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Civil service will be ordered to slash £2.2bn from ‘back room’ budgets with jobs to go as Rachel Reeves desperately tries to avoid more tax rises in looming Spring Statement

By JAMES TAPSFIELD, POLITICAL EDITOR FOR MAILONLINE Published: 03:31 EDT, 23 March 2025 | Updated: 03:31 EDT, 23 March 2025 The civil service will be told to slash more than £2billion a year from budgets by the end of the decade as Rachel Reeves desperately tries to balance the books. Administrative costs must fall 15

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Business

Consumption Bazooka: RBI Rate Cut Is The Cherry On Top Of Budget’s Tax Relaxation

Last Updated:February 16, 2025, 09:00 IST One key takeaway from Union 2025 presented by FM Nirmala Sitharaman and the rate cut by the RBI is a congruence of focus on boosting household consumption across rural and urban India as a means of boosting economic growth. Boosting the consumption was the need of the hour, which

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Business

Budget 2025: 10 Amazing Facts To Know About Union Budgets

Last Updated:January 30, 2025, 18:51 IST India Budget 2025 Insights: James Wilson, a Scottish economist, delivered India’s first budget on April 7, 1860. Union Budget 2025: Historical Facts About Union Budgets. Union Budget 2025 Facts: This year on February 1, Finance Minister Nirmala Sitharaman is scheduled to announce the Union Budget. Hopes are high for

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Business

From ‘Black Budget’ To ‘Dream Budget’, Revisiting The Iconic Budgets Of India

Last Updated:January 21, 2025, 08:40 IST The Union Budget for fiscal 2025-26 will be tabled in the Parliament on February 1, 2025. Finance Minister Nirmala Sitharaman will present her 8th Budget this year. Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2025 for the upcoming fiscal year 2025-26. The budget is

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Business

How to keep warm in cold weather when budgets are squeezed

Getty Images Sub-zero temperatures are hitting the UK just as gas and electricity prices have risen for millions of households. Energy bills are about 50% higher than pre-Covid levels, leaving many struggling to cover the cost alongside other financial demands. So what can you do to stay warm while keeping costs down? Prioritise staying safe

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Sports

How much do NIL roster budgets really matter for College Football Playoff teams?

College football does have a salary cap. Every team’s budget is capped by how much its third-party NIL collective can raise and use to build its roster. In the first 12-team College Football Playoff field, those roster budgets are believed to vary widely among participants. This year, teams in contention had budgets at $3 million

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Business

Stark difference in UK and Ireland’s budgets

PA and Reuters Ireland’s finance minister Jack Chambers and the UK Chancellor of the Exchequer Rachel Reeves As Ireland’s finance minister delivered his budget on Tuesday afternoon Dublin was bathed in golden autumn sunlight. The minister, Jack Chambers, said his budget provided the “ways and means for continuing to deliver many more, bright and hopeful

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Business

Is the Budget’s bite going to be rather less painful than its bark?

The chancellor’s speech at the Labour Party conference was an important and clear change in tone from the government on the economy. Just three weeks’ ago the PM warned of a “painful Budget”. But in Liverpool, Rachel Reeves said: “My optimism for Britain burns brighter than ever, my ambition knows no limit.” The fragile British

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