Chancellor Rishi Sunak will stand by the 2019 Conservative manifesto pledge and not raise income tax, VAT or national insurance in the upcoming budget, according to reports.
The Welsh Government has proposed a one percentage point increase in its residential land transaction tax, the successor to stamp duty land tax, to help “support housing priorities”.
Speculation is growing that the government will opt for another one-year spending round following the announcement that November’s Budget will be delayed until next year.
With half of the UK registering productivity levels about the same as the poorer parts of the former East Germany, the prime minister’s pledge to “level up every part of the country” is...
Rishi Sunak has expanded the 100% business rates holiday to all leisure, retail and hospitality businesses, as he updated the Treasury's coronavirus package.
Public sector net debt is forecast to rise by £125bn or 4.6% of GDP, as government embarks on the largest spending increase since 1992, according to the Office for Budget Responsibility.
The Treasury has written to local authority finance officers to confirm a new discount rate for borrowing for housing spending from the Public Works Loan Board.
CIPFA’s chief executive warns that government proposals to restrict council investment in commercial property could signal a more prescriptive approach.
Rishi Sunak hinted at a coming change to the government’s fiscal rule, promising to report back to parliament in the autumn after consulting with experts on how extra spending could boost the economy.
Chancellor Rishi Sunak has announced plans to remove business rates for small businesses this year, as part of a £12bn package to tackle the economic impact of coronavirus.
The government has announced plans to cut the Public Works Loan Board interest rate - but only after it has introduced measures to ban councils borrowing to invest in commercial property.
The funding gap for local councils is estimated to be £1.4bn lower than previously forecast, according to research from the Local Government Association.
The chair of the National Infrastructure Commission has voiced his disappointment over a delay to the publication of the government's £100bn National Infrastructure Strategy.
Chancellor Rishi Sunak has been warned he will have to reassess the plans his first Budget, in response to the economic disruption caused by the spread of the coronavirus.
Chancellor Rishi Sunak needs to increase funding for local government in his forthcoming Budget if the government is serious about it's aim of 'levelling-up' the UK economy, says Paul Dossett.
