Breaking Economic News
23 Mar
UK govt cuts fuel duty by 5p a litre
The UK government will cut fuel duty by 5p per litre, at a cost of £5bn, with the reduction to take effect from 6pm on Wednesday, Finance Minister Rishi Sunak has announced.
23 Mar
Sunak to cut income tax basic rate by 1p in 2024
UK Finance Minister Rishi Sunak said the basic rate of income tax would be cut by 1p in the pound in 2024 to 19p.
23 Mar
UK govt lowers 2022 & 2023 growth forecasts
UK economic growth this year and in 2023 will be slower than forecast at last autumn’s budget, as rising inflation and the Ukraine war take their toll, said Finance Minister Rishi Sunak.