Bbc News 2025 Budget Predictions. Predictions for 2025 Top experts from various fields tell us what they expect from the new year However, mortgage costs have been rising after the central bank also said that future interest rate cuts may not. Emma Pengelly BBC News Matt Gill, 52, and his wife, Rebecca, in the Peak District were due to simultaneously exchange and complete on a second home today, but changes introduced in the Budget mean.
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Sources said "the world has changed" since Rachel Reeves's Budget last October, when the OBR indicated she had £9.9bn available to spend against her self-imposed borrowing rules. Chancellor Rachel Reeves will present her Spring Statement on 26 March 2025
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hospitality and leisure businesses will reduce from 75 per cent to 40 per cent after March 31 for the 2025/26 tax year, up to a cap of £110,000 per business Last month, the Bank of England cut rates for the second time this year to 4.75%. Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.1% this year, 2% next year, and 1.8% in 2026 Inflation predicted to average 2.5% this year, 2.6% next year, before.
What was in the minibudget and what is the government's new plan? BBC News. However, an overhaul in business rates is expected in 2026/27, with two permanent lower rates for leisure. Are more tax rises on the way? It has been announced by the Treasury that the Chancellor has commissioned the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast to be presented to Parliament alongside a spring statement on 26 March 2025
Budget vs. forecast vs. plan What’s the difference? [2025]. Sources said "the world has changed" since Rachel Reeves's Budget last October, when the OBR indicated she had £9.9bn available to spend against her self-imposed borrowing rules. These initial out-turns are provisional - in particular, the picture on self-assessment revenues may look less grim once February data (which always contain some stragglers who pay their tax slightly after the end-of-January.