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. Budget airlines have transformed air travel over the past two decades, making a flight almost as cheap as a coach journey for hundreds of millions of travellers. ... [Read full article on BBC ]
Sunday 26th of March 2017 02:50:44 AM
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.... . Last week, amid a public outcry, Chancellor Philip Hammond was forced to scrap plans to raise National Insurance contributions for self-employed people, which he had outlined in the recent Budget. ... [Read full article on BBC ]
Friday 24th of March 2017 12:17:29 PM
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....At his budget earlier this month, Philip Hammond was able to announce a brighter outlook for growth this year from the government’s independent forecasters. The Office for Budget Responsibility raised its forecast for GDP growth this year to 2% from 1. ... [Read full article on Guardian ]
Friday 24th of March 2017 10:30:30 AM
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.... . "But the Congressional Budget Office also highlighted that the savings expected from Trump's healthcare bill would be much less than expected, which could limit the size and scope of his infrastructure spending plan. ... [Read full article on BBC ]
Monday 27th of March 2017 08:11:23 AM
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....The second is that the president’s ambitions may well have to be scaled down. Trump wants to use the savings from replacing Obamacare with something cheaper to fund his fiscal boost, but the Congressional Budget Office said last week that the impact on the budget deficit would be substantially less than originally estimated: a reduction of $150bn (£120bn), rather than $336bn. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:02:24 AM
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.... And when the Brexiters threaten Nicola Sturgeon with dire warnings about Scotland losing its largest market, namely England, they seem unaware of the irony that the newly fashionable strategy of “no agreement is better than a bad agreement” involves England itself leaving its largest market. The furore over national insurance dominated coverage of the budget but, for me, the really interesting aspect, apart from Chancellor Philip Hammond’s choice to continue with George Osborne’s socially destructive austerity programme, was that the Office for Budget Responsibility (OBR) report on the economic and fiscal outlook contained a sober assessment of the consequences of Brexit for our economy – and it was hardly calculated to lift the spirits. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:03:24 AM
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Latest Finance News related to Budget

FTSE 100 falls as pound jumps against dollar image
Source : BBC [Read Article] Monday 27th of March 2017 08:11:23 AM
.... . "But the Congressional Budget Office also highlighted that the savings expected from Trump's healthcare bill would be much less than expected, which could limit the size and scope of his infrastructure spending plan. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
.... And when the Brexiters threaten Nicola Sturgeon with dire warnings about Scotland losing its largest market, namely England, they seem unaware of the irony that the newly fashionable strategy of “no agreement is better than a bad agreement” involves England itself leaving its largest market. The furore over national insurance dominated coverage of the budget but, for me, the really interesting aspect, apart from Chancellor Philip Hammond’s choice to continue with George Osborne’s socially destructive austerity programme, was that the Office for Budget Responsibility (OBR) report on the economic and fiscal outlook contained a sober assessment of the consequences of Brexit for our economy – and it was hardly calculated to lift the spirits. ...
Wall Street’s love affair with Trump cools as healthcare bill sows welcome doubts image
....The second is that the president’s ambitions may well have to be scaled down. Trump wants to use the savings from replacing Obamacare with something cheaper to fund his fiscal boost, but the Congressional Budget Office said last week that the impact on the budget deficit would be substantially less than originally estimated: a reduction of $150bn (£120bn), rather than $336bn. ...
Cheaper flights image
Source : BBC [Read Article] Sunday 26th of March 2017 02:50:44 AM
. Budget airlines have transformed air travel over the past two decades, making a flight almost as cheap as a coach journey for hundreds of millions of travellers. ...
Cycle courier wins holiday pay battle image
Source : BBC [Read Article] Friday 24th of March 2017 12:17:29 PM
.... . Last week, amid a public outcry, Chancellor Philip Hammond was forced to scrap plans to raise National Insurance contributions for self-employed people, which he had outlined in the recent Budget. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....At his budget earlier this month, Philip Hammond was able to announce a brighter outlook for growth this year from the government’s independent forecasters. The Office for Budget Responsibility raised its forecast for GDP growth this year to 2% from 1. ...
Government borrowing falls in February image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:02:34 AM
....Analysts said the figures meant the government was on track to meet revised borrowing targets. In the Budget, the Office for Budget Responsibility revised its end-of-year borrowing forecast to £51. ...
NHS trust triples injury payout to £9.3m under controversial new rules image
....In documents published after the budget, it emerged the government’s finances will take a near-£6bn hit as a result of the increased bill faced by the NHS and other parts of the public sector as a result of the changes made to the way compensation awards will now be calculated. The Office for Budget Responsibility said the government would be setting aside an extra £1. ...
