Chancellor news and archive

Chancellor sets out "difficult decisions" in first Labour budget in 14 years

In her first Budget as the UK's first female Chancellor, Rachel Reeves has outlined a series of tough measures to restore economic stability, including 40 billion pounds in tax rises and spending cuts. Reeves, who previously warned of "difficult decisions" ahead, has confirmed that the national minimum wage will rise to 12.21 pounds per hour for...

Design

Chancellor Osborne reveals budget to help local manufacturers

Manufacturers of the UK were among the beneficiaries of the Budget 2014 revealed on Wednesday by Chancellor George Osborne, which aims to secure the country's economic recovery. "This is a Budget for building a resilient economy," said the chancellor, adding that manufacturing in the country is growing after being halved under the last...

Design

BRC urges Chancellor to help retail sector

The British Retail Consortium has urged the Chancellor to use the Budget to help the struggling retail sector by introducing measures to cut costs and re-build fragile consumer confidence. The call follows an independent study commissioned by the BRC, which shows that retailers' operating costs have increased by a fifth since 2006 with...