As expected, the Bank of England left interest rates on hold at its November quarterly meeting. Three members were still calling for rate hikes of a ¼ of one per cent even though the Bank of England lowered its forecast for GDP growth in 2024 from half a per cent to zero and its forecast …
Mini Budget 2022: all the money is on tax cuts
Friday’s mini-Budget was anything but small. It’s the biggest tax-cutting Budget since the ‘Barber’ boom Budget of 1972 or 50 years ago. Unfortunately, the parallels are not good, as that Budget did not end well. Eventually, it led to the loss of a general election by Conservative prime minister Ted Heath. Time will …
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An election Budget?
This Budget was presented by a government that seemed to be preparing for an imminent general election. It promised tax cuts, continued growth, lower fiscal deficits and more spending on the NHS and the welfare state. Of course, a lot of this may not come to pass. Given the significant turbulence of the last …