#budget-impact

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#inflation

Budget 'weighing on growth', warns Bank of England

The UK economy is forecasted to flatline after the Chancellor's Budget, leading to potential stagnation and increased inflation.

250,000 high street firms face 300% tax rise from next April - London Business News | Londonlovesbusiness.com

Business rates for over 250,000 high street premises in England will rise dramatically due to inflationary changes and loss of discounts.

The 'potential impact of the Budget is a serious concern' for the hospitality sector - London Business News | Londonlovesbusiness.com

Year-on-year inflation in the hospitality sector fell to 2.2% in October, marking 16 months of decline.

Budget 'weighing on growth', warns Bank of England

The UK economy is forecasted to flatline after the Chancellor's Budget, leading to potential stagnation and increased inflation.

250,000 high street firms face 300% tax rise from next April - London Business News | Londonlovesbusiness.com

Business rates for over 250,000 high street premises in England will rise dramatically due to inflationary changes and loss of discounts.

The 'potential impact of the Budget is a serious concern' for the hospitality sector - London Business News | Londonlovesbusiness.com

Year-on-year inflation in the hospitality sector fell to 2.2% in October, marking 16 months of decline.
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#national-insurance

Hospitality and retail sectors will be forced to make 'some really tough choices' - London Business News | Londonlovesbusiness.com

The hospitality sector faces tough choices due to a new national insurance tax, risking cuts to jobs and investment.

Major pub chain announces increase in the price of a pint of beer

Marston's has increased drink prices due to tax hikes affecting employers, with the price of a pint rising by about 10p.

GPs, care homes and hospices voice concern over Budget tax rises

The rise in National Insurance contributions will significantly impact GPs and private care providers, raising concerns over financial sustainability.

Cooling labour market adds to Reeves's tax-raising dilemma

Raising employers' national insurance could hamper a cooling labor market, according to Rachel Reeves.

Hospitality and retail sectors will be forced to make 'some really tough choices' - London Business News | Londonlovesbusiness.com

The hospitality sector faces tough choices due to a new national insurance tax, risking cuts to jobs and investment.

Major pub chain announces increase in the price of a pint of beer

Marston's has increased drink prices due to tax hikes affecting employers, with the price of a pint rising by about 10p.

GPs, care homes and hospices voice concern over Budget tax rises

The rise in National Insurance contributions will significantly impact GPs and private care providers, raising concerns over financial sustainability.

Cooling labour market adds to Reeves's tax-raising dilemma

Raising employers' national insurance could hamper a cooling labor market, according to Rachel Reeves.
morenational-insurance
#consumer-confidence

British retailer warns Reeves's budget will deliver a 50m 'punch in the face'

Frasers Group warns that Rachel Reeves's budget will add £50 million to costs, damaging consumer confidence and sales.

Pre-Budget uncertainty hits retail sales in October - London Business News | Londonlovesbusiness.com

Retail sales experienced a decline in October due to pre-Budget uncertainty and weak consumer spending, particularly in clothing.

British retailer warns Reeves's budget will deliver a 50m 'punch in the face'

Frasers Group warns that Rachel Reeves's budget will add £50 million to costs, damaging consumer confidence and sales.

Pre-Budget uncertainty hits retail sales in October - London Business News | Londonlovesbusiness.com

Retail sales experienced a decline in October due to pre-Budget uncertainty and weak consumer spending, particularly in clothing.
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Manufacturers 'facing perfect storm' as PMI falls - London Business News | Londonlovesbusiness.com

UK manufacturing sector faces significant challenges with PMI dropping to 48.0, signaling economic struggles compounded by new tariffs and a bleak outlook for 2025.
#national-insurance-contributions

Asda boss says 100m hit from Labour budget could affect wages and hiring

Asda faces a £100 million burden from government budget measures, impacting wage increases and hiring amid declining sales.

Insolvency expert warns Labour's Budget burdens threaten to push businesses to the brink - London Business News | Londonlovesbusiness.com

New tax increases may lead to more business failures amid ongoing financial pressures.

Asda boss says 100m hit from Labour budget could affect wages and hiring

Asda faces a £100 million burden from government budget measures, impacting wage increases and hiring amid declining sales.

