Autumn Statement News
22.12 / 12:57
inflation
Bank of England
UK
Interest rates
Monetary Policy Committee
Chancellor of the Exchequer
2024
Jeremy Hunt raises prospect of rate cuts in 2024 - reports
Chancellor of the Exchequer Jeremy Hunt has spurred optimism that the Bank of England could begin interest rate cuts next year, if the government delivers its economic policies.: Simon Dawson / No 10 Downing Street
13.03 / 09:51
UPS
economy
Align
Boeing
reports
Economists flag potential historic divergence between BoE and OBR growth forecasts
On Tuesday (12 March), economists gave evidence in the second of three TSC meetings taking a look at Chancellor Jeremy Hunt's Spring Budget last week, in which they noted the numbers on the UK's growth outlook were not aligned between the two institutions. Accompanying the Budget, the OBR report was upgraded from its previous forecast in the Autumn Statement, and suggested GDP growth would average 0.8% in 2024, up from the previously forecast 0.7%. The economy is then predicted to grow 1.9% in 2025, 2% in 2026, 1.8% in 2027 and 1.7% in 2028. By contrast, the BoE downgraded it latest f...
15.02 / 09:29
economics
UK
Treasury
Chancellor of the Exchequer
tax cuts
Jeremy Hunt weighs tightening public spending to fund tax cuts - reports
On 14 February, the OBR handed Jeremy Hunt (pictured) its forecast for how much fiscal headroom he will have for the upcoming Budget, this is likely to determine his decision regarding public spending plans.
24.01 / 17:19
UK
companies
Chancellor of the Exchequer
equities
AJ Bell
AJ Bell calls on Jeremy Hunt to introduce 'radical' ISA reform
AJ Bell urged the chancellor to slash any plans to create a ‘Great British ISA’, highlighting the restriction of investment choice as a potential issue for investors.
19.01 / 12:49
UK
AJ Bell
tax cuts
Chancellor Hunt signals more tax cuts ahead of election - reports
Chancellor Jeremy Hunt | Copyright HM Treasury
20.12 / 10:55
economics
inflation
UK
CPI
Office for National Statistics
UK inflation falls further than expected in November to 3.9%
The fall defied expectations, as economists had forecast inflation to decrease to 4.4% for the month, from 4.6% in October 2023.
07.12 / 12:45
Morningstar
AJ Bell
Evelyn Partners
Platforms
LTAFs elude retail investors as platforms shun Innovative Finance ISA
AJ Bell, Hargreaves Lansdown, interactive investor and Evelyn Partners’ Bestinvest all told Investment Week they currently have 'no plans' to offer an IFISA.
29.11 / 12:20
UK
Debt
net zero
government debt
freeze
Government debt reduction forecasts include inflation-linked fuel duty rises despite 13-year freeze
A panel of independent economists were quizzed by TSC chair Harriett Baldwin on their views regrading Hunt's latest Autumn Statement: Credit: HM Treasury
28.11 / 19:55
economics
UK
Budget
Treasury Select Committee
OBR
OBR warns fiscal rules 'never require the chancellor to get debt falling'
Debt would have been £85bn in five years’ time if the chancellor had not taken any action at the Autumn Statement, OBR chair Richard Hughes said.
28.11 / 11:59
Prime Minister
UK
renewable energy
Tech
Sunak reveals £29.5bn investment in UK sectors at Global Investment Summit
Prime Minister Rishi Sunak (pictured) said it was 'huge vote of confidence in the future of the UK economy' and that the government was making Britain the 'best place in the world to invest and do business'.
24.11 / 17:14
economics
Bank of England
UK
jp morgan
Treasury
Jeremy Hunt disbands Economic Advisory Council after a year
JPMAM's Karen Ward, who was a founding member of the Economic Advisory Council
23.11 / 15:38
inflation
Bank of England
UK
monetary policy
Autumn Statement 23
Chancellor Hunt reaffirms commitment to BoE's 2% inflation target
Chancellor Jeremy Hunt (pictured). Copyright HM Treasury
23.11 / 15:38
industry
Autumn Statement 23
Harrington Review calls for 'fundamental shift' to close annual £50bn foreign direct investment gap
'We have heard time and again about government systems that are too often disorganised, risk-averse, siloed, and inflexible when it comes to the needs of modern investors.'
23.11 / 10:16
Waters
economy
President
Celebrity
country
information
gatherings
European stocks edge higher ahead of key PMI data, ECB minutes
Investing.com — European stock markets edged higher Thursday, as investors awaited the minutes from the October ECB meeting as well as the latest regional business activity data.
23.11 / 06:24
Digital
Gap
UK
exclusive
innovations
testing
UK Finance Minister Proposes Sandbox Initiative for Digital Assets Legislation
The UK government has announced a new legislative proposal for a Digital Securities Sandbox (DSS), aiming to create a supportive testing environment for crypto technologies and services.
22.11 / 19:31
regulation
UK
Treasury
financial conduct authority
FCA
Autumn Statement 23
Powers proposed for FCA to implement UK retail disclosure framework
The initial draft was published earlier in July, but this updated covers the 'near final version' of the rules, although the Treasury will continue to seek 'technical comments' until 10 January 2024. | Credit: iStock
22.11 / 19:31
UK
Budget
Pensions
NatWest
Inheritance tax
Ten key takeaways from the 2023 Autumn Statement
Investment Week summarises ten of the key points from Chancellor Jeremy Hunt’s Autumn Statement, released earlier today (22 November). Credit: HM Treasury
22.11 / 19:31
Bank of England
UK
Recession
Cost of Living
tax cuts
DICE
Autumn Statement 23: 'Last roll of the dice' for government pre-election
'Today’s Autumn Statement demonstrates the pressure the government is under with an election imminent over the coming year.' Picture by Simon Dawson / No 10 Downing Street
22.11 / 16:29
regulation
Financial Services
Wealth managers
financial conduct authority
FCA
Asset Managers
Draft regulations offer FCA powers to restrict short selling in 'exceptional circumstances'
The regulator must post a notice explaining why the measure has been taken, a duration of impact and regularly review the prohibition or restriction.
22.11 / 16:29
UK
FTSE 100
Autumn Statement 23
Autumn Statement 23: Markets reflect 'mild disappointment' at Autumn Statement
The value of the pound declined slightly against the dollar following Chancellor Jeremy Hunt’s speech, from $1.254 to $1.246.
22.11 / 16:29
Treasury
AIC
Wealth Club
VCTs/EIS
EIS
Autumn Statement 23: VCT and EIS sunset clauses extended by a decade
The government said it will extend them by a decade to 6 April 2023, after the Treasury confirmed last month the clauses would be expanded to April 2025.
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