Labour

To address £40bn hole in public finances

Chancellor expected to address limit

Continued speculation around how the Labour govt might raise revenue

Announcement to be part of chancellor’s July Mansion House speech

To be returned to Britain’s ‘lowest-paid’ workers

EY Item Club downgrades UK growth forecast to 0.9% for 2025

Quilter Cheviot advice duo discuss Spring Statement

Changes could come in Autumn Budget

‘A significant shift’ but not unprecedented

Doug Gurr replaces him