Chancellor Philip Hammond is facing pressure from senior Conservative MPs to avoid tax hikes in next week’s budget, advising him to stay focused on economic responsibility and attracting investment to the UK.
Concerns are growing that Hammond will look to raise taxes to fund the £20bn pledge by Theresa May for the NHS when he addresses parliament next Monday.
The Institute for Fiscal Studies has estimated that the chancellor will need to find an additional £19bn in taxes in order to end spending austerity as May promised at last month’s party conference, while also balancing the books.
However, despite the Office for Budget Responsibility recently estimating that tax receipts were up by £11bn, Hammond could still need to increase national insurance contributions or abolish the tax-free allowance of £11,700 on capital gains to find the additional cash, according to research published by leading accountancy firm PwC.
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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