Chancellor Rachel Reeves is backing an inquiry into pre-Budget leaks from the Treasury which knocked business and consumer confidence and moved markets. The chief secretary to the Treasury told the Commons on Wednesday an inquiry into pre-Budget leaks was under way, led by top Treasury civil servant James Bowler and had "the full support of the chancellor". Policies such as a freezing of income tax thresholds, a pay-per-mile levy on electric vehicles and a tourist tax were all reported in the lead-up to the Budget on 26 November.
The call aligns with expectations: CME FedWatch projected a near-total chance of a reduction in the hours before the meeting. The Fed's economic projections released last month also penciled in two more normal-sized rate cuts for the year. Financial analysts told Business Insider that, after restrictive policy for much of the year, a pattern of interest rate cuts could start making it easier for Americans to finance homes, cars, and credit cards.
It's not just a piece of paper, it's a launchpad for growth. With India set to be the third biggest economy in the world by 2028, and trade with them about to become quicker and cheaper, the opportunities waiting to be seized are unparalleled. That's why I'll be flying the flag for British business alongside 125 of our biggest household names in Mumbai this week - because growth in India for them means more choice, opportunity and jobs at home for the British people.
We want to see initiatives that bring the private sector back into the economy and investing in the economy. We live in a world where capital is becoming increasingly sparse; there's a lot of competition for capital out there,
Rising energy, labour, and supply costs, coupled with higher taxation, continue to erode margins for businesses in the night-time economy.