Oct 3, 2022 | Government Announcements
Chancellor of the Exchequer, Kwasi Kwarteng, announced a U-turn on the Government's plan to abolish the 45p top rate of income tax on Monday (3 October). The announcement comes less than two weeks after the Chancellor's tax-cutting mini-budget on 23 September. During...
Sep 30, 2022 | Government Announcements
The Office for National Statistics (ONS) has estimated that gross domestic product (GDP) rose by 0.2% in Q2 2022, revised from initial estimates that the economy contracted by 0.1%. The new estimates suggest that, contrary to recent warnings from the Bank of England...
Sep 29, 2022 | Government Announcements
The Bank of England (BoE) announced a £65 billion "gilt market operation" aimed at protecting the economy on Wednesday (28 September). As part of this operation, the BoE will carry out temporary purchases of long-dated Government bonds in an attempt to restore...
Sep 28, 2022 | Government Announcements
The Treasury has confirmed that Chancellor of the Exchequer Kwasi Kwarteng will set out a medium-term financial plan on 23 November this year. The plan will be supported by costings, and set out further details on the Government's fiscal rules, including ensuring that...
Sep 27, 2022 | Government Announcements
The Bank of England's (BoE) monetary policy committee (MPC) voted to increase interest rates from 1.75% to 2.25% on Thursday (22 September) in an attempt to curb soaring prices. In August, interest rates were raised by the highest margin in 27 years, following...
