Professor David Miles, who sits on the OBR's committee, said the £22billion of 'headroom' the Chancellor had left herself at the Budget was still not 'very large'. Events
In a letter to the Chancellor and the House of Commons' Treasury Committee on Monday, Mr Hughes said he was taking 'full responsibility' for the embarrassing error. Politics
OBR sounds alarm on special needs and sickness spending Economics
For now Rachel Reeves appears to have reassured many fractious backbench MPs Economics
Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax. Economics
When she finally delivers her fiscal package at 12.30pm, Rachel Reeves will end months of rumours and briefings about possible new levies. Economics
The Chancellor's preparations for her latest fiscal package have been branded a 'shambles' by economists. Economics
After 14 years of Tory rule, the Guardian’s parliamentary sketch writer thought he had seen it all. Westminster would surely tick along nicely once Keir Starmer’s party took over. How wrong he was ...I feel I should probably start with an apology. A few days after the 2024 general election, I wrote that it felt as if the grownups were back in charge. It wasn’t as if I was carried away by the vision of Keir Starmer or the charisma of Rachel Reeves. More that I felt we had regained a basic level of competence. That politics would become business as usual rather than the breathless psychodrama of the past 10 years. You could go to bed at night relatively confident that the country would be more or less recognisable when you woke up. There would be no more mad people doing mad things as we raced through five or six news cycles in the course of a couple of hours.And part of me was a little concerned. Because what is good for economic stability and social justice isn’t necessarily good fo... Politics
The Tories are proposing an end to the charges for primary residences - amounting to a £4.5billion tax cut paid for by trimming the welfare bill. Economics
