47 m. ago Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

Economics

1 hour ago FTSE 100 Live 03 September: Bond market pressure continues, date set for autumn Budget

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Economics

2 h. ago Rachel Reeves’s autumn budget will take place on 26 November

Treasury reveals date as speculation rises over potential tax increases to plug deficit in public finances of up to £40bnBusiness live – latest newsRachel Reeves’s autumn budget will take place on 26 November, the Treasury has announced, amid mounting speculation over tax increases.With the government under pressure on the economy, the chancellor has previously said measures designed to reboot growth would form the basis of her highly anticipated tax and spending plans. Continue reading...

Politics

3 h. ago FTSE 100 Live 03 September: Bond market pressure continues, Rolex retailer reassures on tariffs

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Economics

3 h. ago Cut spending to fix UK public finances, investors urge Reeves

Tax rises alone will not be enough to meet chancellor’s fiscal rules in Budget, say leading bond market figures

Economics

4 h. ago FTSE 100 Live 03 September: Index higher after bond market sell

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Politics

7 h. ago Cut spending to fix UK public finances, investors urge Rachel Reeves

Tax rises alone will not be enough to meet chancellor’s fiscal rules in Budget, say leading bond market figures

Economics

15 h. ago Reform pledges to cut 'wasteful spending' in NHS and 'the nonsense' if it wins power in Wales

In an interview which was typically lacking in detail Richard Tice said 'back office' jobs needed to be cut in Wales to save money and his party would scrap Welsh Labour's 20mph policy

Politics

27 h. ago Keir Starmer to host Cabinet meeting after poaching top Rachel Reeves aide in No 10 reshuffle

The Prime Minister is celebrating his 63rd birthday today as he faces a host of challenges from the small boats crisis to tight public finances

Politics

46 h. ago Trump’s bill a ‘death warrant’ say parents of sick rural kids whose treatment is tied up in Medicaid red tape

‘One Big Beautiful Bill Act’ is projected to cut nearly $1 trillion in Medicaid spending over the next decade. Parents with sick kids and doctors tell Rhian Lubin the cuts are ‘final nail in the coffin’

Events

47 h. ago Rachel Reeves admits Brits 'feel stuck' as dire poll finds nearly two

Chancellor Rachel Reeves is facing a brutal Budget reckoning this Autumn with warnings she has a black hole of up to £50billion to fill.

Politics

49 h. ago Tories challenge Rachel Reeves to rule out ‘damaging property taxes’

The Chancellor will have to raise taxes or cut spending by around £51 billion to maintain her current level of ‘headroom’, experts say

Politics

6 d. ago FACT FOCUS: Rural hospitals are expected to lose money from Trump's bill, despite RFK Jr.'s promise

Rural hospitals are bracing for financial losses due to President Trump's tax and spending cut bill

Politics

1 week ago Rachel Reeves set to launch 'stealth tax raid' on workers to help fill Labour's £50bn black hole in public finances

The Labour minister is reportedly set to introduce a six-year freeze on income tax thresholds rather than increasing them in line with the cost of living or inflation .

Economics

1 week ago Former Sri Lankan president admitted to hospital after arrest

Ranil Wickremesinghe, who faces charges of using public funds for private travel, treated for acute dehydrationSri Lanka’s former president was admitted to hospital on Saturday, a day after he was charged with using public funds to finance private international travel, as the government intensified its crackdown on corruption.Ranil Wickremesinghe, 76, was remanded in custody on Friday after being accused of using taxpayers’ money to pay for a two-day visit to the UK in September 2023 to attend a ceremony at the University of Wolverhampton granting an honorary professorship to his wife. Continue reading...

Politics

1 week ago Labour rakes record £100 BILLION of taxes in July as Rachel Reeves plots new raid on middle classes to repair 'chronically weak' public finances

The haul - the highest ever for July - was boosted by Rachel Reeves' employer national insurance raid. However, that policy is also blamed for making it harder for firms to hire.

Economics

1 week ago Which tax rises could fill the £50bn black hole in Britain’s balance sheet?

The Independent looks at Rachel Reeves’ options as she looks to fill the gaping hole in Britain’s public finances this autumn

Economics

2 w. ago Rachel Reeves considers ‘mansion tax’ to fill Treasury black hole

The chancellor is seeking ways to raise cash in the face of dire warnings about the state of the public finances

Politics

2 w. ago Worrying number of pubs and restaurants that have put prices up revealed

Tax increases announced by Labour to tackle a hole in the public finances have led to price increases and job cuts throughout the hospitality sector, say bosses, as they called for help from the Chancellor

Politics

2 w. ago Reeves explores reform to capital gains tax on expensive houses

UK Treasury considers overhaul of property levies as ministers confront a hole in the public finances of at least £20bn 

Economics