NICs U-turn image
Source : BBC [Read Article] Wednesday 15th of March 2017 05:19:09 PM
. Reality Check verdict: About 80% of self-employed workers will pay less National Insurance from April 2018, with the rest seeing no change after the government abandoned changes announced in the Budget. ...
U-turn over Budget plan to increase National Insurance image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:30:48 PM
Jobless rate down but wage growth slows image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:32:42 AM
....Ahmed: May's income headache. Following last week's Budget, Paul Johnson, director of the Institute for Fiscal Studies (IFS) warned that wages were unlikely to be higher in the next five years. ...
Britons pay almost £2billion in extra inheritance tax over next five years image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 12:01:00 AM
....8billion more than originally forecast in November. The figures were released last Wednesday by the Office for Budget Responsibility but were overlooked amid outrage over Chancellor Philip Hammond’s tax grab on the self-employed. ...
Britons pay almost £2billion in extra inheritance tax over next five years image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 12:01:00 AM
....8billion more than originally forecast in November. The figures were released last Wednesday by the Office for Budget Responsibility but were overlooked amid outrage over Chancellor Philip Hammond’s tax grab on the self-employed. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....The Government may struggle to meet its target of clearing the deficit in public finances by 2025 according to the official spending watchdog. Robert Chote, chairman of the Office for Budget Responsibility, was giving evidence before the Commons Treasury Committee. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... And the Treasury is placing great emphasis on the importance of “productivity” – ie the supply side of the economy – to provide the future growth on which higher living standards and tax revenues ultimately depend. For the uncomfortable truth, underlined by the Office for Budgetary Responsibility, the Institute for Fiscal Studies and the Resolution Foundation last week, is that, after a splurge of consumer spending largely financed by borrowing, the outlook for real incomes is pretty bleak – indeed, there are already signs of a slowdown, and the OECD is forecasting economic growth this year of a mere 1. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... Having already broken convention by abolishing future spring budgets and then using his final one to deliver a few gags (“they don’t call it the last Labour government for nothing”), Philip Hammond will be spared from explaining himself to Andrew Tyrie and co this week. Instead, the committee will play host to Robert Chote, chairman of the Office for Budget Responsibility on Monday, plus a couple of his sidekicks, before Tuesday brings an appearance by Paul Johnson, the boss of the Institute for Fiscal Studies thinktank. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
. Chancellor Philip Hammond's "tax raid" on the self-employed in the Budget has been described as a "rookie error" by former Tory chancellor Lord Lamont. ...
Isas back in favour after tax allowance hike image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
.... It will be open to everyone aged 16 and over and have a minimum investment limit of £100 and a maximum of £3,000. The Treasury said the bond would support savers affected by low interest rates, but Maike Currie at investment firm Fidelity International said: “Anyone saving into the new investment bond will struggle to achieve a real return, with Office for Budget Responsibility expectations for inflation to rise to 2. ...
Road tax rises image
Source : BBC [Read Article] Friday 10th of March 2017 10:07:22 PM
....Importantly, if you have a car already, these rule changes do not apply and you will continue to pay VED under the existing rates. The changes, announced in the July 2015 Budget, reflect the fact that car manufacturers have cut many car models' CO2 emissions. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
....“However, we know that the Treasury is concerned by the drop in tax revenues as a result of businesses across the economy incorporating to reduce their tax bills, and the Chancellor hinted at a review into the matter during his Autumn Statement last year. “With this Government’s recent track record in mind, we’d advise any landlords who have yet to incorporate to wait to see whether a consultation is launched in the Budget before making a decision. ...
Doubts over new 'leading' savings deal announced in Budget image
Source : BBC [Read Article] Friday 10th of March 2017 10:37:00 AM
. A "market-leading" savings deal - announced by the chancellor in the Budget - is likely to be bettered soon, experts suggest. ...
Wetherspoons chairman criticises 'dinner party' Budget image
Source : BBC [Read Article] Friday 10th of March 2017 08:04:21 AM
. The chairman of JD Wetherspoons has criticised the Chancellor for a "dinner party" Budget that failed to tackle tax inequalities between pubs and supermarkets. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
....Theresa May has said the National Insurance increase for self-employed workers will make the system "fair", amid criticism from some Conservatives. The Budget change broke a manifesto pledge - with one Conservative whip saying ministers should apologise. ...
The UK economy breaks more records – for all the wrong reasons image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:40:24 PM
....What’s more, the productivity growth that has been lost will never come back. That’s because the Office for Budget Responsibility believes the UK has run out of spare capacity, which means the economy cannot grow any faster without generating inflation. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
....It's predicted that around 2. 2million people - including around seven per cent of pensioners - will be impacted by the changes revealed in the 2017 Budget. ...
