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Tag: OBR

Breaking News 3 Mar 2026 Trade & Economy2 min

Spring Statement Fails to Boost Growth as OBR Delivers Bleak Outlook

Breaking News: Jeremy Hunt’s Spring Statement offered limited tax cuts alongside a significant downgrade to UK economic growth forecasts. Jeremy Hunt delivered his Spring Statement to Parliament today, unveiling modest tax reductions overshadowed by revised economic forecasts from the Office for Budget Responsibility (OBR). The OBR now predicts UK economic growth of just 0.8% this […]

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Breaking News 26 Nov 2025 Trade & Economy2 min

Reeves’s Budget: Shadow Chancellor Pledges £26bn Tax Hike

Breaking News: Labour’s Rachel Reeves has announced a Shadow Budget raising taxes to their highest sustained level since 1948. Rachel Reeves, Labour’s Shadow Chancellor, has unveiled a financial plan that will increase taxation by £26 billion, according to reports. The proposal, presented today, targets non-domicile tax status, private equity carried interest, and capital gains. It […]

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