Business news
Bank of England steps in to protect the economy
The Bank will purchase Government bonds in an effort to stabilise markets.
Medium-term financial plan scheduled for November
The OBR will set out a full forecast alongside the plan.
Government reveals energy support package
Price cap introduced for businesses from 1 October 2022.
Chancellor announces higher earner tax breaks
Both the additional tax rate and dividends tax rates are being slashed.
Bank of England raises interest rates to 2.25%
The Bank says it won’t hesitate to raise interest further.
Total tax take soars to £310.9bn
Income tax and inheritance tax see the most significant increases.
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