Feel free to skip one more pundit’s view of the Budget if you’ve had enough. I’m not claiming to be John Maynard Keynes. This is just how I see things. When asked why he robbed banks, the US heist wiz Willie Sutton said: “Because that’s where the money is.” Those hit by what passes for … Read more
In a rather parochial perspective, I asked my friends to give a reaction to Rachel Reeve’s budget, and got a nice summary back. Here’s the low-down: Autumn Budget Brings Relief for Pensioners but Sparks Debate on Inheritance Tax Changes The UK’s autumn budget is setting the stage for significant changes aimed at helping pensioners maintain … Read more
As the season changes, a new budget has been announced by the government. Despite rumours of a Capital Gains Tax (CGT) increase for second homeowners, on the 30th of October 2024, Chancellor Rachel Reeves declared that the rate for CGT on residential properties will not change. The Capital Gains Tax rates for residential properties will … Read more
The United States on Friday, October 18 reported a budget deficit of $1.8 trillion for the past year, widening from 2023’s level on greater spending, including for interest on the public debt. The overall deficit expanded by $138 billion for the year ending September 30, said the Treasury Department. The nation’s debt remains a key … Read more
What caught my eye this week. Just 26 sleeps to go until the new government’s first Budget on Wednesday 30 October. And I cannot recall there ever being so much pre-match jitters. I could have filled the links below with forecasts, evasive action tips, and threats to emigrate. Hardly what anyone would call a honeymoon … Read more
