policies, which have sparked varied responses from local enterprises.

Rachel Reeves, the UK Chancellor of the Exchequer, delivered a pre-budget speech in early November, indicating a potential income-tax rise, despite having received favorable fiscal forecasts that suggested more financial flexibility than anticipated. This unusual approach aimed to prepare the public for significant changes ahead of her upcoming budget announcement.

Chancellor Rachel Reeves announced a series of tax increases in the Autumn Budget, which will affect nearly all taxpayers in the UK. The budget includes a £26 billion tax hike, raising the UK's tax take to an unprecedented 38% of GDP by the end of the parliamentary term, aimed at stabilizing the economy amidst ongoing financial challenges.