The Financial Conduct Authority has responded to calls from MPs to investigate the handling of information ahead of the Autumn Budget 2023 and whether it amounts to market abuse.
The top 10% of earners are expected to see more than £2,000 extra average in tax as a result of the changes announced in the latest Budget, according to analysis by Hargreaves Lansdown.
The government is reportedly planning to cut the cash ISA annual allowance to just £12,000 in today’s Budget.
Rachel Reeves’ second Budget will be published today after some weeks of leaks and u-turns.
Half of advisers (49%) say clients have been holding off making financial decisions until after tomorrow’s Budget.
Financial advisers say they are seeing significant concerns and changes to financial behaviour from their clients due to speculation around which policies the Chancellor may announce in this month’s Budget.
Chancellor Rachel Reeves took the unusual step this morning of making a speech in Downing Street about November’s Budget, some three weeks before the financial statement is due to be delivered in the House of Commons.
Four in five advised clients (81%) are anxious around potential changes in the upcoming Budget, according to a new report.
Two thirds of financial advisers (64%) expect a rise in Corporation Tax in the Budget on 26 November, according to new research.
The vast majority of IFAs (91%) have seen a spike in demand from clients for advice in the run up to the Budget, according to a poll.
High net worth individuals' confidence in the UK economy and their own wealth has risen despite concerns about the upcoming Budget, according to the biannual Saltus Wealth Index.
Chancellor Rachel Reeves' Autumn Budget will take place on Wednesday 26 November, later than many expected.