7 h. ago The government cannot afford to limp on without an economic strategy

Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration plans to do to reboot the economy

Politics

13 h. ago Budget situation is ‘desperate’, Reeves warned as experts say she has no choice but to raise big taxes

Labour chancellor told a ‘Scrabble bag’ of smaller increases will not rejuvenate UK’s faltering economy

Events

27 h. ago Chancellor urged not to raise taxes on ‘drained’ businesses in Budget

The British Chambers of Commerce urged a reform of business rates.

Economics

38 h. ago Brighton councillor calls for tourist tax powers for England’s local governments

Councillor Bella Sankey said funds raised from tourist taxes would be reinvested in the local area

Politics

42 h. ago Rachel Reeves 'could raise tens of billions at Budget' without breaking major tax promises

Research by the Institute for Fiscal Studies comes as Parliament returns from the conference recess today with attention turning to next month's make-or-break Budget

Economics

49 h. ago How the IFS says Rachel Reeves can raise tax and fill a £30bn black hole WITHOUT breaking her promises

The Chancellor may have to find up to £30billion in the Budget, but has pledged not to raise income tax, National Insurance or VAT.

Economics

49 h. ago Reeves must fix the tax system to raise tens of billions of pounds, says think

Institute for Fiscal Studies says reform of taxation is necessary to avoid damage to economy

Economics

54 h. ago Reeves looks at bigger tax rises and spending cuts to build up UK fiscal buffer

Bond investors have urged chancellor to increase headroom to avoid breaking borrowing rule

Economics

57 h. ago We’ve reached our limits on raising income tax in Scotland, says SNP finance minister Shona Robison

The Scottish Government has reached its limits on income tax, the Finance Secretary has said.

Politics

3 d. ago Rachel Reeves looks for extra headroom in budget to insulate UK economy against bond market

Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rulesRachel Reeves v the OBR: chancellor aims to loosen the watchdog’s gripRachel Reeves is aiming to create more “headroom” against her fiscal rules in November’s tax-raising budget, to cushion the UK against volatile government bond markets.The chancellor met her first rule – to balance taxes and day-to-day spending – with £10bn to spare in last autumn’s budget, and again at her March spring statement. Continue reading...

Economics

5 d. ago Raising income tax is ‘least damaging’ option for Reeves, says think tank

An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).

Events

5 d. ago Popular Japan destination raises tourist tax by 900% to reduce overtourism

Japan has approved its highest-ever hotel tax which could see guests charged up to £49 per person per night.

Politics

6 d. ago Lenny Henry's 'robin hood tax' to raise £18trillion for slavery reparation bill

Sir Lenny Henry has claimed all black Britons should be paid slavery reparations and suggested a 'Robin Hood tax' on financial transactions could fund payments.

Economics

7 d. ago New plan for 'pension tax lock' as people rush to withdraw lump sum amid Rachel Reeves change fear

A new campaign is urging the Chancellor to introduce a Pension Tax Lock to help protect retirement savings and incentives

Economics

8 d. ago Andy Burnham drops 'wealth tax' bombshell with another huge demand

The Manchester Mayor Andy Burnham warned local government’s finances were on questionable 'foundations', and also urged the Chancellor Rachel Reeves to consider a wealth tax

Events

8 d. ago Reeves's Budget 'to loosen planning rules and mount £2bn tax raid on banks as well as raising VAT' in desperate attempt to balance the books

The Chancellor is scrambling to fill an estimated £30billion black hole in the public finances before she presents her next tax and spend package on 26 November.

Economics

1 week ago London tax bombshell: 170,000 would be hit by stealth income threshold freeze extension

Rachel Reeves admitted during the Labour Party Conference that she no longer stands by her pledge last year not to raise taxes

Events

2 w. ago Streeting rules out Government imposing VAT on private healthcare

Chancellor Rachel Reeves has faced repeated questions about whether she will raise taxes, including VAT, when she delivers the Budget in November.

Politics

2 w. ago Streeting vetoes Treasury VAT raid on private health that could have hit millions of families as Rachel Reeves desperate struggles for ways to raise tax

Health Secretary Wes Streeting moved to crush the idea being mooted within government amid fears it would have hit eight million families.

Economics

2 w. ago Update in personal income tax allowance 'raise to £15,600' call

The personal tax allowance stands at £12,570 but high inflation and the impact on supermarket bills are leading to calls for change

Economics