UK market rallies amid reports of govt's plans on funding tax cuts
UK Market:,The UK market was trading on the front foot on Monday after the government's U-turn on the tax rate and Chancellor Kwasi Kwarteng's plans to bring forward how the £43 billion tax cuts will be funded. The blue-chip index jumped over 2% at around...
- October 04, 2022 01:32 PM BST
- Abhishek Sharma
Retail spending likely to slump in 'golden quarter': Stocks to eye
UK shoppers are expected to spend £4.4bn less on non-essentials items during the Christmas period.
- October 04, 2022 11:11 AM BST
- Rishika Raina
Government's U-turn on scrapping 45% tax rate: Here's what it means
Chancellor Kwasi Kwarteng has announced the reversal of the decision to scrap the 45% income tax rate for the highest earners. The move comes amid criticism from organisations, economists, and MPs.,After a week of criticism for,slashing the to...
- October 04, 2022 10:58 AM BST
- Abhishek Sharma
UK's manufacturing output falls for 3rd straight month: Stocks to eye
Highlights:,UK's manufacturing output shrank for the third month in a row in September.,The PMI for the month was recorded at 48.4, slightly above August's 47.3 but still below the threshold of 50.,Amid the uncertain economic conditions and rising prices,...
- October 03, 2022 02:50 PM BST
- Abhishek Sharma
FTSE 100 falls post tax plan U-turn
UK Chancellor Kwasi Kwarteng referred to the 45p tax rate as a distraction.
- October 03, 2022 02:13 PM BST
- Rishika Raina