Chancellor Rachel Reeves has delivered her second Budget, outlining plans for taxes, public services, infrastructure, business support, and social measures, alongside updated forecasts from the Office for Budget Responsibility (OBR). Some details were previously announced, while others emerged after the OBR accidentally published its official forecast early. This blog aims to summarise what was said … Continue reading “UK Budget 2025: Key Measures and Economic Outlook”
Tag: Council Tax
Tax Rises Less Regressive Than Spending Cuts – How Does the Council Financial Crisis Impact Households?
There is increasing concern about the financial viability of some local authorities with estimates by the LGA suggesting that councils in England are facing a funding gap of £4 billion. In 2023 Birmingham City Council (BCC) was served a section 114 notice. This means that effectively the council ran out of money. In short, BCC … Continue reading “Tax Rises Less Regressive Than Spending Cuts – How Does the Council Financial Crisis Impact Households?”