Treasury bags £10.3bn in CGT receipts as Budget changes bite

Likely due to lots of people triggering gains ahead of Autumn Budget Capital gains tax (CGT) receipts were £10.3bn in January, latest figures have showed. This takes the year-to-date total to £12.1bn, compared to £12.1bn last year  and £14.4bn in 2022/23 – the all-time high. This has been said to likely due to lots of people triggering gains ahead of …

The Bank of England holds rates at 4.75% as Budget adds inflation uncertainty

The MPC said there were ‘additional uncertainties’ caused by the Budget and further global political tensions. The Bank of England (BoE) has held the base rate at 4.75% in a widely expected move, with the Monetary Policy Committee (MPC) voting in a 6-3 majority. The decision to hold rates comes after twelve month CPI inflation increased to 2.6% in November, …