No rights, more tax: this is Conservative ‘fairness’ for the self-employed | Frances O’Grady image
....The planned changes to universal credit are set to clobber the self-employed even harder than other working people. Hidden away in the small print of this month’s Office for Budget Responsibility report is a table showing the impact of a “minimum income floor”. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
Budget 2017: What the experts say image
Source : Independent [Read Article] Thursday 9th of March 2017 11:05:00 AM
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No pay rise for 15 years, IFS warns UK workers image
Source : Guardian [Read Article] Thursday 9th of March 2017 08:57:23 AM
.... This is completely unprecedented,” he said at the IFS’s traditional post-budget day briefing. Johnson said the latest economic outlook from the government’s independent forecaster, the Office for Budget Responsibility, implied that in the wake of the financial crisis the UK had suffered permanent losses to productivity – a measure of output per hour. ...
Budget 2017: Squeeze on family finances 'extended until 2020s' image
Source : BBC [Read Article] Thursday 9th of March 2017 07:40:05 AM
. The squeeze on both family and public finances have been prolonged until well into the 2020s, according to a think tank's analysis of the Budget. ...
Hammond: Budget National Insurance rise due to 'new challenges' image
Source : BBC [Read Article] Thursday 9th of March 2017 04:44:28 AM
....Chancellor Philip Hammond says National Insurance is being increased for self-employed workers because of "new challenges" the government faces. Mr Hammond is facing a backlash against the Budget announcement, which breaks a 2015 manifesto pledge on tax rises. ...
Budget 2017: Asset sales to thank for UK's figures? image
Source : BBC [Read Article] Wednesday 8th of March 2017 11:50:23 PM
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Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....The chancellor made only glancing reference to Britain’s looming exit from the EU but said the government was intent on keeping Britain at the cutting edge of the global economy with a focus on education, skills and productivity. The independent Office for Budget Responsibility said the short-term prospects for the economy were brighter than it had envisaged in the autumn statement last November. ...
Osborne to earn £650,000 a year advising US financial firm image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:31:00 PM
....Former foreign secretary William Hague joined Citigroup as an adviser earlier this year while former prime minister Gordon Brown sits on the global advisory board at investment manager Pimco, and his predecessor Tony Blair joined JP Morgan in 2008 shortly after leaving office. Mr Osborne, who served as chancellor between 2010 and 2016 before being sacked by Theresa May after she took power, was in the Commons on Wednesday to watch his successor Philip Hammond deliver his first Budget. ...
Government finances face near-£6bn hit over changes to personal injury payouts image
....The lord chancellor, Liz Truss, announced a cut to the so-called Ogden discount rate last month which is pushing up the payouts to claimants but increasing the cost to organisations such as the NHS. The Office for Budget Responsibility said the government was now setting aside an extra £1. ...
UK economy will grow 2% this year but slow next, OBR predicts image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:58:42 PM
. The UK economy will confound forecasts for a Brexit-related slowdown through 2017, but will then quickly run out of steam as rising prices hit consumer spending, the Office for Budget Responsibility has predicted. ...
Budget 2017 tax tables: what the Government's changes mean for you image
Source : Independent [Read Article] Wednesday 8th of March 2017 07:47:16 PM
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Spring Budget winners and losers image
Source : BBC [Read Article] Wednesday 8th of March 2017 07:43:42 PM
. From fuelling up to funding schools, how will Chancellor Philip Hammond's Budget affect you?. ...
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Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
....As Hammond noted, the resilience of the economy has confounded most – if not all – commentators. The economy grew a little less rapidly in 2016 than the independent Office for Budget Responsibility expected when it last reported in November, but that was because activity in the pre-referendum period was weaker than previously thought. ...
Budget 2017: What it means for you – video analysis image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:13:30 PM
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Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
. Businesses owners who pay themselves in dividends on top of a small salary will be hit by a change announced in the Budget. ...
Budget 2017: Five key points image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:00:15 PM
. Chancellor Philip Hammond has delivered his Spring Budget. ...
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Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
. As Chancellor Philip Hammond unveiled the Budget 2017, BBC audiences got in touch to ask questions about the meaning of the government's economic plans. ...
Budget 2017: Shopkeepers give their reaction image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:10:49 PM
. BBC News asked five shopkeepers to explain how Chancellor Philip Hammond's Spring Budget affects them. ...
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Budget: UK Plc gives its verdict image
Source : BBC [Read Article] Wednesday 8th of March 2017 04:07:53 PM
. The chancellor has not done enough to help companies in the short-term, according to British business groups, while the self-employed have emerged as the "biggest losers" in the Budget. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....Hammond said stronger than expected tax receipts had contributed to a better outlook for borrowing, but insisted it would be the wrong response to use up any of the extra headroom he created by loosening tax-and-spending rules last autumn. Revealing that the Office for Budget Responsibility (OBR) had revised its growth forecast for this year from the 1. ...
