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Chancellor hints at tax and spend shift to cushion Budget
The chancellor has given the clearest indication yet that she wants to give herself more financial breathing space in November’s Budget. Speaking at a gathering of business leaders in Saudi Arabia, Rachel Reeves said she wanted to ensure the UK had “sufficient headroom” to provide resilience against future shocks. The implication is that the £9.9bn…
Tankers urged not to pay fee to Iran to use Strait of Hormuz
The war has reduced the passage of tankers through the strait to a trickle. Only 15 vessels have made the trip since Tuesday, compared to an average of almost 140 each day prior to the outbreak of the conflict, carrying a fifth of the world’s oil and gas supplies. Almost 800 ships have been left…
What are National Insurance and income tax and what could change in the Budget?
Getty Images There has been speculation that November’s Budget could see Chancellor Rachel Reeves break Labour’s pre-election pledge not to increase income tax, National Insurance (NI) or VAT for working people. It’s been suggested that she could extend a freeze to the income thresholds at which people start paying the taxes, or have to pay…
Trump Administration Reportedly Considering Ban on Outsourcing to Indian IT Firms After Imposing 50% Tariff on Indian Goods
Washington / – After slapping a 50% tariff on Indian goods, U.S. President Donald Trump is now reportedly weighing a ban on outsourcing work to Indian IT companies, a move that could have severe repercussions for India’s multibillion-dollar technology sector. The speculation arose from a post by Lara Loomer, a prominent right-wing Trump supporter, who…
