1 hour ago Angela Rayner 'backing local stealth taxes drive': Deputy PM and mayors push for powers to raise huge new revenues from struggling Brits

The Deputy Prime minister is said to be encouraging local elected political leaders to put pressure on Chancellor Rachel Reeves to give them control over taxes collected locally.

Events

2 h. ago Is Labour sowing the seeds for mortgage meltdown? Risky new rules that could give borrowers huge loans

Rachel Reeves is sweeping aside rules put in place to protect homeowners in a move which experts warn could sow the seeds for a future catastrophe.

Events

3 h. ago Inflation jumps to highest level for nearly 18 months as food prices rise again

The Office for National Statistics said Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May.

Economics

4 h. ago Another huge blow for Rachel Reeves as inflation RISES to 3.6% defying predictions from analysts leaving hopes of interest rate cuts in the balance

The headline CPI rate had been expected to stay on hold at 3.4 per cent in the year to June, but instead increased to 3.6 per cent.

Economics

4 h. ago UK inflation rises unexpectedly to 3.6% driven by food and fuel prices

Annual increase in June follows two months of negative growth and with speculation mounting over tax risesBusiness live – latest updatesUK inflation unexpectedly rose in June driven by fuel and food prices, according to official figures, underscoring the challenge facing the chancellor, Rachel Reeves.The Office for National Statistics said the consumer prices index rose by 3.6% last month, up from a reading of 3.4% in May. City economists had forecast an unchanged reading. Continue reading...

Economics

5 h. ago UK inflation rises unexpectedly to 3.6% as Labour faces economic scrutiny

Annual increase in June follows two months of negative growth and with speculation mounting over tax risesBusiness live – latest updatesUK inflation unexpectedly rose in June, according to official figures, adding to the pressure on the chancellor, Rachel Reeves.The Office for National Statistics (ONS) said the consumer prices index rose by 3.6% last month, up from a reading of 3.4% in May. City economists had forecast an unchanged reading. Continue reading...

Economics

10 h. ago What Labour's mortgage meltdown means for YOUR house price: Experts reveal the risk of 'dangerous' new lending policy

Rachel Reeves is sweeping aside rules put in place to protect homeowners in a move which experts warn could sow the seeds for a future catastrophe.

Events

11 h. ago Britain has 'reasons to worry' as debt surges, spending watchdog says... after Rachel Reeves tries to talk up Government's growth mission 

Richard Hughes, chairman of the Office for Budget Responsibility (OBR), told MPs that chancellors had been willing to see the debt pile in Britain 'ratcheted up and up over time'.

Politics

12 h. ago How much tax do Britain’s billionaires pay? HMRC has no idea, damning report finds

The finding comes amid growing calls for a wealth tax among Labour MPs

Economics

12 h. ago Rachel Reeves makes 'anything but Chancellor' gag after quizzed by schoolgirl

The Chancellor attempted to shake off her crying episode in the House of Commons two weeks ago and declared she was proud to be in the job

Politics

15 h. ago ‘Urgent’ need for digital reform of banking payments, says Bank of England boss

Governor Andrew Bailey said he remained sceptical over the need for a digital pound, stressing that innovation in payments should be a priority.

Economics

15 h. ago Rachel Reeves vows to rip up rules acting as 'boot on the neck' of businesses

In her Mansion House speech to City chiefs, the Chancellor said her plans for an overhaul of financial services would have a 'ripple effect' across the whole economy

Politics

15 h. ago Britain cannot grow without ‘fighting fit’ finance sector, Rachel Reeves says

Ms Reeves, delivering her annual Mansion House speech to the financial services sector, said changes were needed for the UK to stay competitive.

Politics

18 h. ago Reeves to say rules and red tape are ‘boot on the neck’ of innovation

At the Mansion House dinner she will call for regulators to allow more risk to clear the way for economic growthRachel Reeves will say that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.In a speech to City bosses attending the Mansion House dinner at London’s Guildhall on Tuesday evening, the chancellor will heap further pressure on regulators to allow for more risk in order to boost economic growth. Continue reading...

Politics

18 h. ago Reeves says rules and red tape are ‘boot on the neck’ of innovation

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growthRachel Reeves has claimed that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.In a speech to City bosses attending the Mansion House dinner at London’s Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. Continue reading...

Politics

18 h. ago Reeves says rules and red tape are ‘boot on the neck’ of business

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growthNils Pratley: tread carefully with reform of bank ringfencing, chancellorRachel Reeves has claimed that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.In a speech to City bosses attending the Mansion House dinner at London’s Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. Continue reading...

Politics

18 h. ago Rachel Reeves vows to take ‘the boot of regulation off the throat of businesses’ in red tape bonfire

After announcing reforms to the mortgage market, the chancellor hopes to spur economic growth with a bonfire of regulations for the City

Events

18 h. ago Savers to be offered deals that could see them more than quadruple their wealth

The move is part of Rachel Reeves’ plan to get more people investing

Economics

19 h. ago Voices: Will Rachel Reeves’ mortgage bombshell do more harm than good?

The chancellor is right to woo the City – she can’t risk alienating them when she needs their support, writes James Moore. But I’m not convinced her plan to win them over will work

Events

21 h. ago Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock marketBusiness live – latest updatesRachel Reeves has unveiled a package of City changes meant to cut “unnecessary” red tape and encourage more financial risk-taking by companies and consumers in the hopes of spurring economic growth.In a financial services strategy dubbed the Leeds Reforms, the chancellor outlined initiatives designed to boost the financial services sector, including plans to cut “unnecessary costs” related to accountability rules for senior bankers, and to launch an advertising campaign to get consumers investing cash savings in stocks. Continue reading...

Politics