Higher prices, lower wages and mortgage rates up: The impact of Labour's shocking Budget

Show Business and Finance Publications

Thu, December 5, 2024

[ Thu, Dec 05th 2024 ]: Bill Williamson

FTSE 100 LIVE: London stocks muted as Vodafone merger gets green light and bitcoin hits $100k

[ Thu, Dec 05th 2024 ]: Bill Williamson

Marriage and expenses: Curious about impact on ex .. to work after tying the knot. How should I plan?

[ Thu, Dec 05th 2024 ]: Bill Williamson

Finance Adviser launches SICIP

[ Thu, Dec 05th 2024 ]: Bill Williamson

US Services Activity Expands at Slowest Pace in Three Months

[ Thu, Dec 05th 2024 ]: Bill Williamson

Shell and Equinor tie-up to create new UK oil and gas producer

[ Thu, Dec 05th 2024 ]: Bill Williamson

Bitcoin storms above $100K, sees value more than double in 2024

[ Thu, Dec 05th 2024 ]: Bill Williamson

Rukam Capital's Archana Jahagirdar On Backing India's Next Wave Of Consumer Startups

[ Thu, Dec 05th 2024 ]: Bill Williamson

Unlocking the economic potential of internally di .. laced persons in Africa; private sector solutions

[ Thu, Dec 05th 2024 ]: Bill Williamson

The Cellar in Anstruther reopens with a Spanish twist

[ Thu, Dec 05th 2024 ]: Bill Williamson

Building a climate-resilient energy sector in Nigeria: Challenges and recommendations

[ Thu, Dec 05th 2024 ]: Bill Williamson

Optimism among SMEs at highest level in over a year - Linked Finance

[ Thu, Dec 05th 2024 ]: Bill Williamson

Intel's CEO shake-up puts foundry plans, CHIPS Act cash at risk

[ Thu, Dec 05th 2024 ]: Bill Williamson

Brookfield-backed debt collection giant Panthera finds new owner

[ Thu, Dec 05th 2024 ]: Bill Williamson

Zingers and a pile of votes

[ Thu, Dec 05th 2024 ]: Bill Williamson

ADIB announces the 7th Edition of EFICA: Pioneering Innovation in Ethical and Islamic Finance

[ Thu, Dec 05th 2024 ]: Bill Williamson

Sir Peter Mason, civil engineering supremo who led Balfour Beatty and Amec among other companies

[ Thu, Dec 05th 2024 ]: Bill Williamson

How the world's biggest offshore wind company was blown off course

[ Thu, Dec 05th 2024 ]: Bill Williamson

Digitisation becomes Africa's great equaliser in financial services

[ Thu, Dec 05th 2024 ]: Bill Williamson

Online Applications for Admissions-2025 Closing S .. Flagship MBA, Executive MBA, and MMS-BF Programs

[ Thu, Dec 05th 2024 ]: Bill Williamson

Saudi COP16 Presidency Calls on Private Sector to .. Funding Amid Land Restoration Finance 'blackhole'

[ Thu, Dec 05th 2024 ]: MSN

Cancer Daily Horoscope Today (June 21 - July 22) December 5, 2024: Attractive proposals will come!

[ Thu, Dec 05th 2024 ]: AOL

Intel's CEO shakeup puts foundry plans, CHIPS Act cash at risk

[ Thu, Dec 05th 2024 ]: MSN

Taurus Daily Horoscope Today (April 20- May 20), December 5, 2024: Closed ones will be happy!

[ Thu, Dec 05th 2024 ]: The Star

Finance Committee members decline to lower Railway Levy

[ Thu, Dec 05th 2024 ]: moneycontrol.com

TruCap Finance Consolidated September 2024 Net Sales at Rs 57.65 crore, up 35% Y-o-Y

