There were few new announcements in this Spring Statement, the most significant announcements have been in changes to benefits and welfare. Below sets out the government current fiscal plans and their impact following the spring statement discussed by Alice Pugh. Benefits and Welfare There have been significant changes to Personal Independence Payments (PIPs) and Universal … Continue reading “What is the anticipated impact of the Spring Statement 2025?”
Tag: Budget
The Spring Statement: The Impact
Alice Pugh looks at what impacts cuts to National Insurance Contributions, raising the high-income child benefit charge, and public spending will have on households in the UK. Cuts to National insurance Contributions (NICs) The NIC main rate has been cut by 2p in the pound (from 10% to 8%) for an expected 27.6m employees and … Continue reading “The Spring Statement: The Impact”
Spring Statement 2024: Key Announcements
The Spring Budget sets out government spending for the next 5 years, this budget has been anticipated as being a particularly important budget, as it is likely the last budget before the 2024 general election. Alice Pugh looks at the key announcements from this budget. Office for Budget Responsibility On the day of the … Continue reading “Spring Statement 2024: Key Announcements”
West Midlands Economic Impact Monitor – 25 November 2022
This fortnight we saw another budget announcement, which has highlighted the global and national economic situation post pandemic and makes it difficult to read, we have a full summary of activities and an assessment of some of the implications for the region. PMI is reflecting the low current business confidence, as energy prices rise, and … Continue reading “West Midlands Economic Impact Monitor – 25 November 2022”
REDI to Debate – The Effect of COVID-19 on Levelling-Up and the Government’s Green Book
Welcome to REDI to Debate in the first edition of REDI-Updates. REDI-Updates is a bi-annual publication which will get behind the data and translate it into understandable terms. WM REDI staff and guest contributors will discuss various topics, with this first publication focusing on how inclusive growth can be a tool to tackle regional imbalances … Continue reading “REDI to Debate – The Effect of COVID-19 on Levelling-Up and the Government’s Green Book”