{
}
U.K. Finance Minister Rachel Reeves is set to deliver the Labour government's first budget in nearly 15 years, addressing a £100 billion spending gap amid rising government borrowing costs and declining business confidence. The budget will propose changes to debt rules to free up investment funds, while tax increases for higher earners and potential adjustments to inheritance and capital gains taxes are under consideration. Analysts warn that balancing fiscal responsibility with growth initiatives will be a challenging task for Reeves.
UK consumer confidence has dipped slightly, with a GfK survey showing a 1-point decline to minus-21 in October. This downturn reflects growing concerns over Labour's upcoming budget, overshadowing improvements in personal financial sentiment and raising fears of a potential "vibecession."
GFK Bau GmbH
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
uk government prepares for first budget amid economic uncertainty and tax speculation
British Pound Sterling
The Goldman Sachs Group, Inc.
Hargreaves Lansdown plc
Nomura Holdings, Inc.
GFK Bau GmbH
GBR
Susannah Streeter
Rachel Reeves
Andrzej Szczepaniak
Keir Starmer
Liz Truss
Show more
07:10 28.10.2024
uk consumer confidence declines amid concerns over upcoming budget plans
01:01 25.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
Industry Mergers & Acquisitions
Startups & Entrepreneurship
Inflation and Monetary Impact
Government Economic Policies
Domestic Politics
CEO Changes
Market Analysis and Predictions
Workplace Trends
Government Policies
Supply Chain Management
Financial Scams and Security
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
Berkshire Hathaway Inc.
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
SpaceXCoin USD
Jenoptik AG
Air France-KLM
Bank of America Corporation
Amazon.com, Inc.
NVIDIA Corporation
Infineon Technologies AG
Banco BPM S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People:
Donald Trump
Elon Musk
JD Vance
Sergio Ermotti
Warren Buffett
Mark Haefele
Jennifer Piepszak
Ursula von der Leyen
Olivier Calvet
Scott Bessent
George Saravelos
Karoline Leavitt
Francois Xavier Bouvignies
Joseph Spak
Robin Leopold
Susan P. Crawford
Greg Rubini
Narendra Modi
Joe Biden
Petra Kaltenbach