[ Thu, Dec 05th 2024 ]: Hoteliermiddleeast.com

Taj Dubai has two new hires in the finance and sales and marketing departments

[ Thu, Dec 05th 2024 ]: Zawya

SME finance in the Middle East: the shift towards digital solutions

[ Thu, Dec 05th 2024 ]: Bill Williamson

National Bank of Canada reports rise in profits as it looks to closing CWB deal

Wed, December 4, 2024

[ Wed, Dec 04th 2024 ]: Bill Williamson

Meet the Supercharged Growth Stock That Could Make You a Millionaire

[ Wed, Dec 04th 2024 ]: Bill Williamson

ROYAL BANK OF CANADA REPORTS FOURTH QUARTER AND 2024 RESULTS

[ Wed, Dec 04th 2024 ]: Bill Williamson

Central Bank of Kenya Announces New Monetary Policy Committee Members

[ Wed, Dec 04th 2024 ]: Bill Williamson

Donaldson Company, Inc. (NYSE:DCI) Q1 2025 Earnings Call Transcript

[ Wed, Dec 04th 2024 ]: Bill Williamson

Compliant power cooperatives to be granted exemption from local taxes

[ Wed, Dec 04th 2024 ]: Bill Williamson

3 Ways Boeing Can Have a Great 2025

[ Wed, Dec 04th 2024 ]: Bill Williamson

Why Shares of Johnson Controls Surged Again in November

[ Wed, Dec 04th 2024 ]: Bill Williamson

Food inflation in policy formulation a complex issue, says EAC-PM member Shah

[ Wed, Dec 04th 2024 ]: Bill Williamson

Fake CEOs swindle Rs 7 crore from Delhi firms: Modus operandi explained

[ Wed, Dec 04th 2024 ]: Bill Williamson

Thai business group sees GDP growth at 2.8% this year, risks ahead

[ Wed, Dec 04th 2024 ]: Bill Williamson

Curious deals of billionaire Richard White and his wife Zena Nasser

[ Wed, Dec 04th 2024 ]: Bill Williamson

Lloyds Boss Warns Car Finance Saga Making UK Banks Less Investable

[ Wed, Dec 04th 2024 ]: Bill Williamson

For developing economies, the finance landscape has become a wasteland

[ Wed, Dec 04th 2024 ]: Bill Williamson

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

[ Wed, Dec 04th 2024 ]: Bill Williamson

Oman: National Finance backs Sheida's solar panel project

[ Wed, Dec 04th 2024 ]: Bill Williamson

AI-driven, deepfake-enabled cyberattacks to increase in 2025: Report

[ Wed, Dec 04th 2024 ]: Bill Williamson

Fortune Best Cities in Europe For Business 2024

[ Wed, Dec 04th 2024 ]: Bill Williamson

First Internet Bank Money Market Account Review 2024

[ Wed, Dec 04th 2024 ]: Bill Williamson

Bookkeeping Tips For 2025

[ Wed, Dec 04th 2024 ]: Bill Williamson

UK and Qatar pledge to grow investment ties

Higher prices, lower wages and mortgage rates up: The impact of Labour's shocking Budget

//business-finance.news-articles.net/content/202 .. s-up-the-impact-of-labour-s-shocking-budget.html

Published in Business and Finance on Wednesday, December 4th 2024 at 21:01 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Chancellor Rachel Reeves' ambitious spending and borrowing plans outlined in the autumn Budget are expected to slow the decline in UK interest rates and push inflation higher than previously forecast over the next two years,

Orbitz

The article from Express.co.uk discusses the potential impacts of Labour's proposed budget on mortgage rates and the cost of living in the UK. Labour has promised to invest heavily in public services and infrastructure, which could lead to increased government borrowing. This might put upward pressure on interest rates, potentially increasing mortgage costs for homeowners. Critics argue that this could exacerbate the cost-of-living crisis, as higher interest rates would mean higher monthly repayments for those with variable rate mortgages. Additionally, Labour's plans to raise taxes on certain sectors and possibly on high earners could indirectly affect consumer spending power. However, supporters of Labour's policies believe that the investment in public services and infrastructure could stimulate economic growth, potentially offsetting some of these costs in the long term by improving productivity and reducing public sector inefficiencies.

Read the Full Daily Express Article at:
[ https://www.express.co.uk/finance/personalfinance/1984401/labour-budget-impact-mortgage-cost-of-living ]

Similar Business and Finance Publications

[ Fri, Nov 29th 2024 ]: Bill Williamson

Reeves swings her wrecking ball as more jobs go, mortgages rise and inflation returns