53 m. ago Desperate Rachel Reeves is 'actively discussing' smashing Labour's manifesto by hiking income tax at Budget as she struggles to fill '£40bn' black hole

Increasing income tax is said to be a 'live debate' between the Chancellor and her aides amid fears she cannot bring in enough cash by solely targeting the 'rich'.

Economics

7 h. ago Chancellor Rachel Reeves 'is in active discussions about breaking Labour's manifesto pledge and putting a penny on income tax to fill £30billion budget gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

8 h. ago Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax to help fill an estimated shortfall of between £30bn and £50bn

Politics

10 h. ago Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Economics

11 h. ago Rachel Reeves 'is considering breaking Labour's manifesto pledge with income tax rise to fill £30billion gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

45 h. ago Livingston MP welcomes UK Government's “blitz on business bureaucracy”

At the Birmingham summit, Chancellor Rachel Reeves also announced over £10 billion in new private investment in projects across the UK, creating jobs and prosperity for working people.

Politics

47 h. ago New PIP, DLA and Attendance Allowance weekly payment rates from April

Chancellor Rachel Reeves will confirm the new State Pension and benefit payment rates at the Autumn Budget.

Politics

50 h. ago UK inflation unexpectedly remains at 3.8% for third month in a row

Annual September rate confounds forecasts of a rise, as pace of food price growth slows for first time since MarchBusiness live – latest updatesUK inflation was unchanged last month at 3.8%, confounding expectations of a rise, in welcome news for the chancellor, Rachel Reeves, as she plans for her crucial budget next month.The Office for National Statistics (ONS) said that inflation measured on the consumer prices index remained at the same level in September as in August and July. Continue reading...

Economics

59 h. ago Chancellor Rachel Reeves orders Cabinet meeting to hammer home 'Number One priority'

Chancellor Rachel Reeves has ordered a high-level Cabinet meeting ahead of the Budget, as worrying figures are expected to show inflation has hit a 21-month high

Politics

63 h. ago The Budget's even tougher and more destructive than anyone imagined, reveals ALEX BRUMMER. What I'm going to tell you about spending will REALLY infuriate you... and explains why you feel so poor

Rachel Reeves's claim that she is Britain's 'Iron Chancellor' has been demolished by a torrent of public spending in the first half of this financial year.

Economics

64 h. 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

66 h. ago 'Tax bomb' warning as government borrowing hits highest level in five years

Public sector net borrowing rose to £20.2 billion for the month, £1.6 billion higher than in September 2024. It puts more pressure on Chancellor Rachel Reeves ahead of the Budget

Events

69 h. ago Rachel Reeves axes ‘arbitrary rules’ costing firms £6 billion ahead of Budget

The Chancellor detailed plans to scrap paperwork for businesses as she looks to fill a black hole in the state’s finances.

Economics

2 d. ago FTSE 100 Live 21 October: Borrowing setback for Chancellor, gold price falls

Government borrowing rose in September to the highest level in five years, piling more pressure on Chancellor Rachel Reeves over the nation’s public purse.

Politics

3 d. ago FTSE 100 Live 21 October: Borrowing highest since 2020, index maintains progress

Government borrowing rose in September to the highest level in five years, piling more pressure on Chancellor Rachel Reeves over the nation’s public purse.

Politics

3 d. ago Britain is suddenly pining for closer ties with the EU. It’s more likely to get the cold shoulder | Anand Menon

Labour now wants to use the damage from Brexit to combat the threat of Nigel Farage, but the union has bigger fish to fryA palpable sense of urgency has emerged in the UK’s approach to relations with the European Union. Ministers are beginning to sound enthusiastic, impatient even. The chancellor of the exchequer, Rachel Reeves, has even pointed to Brexit as a major cause of the country’s economic travails. You might think that this bodes well for prospects of improved UK-EU relations. But – and here’s the rub – enthusiasm on one side is not enough to drive substantive progress.In opposition, Labour shadow ministers and spokespeople were understandably reluctant to add flesh to the bones of their intention to “reset” relations with the EU. More detail was provided at the summit in May this year, as the two sides not only signed off a long-term deal on fisheries but declared their intention to negotiate further agreements covering agrifoods, energy and defence.Anand Menon is director...

Politics

3 d. ago Rachel Reeves to lay out plans to scrap paperwork for thousands of UK firms

The Chancellor is set to launch a fresh ‘crackdown on needless form-filling’ at the Regional Investment Summit in Birmingham on Tuesday.

Economics

4 d. ago Changes to Motability Scheme and welfare cuts could be announced at Budget next month

Chancellor Rachel Reeves will make her statement in Parliament on November 26.

Economics

4 d. ago Major pension funds and insurers launch new partnership to help drive growth

The Sterling 20 will be established at the Regional Investment Summit in Birmingham on Tuesday.

Economics

4 d. ago Holidays will cost more if taxes are hiked in Budget, say travel bosses

Rachel Reeves has acknowledged she is looking at potential tax rises and spending cuts in her Budget on November 26.

Economics