Policy paper: Budget 2026: Overview of tax legislation and rates (OOTLAR)
Get emails about this page Documents Budget 2026 — Overview of tax legislation and rates (OOTLAR) HTML Annex A: rates and allowances HTML Annex B: impact assessments in tax information and impact notes HTML Details This…
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Bank of England hikes interest rates to four per cent as inflation set to spike
The Bank of England has raised interest rates to four per cent as all policymakers agreed to tighten monetary policy in a bid to stop inflation from spiralling in the next year. The Bank’s Monetary Policy Committee hiked…
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Faisal Islam: How high will interest rates go?
The question is how many? There is a split on the rate-setting committee here. Three of the nine voting members referred to "rises" plural. One member voted for a bigger increase, to 4.25%. Three referred to just one…
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Microsoft swerves multibillion-dollar Nscale data centre expansion
The US tech giant decided not to take up an option to more than double the computing capacity it rents from the Nvidia-backed company at a site in Texas. However, the decision was made several months ago, a source…
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Interest rate rise in midst of cost of living crisis will leave many incredulous
Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking around their neighbourhood for signs of a booming economy. The official figures show the…
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A&O Shearman lawyers set to sacrifice billable hours to build AI tools
The magic circle firm said on Thursday it has committed $1.1bn (£816m) over five years to reflect “a firm-wide step change, enabled by AI, in how legal work is designed and delivered to clients and in how the firm trains…
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Three ways the interest rate rise could affect you
Here are three ways the increase to 4% from 3.75% could affect you. 1. Jobs and pay Rate-setters at the Bank make changes to interest rates to fulfil their role of keeping price rises at a steady level. Higher rates are…
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Infantino facing surprise Fifa election challenge from Japanese FA chief
Tashima, honorary president of the Japan Football Association and a member of the Fifa Council for more than a decade, is the first rival candidate to have the backing of his FA. Fifa election hopefuls require…
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Why the Bank of England’s united interest rate hike signals more to come
Comments from members of the Bank of England’s rate-setting committee suggest more interest rate hikes are on the way, writes Mauricio Alencar. ‘Stands to ready to act’ was the Bank of England’s mantra for most of this…
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The City is starved of cool spots. This restaurant changes that
Just what you want if you’ve just spent all day in yours. Dinner’s served with an evening dose of industrial-chic and polished concrete flooring! Warming the space is a busy, open, central kitchen, from which steam…
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