3 h. ago Reeves tax rises to hit UK economic growth, warns OECD as Cabinet meets after Budget bust

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Events

3 h. ago Bon Vivant: 'Exceptional' Scottish bar shut down due to growing economic pressure

A long-standing and much-loved Scottish bar and restaurant has closed its doors for good.

Economics

33 h. ago UK Government needs to turn rhetoric on growing economy into a reality

Record View suggests the goal should be to reverse future tax rises, particularly on pension ­contributions, if the economy grows at a faster rate.

Politics

37 h. ago Blow for Reeves as business confidence at near record low after Budget

Labour chancellor under pressure to do more to improve the prospects for economic growth

Economics

37 h. ago Experts' forecasts for your money and the economy over the next couple of years

Latest forecast point to a sharp slowdown in economic growth next year - but with inflation and interest rates also falling

Economics

5 d. ago Smorgasbord of tax rises just shows Labour's muddled thinking with UK Budget

This budget was an opportunity for the Chancellor the Exchequer to reset the narrative, reconnect with business and put the UK and Scotland on a path to accelerated economic growth.

Economics

5 d. ago Reeves should be more ambitious on tax reform to boost economic growth – IFS

The Institute for Fiscal Studies’ director Helen Miller called on the Chancellor to be more ambitious about measures to boost growth.

Economics

5 d. ago UK Budget 2025: Labour's £26 billion tax gamble risks choking off economic growth

If the economy fails to improve, Labour’s troubles and poll ratings will only get worse

Economics

5 d. ago Rachel Reeves’s budget has inflamed, not calmed, Britain’s febrile mood | Martin Kettle

The chancellor’s statement will be remembered for the many taxes it raised, rather than the big one – income tax – it did notRachel Reeves’s chancellorship was already balanced on a knife-edge, even before the 2025 budget. After she delivered her second budget statement, it still is. Even more than usual, Wednesday’s speech was full of significant fiscal changes, altered spending commitments and adjusted economic forecasts, most of them accidentally (and, for journalists, conveniently) released a short while in advance by the obviously misnamed Office for Budget Responsibility. Politically, however, almost nothing has changed at all.Reeves arrived in the Treasury last year offering what she, like Keir Starmer, had promised as the Conservative years ebbed: competence, stability and, above all, a focus on economic growth. Her problem, despite her upbeat assessments, is that she has delivered none of them. Nothing about the 2025 budget guarantees any early change in that, however defia...

Politics

5 d. ago Budget 2025 live: Rachel Reeves raises taxes to record high as economic growth forecast to weaken

Tory leader Kemi Badenoch brands package of measures ‘a smorgasbord of misery’ and urges chancellor to resign

Economics

5 d. ago Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

Economics

5 d. ago 'There's no reason to start a business in Britain': Budget delivers another hammer blow for small firms

The Chancellor said she wanted to grow the economy, but founders say the Budget is unlikely to encourage entrepreneurship.

Economics

6 d. ago Inflation and unemployment forecasts hiked as tax burden to hit record – OBR

It came as the UK’s official forecaster also reported that economic growth will be weaker than expected from 2026.

Economics

6 d. ago Budget 2025 LIVE: Early release fiasco reveals income tax thresholds frozen for another THREE years in £26billion tax raid

Office for Budget Responsibility increases its forecast for economic growth this year from 1% to 1.5% but downgraded its forecasts for the following four years

Economics

6 d. ago Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

Economics

6 d. ago Rachel Reeves wants to achieve these five things with her Budget – it won’t be easy

The chancellor took on her role wanting nothing more than economic growth, but her priorities have now dramatically changed, as political editor David Maddox explains

Politics

6 d. ago Rachel Reeves wants to achieve these five things with her Budget

Rachel Reeves became chancellor wanting nothing more than economic growth, but her priorities have now dramatically changed, as political editor David Maddox explains

Politics

7 d. ago Britain is in a 'growth emergency', Business Secretary admits as economic outlook gets WORSE and dismal reality of Labour's handling of economy laid bare ahead of Budget

As the OBR prepared to lay bare the dismal reality of Labour's handling of the economy, Peter Kyle conceded that the nation was suffering from 'low, slow uneven growth'.

Economics

7 d. ago Investors' growing confidence in Scotland should persuade more Scots to feel the same

Scotland’s economic potential is clear with the growth of marine renewables, among other sectors, creating a sense of real momentum

Economics

7 d. ago Britain is in a 'growth emergency', Business Secretary admits as dismal reality of Labour's handling of economy laid bare

As the OBR prepared to lay bare the dismal reality of Labour's handling of the economy, Peter Kyle conceded that the nation was suffering from 'low, slow uneven growth'.

Economics