Chancellor's difficult decisions in spring statement could just be the start

Chancellor's difficult decisions in spring statement could just be the start

Government insiders do not scent a rebellion over the spring statement, trusting the chancellor is serious about getting the public finances back on track. But their appetite for cuts has been exhausted today.

Greg Stafford MP: Spring Budget reaction

The Chancellor had the chance to change course and fix the damage she’s caused - but she didn’t. Instead, this Emergency Budget confirms what many feared: Labour’s reckless decisions are dragging the economy down, and it’s hardworking families and businesses who are paying the price.

Related news Spring statement: Reeves announces spending cuts to balance the accounts For ING experts, the task faced by Reeves in his 'Spring Declaration' was 'simple, but full of risks'.However, the challenge "seems to have been overcome to a large extent, at least judging by the market reaction." "The increase in borrowing costs had exhausted all its fiscal margin, money left over under the main fiscal rule that required a budget surplus by t…

Chancellor’s difficult decisions in spring statement could just be the – khbrknews

It might not have been a budget, but the spring statement felt like one. There was red pen all over the chancellor’s economic plans as Rachel Reeves sought to repair deteriorating public finances by cuts that will hit the poorest in society. Faced with a deteriorating economic outlook and rising debt repayment costs, the chancellor was in a tight spot having made her big call back in October when she executed a – her words – “once in a generatio…

Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part of her Spring Statement today (26 March). UK businesses had been hopeful the chancellor would raise the relief rate for retail, hospitality, and leisure after cutting it to 40% in the October budget, where increases in the national living wage and employer NI contributions were also announced. From 1 April, employers’ NI c…