55 h. ago Reeves will be forced to raise taxes this autumn, economists predict

UK chancellor warned ‘something important may have to give’ to fill expected fiscal hole

Economics

58 h. ago Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – UK politics live

Institute for Fiscal Studies says figures for projected departmental efficiencies savings from Treasury are not credibleReeves gambles on ‘renewing Britain’ to win voters’ trustRachel Reeves is now on ITV’s Good Morning Britain. Susannah Reid and Richard Madeley are interviewing her.Q: You must be disappointed about the growth figures? Continue reading...

Politics

59 h. ago Voices: Yes, ‘Renewal’ Reeves needs to raise taxes – but how will she pull it off?

The chancellor’s fiscal headroom is already compromised by her commitment to tackle child poverty, writes Sean O’Grady. So she needs luck – and to be more boring than ever – to raise the revenue she desperately needs

Politics

3 d. ago Rachel Reeves says she ‘chooses investment’ as she prepares to unveil Labour’s spending review – UK politics live

Chancellor will reveal how the government plans to spend almost £1.4tn in 2026-27, rising to almost £1.5tr in 2028-29In Wales politcians from almost all parties have been complaining for years about the UK governments decision to categorise HS2 as a project for England and Wales, even though the line does not go through Wales at all. Treating it as a project that nevertheless benefit Wales means Wales does not get equivalent money for its own infrastructure, under the Barnett formula.According to a report by ITV Cymru, Wales will get £445m for rail in the spending review. ITV quotes a Welsh Labour source as saying:This investment is more than Wales would have had so far had HS2 been Barnettised. It will make a massive difference economically and politically.We need to go much further and faster to get one step ahead of the tactics used by small boat gangs.That is why we will boost investment to secure our borders, with up to £280m per year in the Border Security Command by 2028/29. ...

Politics

3 d. ago Rachel Reeves rocked by jobs slump: Shock figures show quarter of a MILLION jobs have gone since tax

In a blow that makes a mockery of the Chancellor's claim to have 'fixed the foundations' of the economy, official figures showed a quarter of a million jobs have gone since her Budget last year.

Economics

5 d. ago Brits back cuts to foreign aid, benefits and Net Zero to fund the NHS and police

YouGov research has given an insight into the public's priorities as Rachel Reeves prepares to unveil departmental budgets for the next three years.

Events

5 d. ago Spending review boost for 'broken' police service after last

Chancellor Rachel Reeves is prepared to announce real-terms increases to the budget for police forces

Events

6 d. ago As Rachel Reeves prepares to splurge billions on NHS and tech... will she stick to her promise NOT to raise taxes?

Rachel Reeves was last night urged to keep her promise not to hike taxes again amid fears more raids are on the way.

Economics

7 d. ago UK special investigations team doubles tax haul in crackdown on the rich

HMRC department raised £1.5bn in 2023-24 tax year

Economics

9 d. ago Tony Blair think tank urges Rachel Reeves to invest billions and not just ‘balance the books’ in spending review

Britain facing cuts after chancellor doubled down on her manifesto pledge not to raise taxes to fund Labour’s spending plans

Economics

1 week ago Reeves doubles down on pledge not to raise taxes as Britain faces cuts

The chancellor has insisted she can stick to manifesto spending pledges as experts question her grasp of the nation’s finances

Politics

1 week ago Voices: ‘Raising taxes is political suicide’: Readers tackle uncomfortable truth behind UK’s growth slump

Our community is sharply divided over how Rachel Reeves should fix the country’s finances. While some urged spending cuts over tax rises, others insisted ‘we really can’t afford to support the lifestyles of the mega wealthy’

Politics

1 week ago Voices: Are Rachel Reeves and Keir Starmer in denial about the ‘T’ word?

In a key speech in Rochdale, the chancellor stuck to Labour's manifesto pledge not to raise income tax, national insurance for employees and VAT, saying she had ‘absolutely no intention’ of repeating the £40bn tax hike in her first Budget. Her words may well come back to haunt her, warns Andrew Grice

Politics

1 week ago Reeves vows to reinstate some winter fuel payments this year

Chancellor also rules out raising income tax, VAT or employee national insurance

Politics

1 week ago Raise council tax, says OECD, as it gives Rachel Reeves a headache with cut to UK growth forecast

The OECD called for the Chancellor to target tax loopholes and even highlighted council tax re-evaluation as a potential way to raise revenue.

Politics

1 week ago Reeves urged to raise taxes and cut public spending as UK growth to stall after Trump tariffs

Labour chancellor under pressure from the OECD ahead of upcoming spending review

Economics

2 w. ago Sums behind Nigel Farage's vow to spend £85billion if he wins the next election 'are implausible', experts say

Nigel Farage unveiled a string of policies in a major speech, including scrapping the two-child benefit cap, reinstating winter fuel payments and raising the tax-free income allowance to £20,000.

Economics

2 w. ago Wealth tax on richest 350 could raise £15billion and reverse Tory

The Share the Wealth campaign group found a 2% tax on assets over £10million of the richest 350 families and individuals in the UK could bring in £15billion for the Treasury

Economics

2 w. ago Chancellor Rachel Reeves' prestige in tatters as she prepares to ditch her strict 'fiscal rules' designed to safeguard Labour's economic credibility

In an attempt to avoid a Liz Truss-style market meltdown, the Chancellor promised at the outset of the Labour Government that public finances would be in balance or surplus by 2030.

Economics

3 w. ago UK politics live: Rayner ‘urged Reeves’ to raise taxes on wealthy pensioners in secret memo

The chancellor has been adamant she will not turn to tax rises to fund the government’s policies

Economics