Worldwide

Budget to be held on 22 November, Chancellor Hammond says

Budget to be held on 22 November, Chancellor Hammond says”

In November 2016, Hammond said he would instead lay out his plans in the autumn and make a Spring Statement.

Hammond also said changing to an Autumn Budget would bring the United Kingdom in line with other major global economies.

It will be the first budget of its kind, after Mr Hammond used his inaugural Autumn Statement a year ago to scrap both the traditional speech and the spring Budget.

It will be the first Budget since the Conservatives lost their majority in the House of Commons in the snap election in June.

The price pressures could also presage rate rises from the Bank of England, which would doubtless increase financial pessimism amongst United Kingdom households.

Also on Tuesday, the government moved on public sector pay, announcing pay rises for police and prison officers which go beyond the current cap.

It ended a controversial element of the austerity programme enacted by George Osborne following the financial crisis. The OBR is required by law to produce two forecasts a year.



Like this

loading...
loading...

Latest


12 April 2018
New Jersey Looking Towards Sports Betting
New Jersey has demonstrated recently that financial returns from legalising gambling, in particular online gambling can be huge . As of April 2018 New Jersey have spent a massive $7.2M dollars in the fight to legalise sports betting within the state borders.

13 September 2017
Cardi B. Makes Money Moves With "Bodak Yellow" Breakthrough
In a new interview, Cardi revealed her long-awaited studio debut arrives next month . I'm a little nervous to put the project out but I think it's gonna do pretty good.

13 September 2017
CL King Initiates Coverage on Helen of Troy Limited (HELE)
Currently, the stock carries a price to earnings ratio of 20.06, a price to book ratio of 2.44, and a price to sales ratio of 1.6. On average, equities research analysts expect that Helen of Troy Limited will post $6.70 earnings per share for the current year.

13 September 2017
Momentum Watch: iShares Russell 2000 Value ETF (IWN) Spotted Above Chikou
iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations.

13 September 2017
What the Chart Means for Schlumberger Limited (SLB)
It turned negative, as 65 investors sold SLB shares while 567 reduced holdings. 42 funds opened positions while 95 raised stakes. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production.

12 September 2017
Unions threaten strike action over pay cap
The unions are pressing for a 5% increase for millions of nurses, teachers, council staff, civil servants and other workers. However, major unions passed a motion at the conference calling for joint action against the 1% public sector pay cap.

12 September 2017
Louis CK courting controversy with new movie
Louis C.K.is a credited producer, but you have said he's not involved in the show. He also seems to know he's courting controversy with " I Love You, Daddy ".

12 September 2017
Builders FirstSource, Inc. (BLDR) hit his 1-Year Low price on 11/04/16
Cwh Capital Management, Inc. bolstered its stake by buying 9,330 shares an increase of 2.3% from 03/31/2017 to 06/30/2017. Announces Secondary Offering" with publication date: "September 06, 2017 was also an interesting one.

12 September 2017
Ashton Kutcher and Mila Kunis' Son Dimitri Rocks an Adorable 'That '70s Show' T-Shirt!
But it wasn't until 16 years after the season premiere that they finally formed a real-life romantic bond. The pair played onscreen love interests (and fan favorites) Jackie Burkhart and Michael Kelso.

12 September 2017
Which Way Are Insiders Leaning With Cadence Design Systems, Inc. (NASDAQ:CDNS)?
The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.01. COPYRIGHT VIOLATION WARNING: "Stephens Investment Management Group LLC Buys 3,685 Shares of Cadence Design Systems, Inc".