1 hour ago Pound tumbles as markets take fright over Rachel Reeves' Budget woes with UK productivity downgrade

Sterling dropped to a two-and-a-half-year low against the euro before regaining some ground

Economics

5 h. ago Rachel Reeves insists Britain can 'defy' grim economic forecasts

The Chancellor is currently scrambling to plug a multi-billion pound hole in her spending plans ahead of her fiscal package on 26 November.

Economics

12 h. ago Businesses cannot bear the brunt of more tax hikes, CBI warns as Reeves faces a £50BILLION black hole

The Confederation of British Industry (CBI) said uncertainty about the forthcoming Budget was weighing on sentiment, leaving firms to delay decisions until they receive further clarity

Economics

13 h. ago £50BILLION black hole misery for Reeves: Productivity downgrade blow to Chancellor

The Chancellor is now increasingly likely to have to break Labour 's manifesto pledge not to put up income tax, National Insurance or VAT, said experts.

Economics

20 h. ago Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

21 h. ago Income tax rise only way to plug new £20bn budget black hole, economists warn Reeves

Economists say trying to balance budget by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

28 h. ago Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

Economics

28 h. ago Productivity bombshell leaves Brits facing BIGGER tax rises next month and 'blows a £20bn hole in Reeves' Budget'

The Office for Budget Responsibility (OBR) watchdog is reportedly poised to cut its trend productivity forecast by about 0.3 percentage points in its upcoming projections.

Economics

43 h. ago Reeves faces £20bn hit to UK public finances from productivity downgrade

Bigger than expected reduction in OBR forecast deals blow to chancellor ahead of Budget

Economics

7 d. ago Brexit has made UK economy and productivity ‘weaker’ than thought, says Reeves

The expected downgrade of the OBR’s previous assumptions is likely to make filling a black hole in her Budget even harder.

Politics

1 week ago Rachel Reeves admits she is planning tax hikes and spending cuts in Budget

The Chancellor will have to fill a black hole estimated at around £50billion

Economics

2 w. ago Rachel Reeves drops biggest hint yet on tax rises and spending cuts in Budget

Chancellor Rachel Reeves said 'of course, we're looking at tax and spending' as she scrambles to plug a black hole in the public finances estimated to be at around £50billion

Economics

3 w. ago Reeves braced for hole in UK public finances after productivity downgrade

New OBR forecasts set to spark fierce dispute between Labour and Conservatives

Politics