Reeves’s plan to cut cash Isa limit could raise mortgage rates, say finance bosses

Chancellor Rachel Reeves is set to announce a budget aimed at addressing the UK's cost of living crisis, a pivotal moment for the Labour government led by Keir Starmer. The budget, scheduled for November 26, is expected to include significant tax increases to cover a £20 billion spending gap and to stabilize the economy amidst lower growth forecasts.

The Chancellor is set to announce a comprehensive budget today, which is expected to include a range of tax increases aimed at stabilizing public finances while fostering economic growth. This comes amid rising concerns about the UK's financial outlook and the need for fiscal adjustments.

Chancellor Rachel Reeves announced a 4.1% increase in the national minimum wage, raising it from £12.21 to £12.71 per hour for workers over 21, effective from April. This change is expected to benefit approximately 2.4 million low-paid workers, increasing their annual earnings by around £900.

Chancellor Rachel Reeves is preparing for a crucial budget announcement amid deep unpopularity and concerns from Labour MPs. The upcoming budget, scheduled for November 26, is seen as a pivotal moment for Reeves, who faces pressure to address fiscal challenges while maintaining party support.

Chancellor Rachel Reeves is preparing for a significant budget announcement scheduled for November 26, amid skepticism regarding her proposed tax increases and spending cuts. This budget is viewed as a crucial moment for her leadership and the Labour Party's fiscal strategy.

Chancellor Rachel Reeves is expected to announce a £550 increase for 13 million pensioners in her upcoming budget, which is anticipated to be above the current inflation rate. This announcement is part of a broader strategy to address the financial challenges faced by older citizens in the UK.

The Chancellor is set to announce a support package exceeding £16 million aimed at Northern Ireland businesses as part of the upcoming Budget, which will be revealed on Wednesday. This initiative is designed to assist businesses in adapting to the post-Brexit trading environment.

Chancellor Rachel Reeves is set to implement a crackdown on benefit fraud while simultaneously lifting the two-child limit for universal credit, a move expected to cost £3 billion. This initiative aims to generate an additional £1.2 billion in savings as the government addresses rising welfare spending criticisms ahead of the upcoming budget.