FTSE 100 Live: Stocks regain, budget tax cuts expected, gold soars
Proactive Investors –
- Lead index returns to 7,640.
- hits an all-time high.
- Tax cuts rumoured for Spring Budget.
Fuel duty cut to be extended in budget
A 5p cut to fuel duty will likely be extended by Chancellor Jeremy Hunt in Wednesday’s Spring Budget, according to Sky News.
This would continue a “temporary” freeze which was introduced by Rishi Sunak in 2022 and extended last spring until the end of this month.
Such a move would keep fuel costs down for motorists ahead of what will likely be the government’s final budget before the next election, but would cost the Treasury an extra £5 billion, as per reports.
M&S boss slams ‘economically illiterate’ business rates before budget
Marks & Spencer chief executive Stuart Machin has called on Chancellor Jeremy Hunt to unveil steps in Wednesday’s Spring Budget aimed at Britain’s retail sector.
Hunt…
