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Bbc News 2025 Budget Predictions
Bbc News 2025 Budget Predictions
Bbc News 2025 Budget Predictions. RTÉ to provide comprehensive coverage of Budget 2025 across its digital platforms, radio, and UK interest rates will fall more slowly than expected over the next two years due to October's Budget, according to an influential think tank's forecasts hospitality and leisure businesses will reduce from 75 per cent to 40 per cent after March 31 for the 2025/26 tax year, up to a cap of £110,000 per business
BBC wants your views on the Budget, via mobile BBC News from www.bbc.com
However, mortgage costs have been rising after the central bank also said that future interest rate cuts may not. These initial out-turns are provisional - in particular, the picture on self-assessment revenues may look less grim once February data (which always contain some stragglers who pay their tax slightly after the end-of-January.
BBC wants your views on the Budget, via mobile BBC News
Source: Office for Budget Responsibility, Economic and Fiscal Outlook, March and October 2024; Office for National Statistics, Public Sector Finances, UK, January 2025 However, an overhaul in business rates is expected in 2026/27, with two permanent lower rates for leisure. Sources said "the world has changed" since Rachel Reeves's Budget last October, when the OBR indicated she had £9.9bn available to spend against her self-imposed borrowing rules.
Predictions for 2025 Top experts from various fields tell us what they expect from the new year. The OBR has to publish two forecasts every year by. These initial out-turns are provisional - in particular, the picture on self-assessment revenues may look less grim once February data (which always contain some stragglers who pay their tax slightly after the end-of-January.
UK expected to be only major economy to shrink in 2023 IMF BBC News. Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.1% this year, 2% next year, and 1.8% in 2026 Inflation predicted to average 2.5% this year, 2.6% next year, before. However, an overhaul in business rates is expected in 2026/27, with two permanent lower rates for leisure.