Are you a Budget winner or loser? image
Source : Independent [Read Article] Wednesday 8th of March 2017 03:58:00 PM
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Budget: National Insurance rise criticised image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:42:03 PM
....Rises in National Insurance Contributions (NICS) for self-employed workers have been criticised as "penalising entrepreneurs". Chancellor Philip Hammond announced in the Budget that the rate for Class 4 NICS would rise from 9% to 10% in April 2018, and to 11% in 2019. ...
Philip Hammond keeps his powder dry with a 'boring' budget | Larry Elliott image
....Given the government’s commanding lead in the opinion polls, only pronounced weakness in the economy would have forced Hammond to provide a major fiscal boost through tax cuts and spending increases. But growth has surprised on the upside since the EU referendum last June, with the result that the Office for Budget Responsibility has revised up its forecast for 2017 from 1. ...
The Budget in 45 seconds image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:13:28 PM
. BBC economics editor Kamal Ahmed on the three of the main points in Philip Hammond's Budget speech. ...
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Budget: Does NI rate rise break a pledge? image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:04:52 PM
....The government did pass an act of Parliament in 2015, called the National Insurance (Rate Ceilings) Act, which prevented it from raising National Insurance rates, although that will not be breached because it referred to Class 1 National Insurance only, which is paid by employees, not by the self-employed. The Institute for Fiscal Studies argued before the Budget that the fact more tax was paid on the earnings of employees than those of the self-employed was not justified. ...
Budget 2017: Online calculator reveals what Philip Hammond's announcements mean for your money image
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Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....The changes to the taxation of dividends was criticised for “leaving the door open to massive tax avoidance” by wealthy people working for their own companies. New data published by the Office for Budget Responsibility showed that a previous increase in dividend taxes resulted in much of the benefit falling to “just 100 individuals who were able to withdraw dividends averaging £30m each from their companies before the higher tax rate took effect”. ...
Budget 2017: What it means for you image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:09:53 PM
. Two Budgets in one year have the potential to make a major impression on your household finances. ...
Budget: Money for robots, cars and 5G image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:04:53 PM
. Funding for research into robotics and a next-generation 5G mobile network, has been announced by Chancellor Philip Hammond as part of his Budget. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....Couples should also make full use of personal allowances and basic rate tax bands, where applicable, so that taxable dividends are paid in the name of the spouse who pays the lowest tax rates. Mr Hammond also ignored calls to use the 2017 Budget to reverse looming cuts to the Money Purchase Annual Allowance, which is to fall from £10,000 to £4,000 in April. ...
Budget 2017: Savers BOOST with new top paying NS&I bond...paying 2.2% on savings image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:33:00 PM
. The Chancellor used the 2017 Budget to confirm the new National Savings & Investment (NS&I) savings bond will have a term of three-years and up to £3,000 can be kept in the account. ...
Budget: More help for pubs in rates change image
Source : BBC [Read Article] Wednesday 8th of March 2017 01:28:46 PM
....Overall, the extra relief will cost the government £435m, Chancellor Philip Hammond said. Ahead of the Budget, business had been lobbying hard over the issue. ...
Budget 2017: What it means for YOU? Self-employed, savers, pensioners, and motorists image
. The Budget 2017 provided details on how the Government will steer the economy through Britain's exit from the European Union, ahead of Article 50 being triggered later this month. ...
Budget 2017: What it means for parents - tax-free childcare to start next month image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:00:00 AM
. In his debut Budget Chancellor Philip Hammond said the move would save parents up to £2,000 per child each year. ...
Budget expected to forecast stronger economic growth image
Source : BBC [Read Article] Tuesday 7th of March 2017 04:05:43 PM
....The Chancellor, Philip Hammond, will be announcing his budget against a backdrop of stronger economic growth. Latest economic figures from the Office for Budget Responsibility, revealed during the speech, are likely to be much better than predicted six months ago. ...
Budget 2017: Philip Hammond urged to change inheritance tax rules image
Source : Daily Express [Read Article] Tuesday 7th of March 2017 02:28:00 PM
....But the threshold has been at this level since 1981 - if it had increased with inflation it would now be at £10,000. Now experts say Mr Hammond should use the 2017 Budget to make the allowance more generous. ...
Budget 2017: BBC editors make their predictions image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:35:23 AM
....Video journalist: Jeremy Howell. Follow the BBC's full Budget coverage here. ...
Reality Check image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:31:56 AM
....The claim: Taxes could rise to their highest level as a proportion of national income since 1986-87 by 2019-20. Reality Check verdict: The Office for Budget Responsibility (OBR) forecasts suggest taxes could actually reach that level as soon as 2017-18. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
. This week's Budget will be the last one to take place in the spring, assuming that the Chancellor Philip Hammond does not change his mind on the issue. ...

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