Insolvency expert warns Labour's Budget burdens threaten to push businesses to the brink - London Business News | Londonlovesbusiness.com

New tax increases may lead to more business failures amid ongoing financial pressures.
morenational-insurance-contributions
#tax-policy

What Donald Trump's no-tax pledges on tips, overtime and Social Security could cost

Trump proposes ending taxes on tips and Social Security, aiming for economic growth, but lacks a clear funding strategy.

Trump, Harris duel for voters with budget-busting tax proposals

Trump and Harris are engaged in a tax policy competition to attract key voting blocs amidst economic concerns.

There will be consequences': budget may mean smaller pay rises, says Reeves

The budget will likely result in smaller pay raises for workers due to increased business taxes and national insurance contributions.

What Donald Trump's no-tax pledges on tips, overtime and Social Security could cost

Trump proposes ending taxes on tips and Social Security, aiming for economic growth, but lacks a clear funding strategy.

Trump, Harris duel for voters with budget-busting tax proposals

Trump and Harris are engaged in a tax policy competition to attract key voting blocs amidst economic concerns.

There will be consequences': budget may mean smaller pay rises, says Reeves

The budget will likely result in smaller pay raises for workers due to increased business taxes and national insurance contributions.
moretax-policy

What the Budget means for the UK's venture capital schemes - London Business News | Londonlovesbusiness.com

Venture Capital Trusts are still attractive due to tax reliefs despite unchanged regulations.
Enterprise and Seed Enterprise Investment Schemes are under scrutiny for potential IHT liabilities, even while remaining beneficial for investors.

Farmers "betrayed" by 1m inheritance tax relief cap

Farmers in the UK are angry about new inheritance tax relief limits for farms, impacting future generations' ability to sustain farming.

Record number of UK businesses at risk of collapse ahead of critical autumn budget

UK businesses are experiencing unprecedented financial distress, highlighting economic fragility as the government prepares new budget proposals.
#mta

Congestion pricing pause could cost MTA hundreds of millions of dollars each year, authority says | amNewYork

The MTA could face significant financial challenges due to revenue losses from fare evasion and the impact of the pause on congestion pricing.

$500M of taxpayer dough wasted? Hochul, MTA lack Plan B for NYC congestion pricing infrastructure

The Hochul administration is facing potential loss of half-billion dollars due to canceled congestion pricing scheme.

New York transit chief paints grim picture for MTA without congestion pricing revenue

MTA's budget faces an $800 million hit due to congestion pricing program halt, affecting capital investments and increasing maintenance costs.

Congestion pricing pause could cost MTA hundreds of millions of dollars each year, authority says | amNewYork

The MTA could face significant financial challenges due to revenue losses from fare evasion and the impact of the pause on congestion pricing.

$500M of taxpayer dough wasted? Hochul, MTA lack Plan B for NYC congestion pricing infrastructure

The Hochul administration is facing potential loss of half-billion dollars due to canceled congestion pricing scheme.

New York transit chief paints grim picture for MTA without congestion pricing revenue

MTA's budget faces an $800 million hit due to congestion pricing program halt, affecting capital investments and increasing maintenance costs.
moremta

Jails Are Overcrowded Because Cases Take Too Long to Process, Report Says

Increasingly lengthy court case processing times inflate NYC's jail population, costing millions and violating detainees' rights.

Australia's Massive Military Budget

The 2025 federal budget allocated an extra $50.3 billion to defense over the next decade, totaling $764.6 billion, significantly impacting other budget areas.

Sudden State Funding Freeze Leaves Transit Agencies Hanging - Streetsblog California

Transit agencies in California face uncertainty and reduced budgets due to delayed funding release, impacting operations and federal grant applications.

Community groups Preserve Park Slope and Park Slope Civic Council merge * Brooklyn Paper

Community group Preserve Park Slope merged into Park Slope Civic Council for stronger advocacy.
Park Slope Civic Council focuses on street safety, development concerns, and city budget impacts.

Budget won't shift dial' on Tory poll woes, Tim Farron says as plans announced

Tim Farron believes Jeremy Hunt's Budget won't impact Tory poll ratings.
Farron emphasizes voters prioritize personal concerns like NHS and food prices over polls.

Four in 10 Irish parents skip meals or reduce portions so their children have enough to eat, new study shows

Food insecurity is worsening for families, with parents skipping meals or eating smaller portions to feed children.
More parents are sacrificing their own leisure, hobbies, children's activities, and medical costs to afford food.
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