66 m. ago Badenoch vows to abolish stamp duty as she closes Tory conference

She pledged a ‘golden rule’ on her budget plans, spending only half of any savings made through spending cuts, with the rest to reduce the deficit.

Politics

2 h. ago Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult budget next month

Economics

3 h. ago Boss of banking app Revolut joins Britain's billionaire exodus as he leaves London for Dubai after Labour's tax raids on the wealthy

Nikolay Storonsky's departure is embarrassing for Rachel Reeves, who just two weeks ago attended the opening of the Revolut's new London headquarters.

Economics

5 h. ago ONS revises down UK government borrowing by £2bn after VAT error

Statistics agency reduces estimate for current fiscal year weeks ahead of Rachel Reeves’ Budget

Economics

6 h. ago ONS revises down government borrowing estimates after data error

Office for National Statistics says there was an error in VAT receipts used to calculate the figures

Politics

24 h. ago Three tax raids that Rachel Reeves could hit households with in the Autumn Budget, according to experts

WITH Chancellor Rachel Reeves set to announce her Autumn Budget next month, many will be wondering how it's going to hit their pockets. There are fears taxes will go up for households across the UK, as the government tries to fill a £30billion black hole in the public finances. Experts from Oxford Economists have this...

Economics

28 h. 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

28 h. ago Rachel Reeves could target classic cars in Budget by axing 40

Shadow transport secretary Richard Holden says he is 'concerned' that the Chancellor could scrap vehicle excise duty (VED) exemptions for 40-year-old cars in next month's Budget.

Events

37 h. ago Rachel Reeves is coming under mounting pressure to rule out a 'knee

Speculation is mounting that the Chancellor may reduce the maximum amount savers can withdraw tax-free from their retirement funds - prompting some to pull cash out now.

Events

39 h. ago Covid fraudsters urged to pay up before December or face ‘hit squad’

The Government has pledged to hit perpetrators with fines of up to 100% of the value of the money they swindled from the taxpayer.

Events

43 h. ago Starmer faces cabinet revolt over Budget tax rises that could drive wealthy away

‘The trouble is we have crossed a line in trying to encourage aspiration. The non-dom change and the VAT on school fees have sent the opposite message,’ minister tells The Independent

Economics

49 h. 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

51 h. 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

51 h. ago Rachel Reeves 'to loosen planning rules again and hit banks for £2bn' as she scrambles to balance the books at her Budget

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

3 d. ago Rachel Reeves 'would wipe £136bn off the economy' if she hikes property tax, experts warn

Treasury officials have been examining plans to impose capital gains tax on main residences and reverse changes the Tories made when they were in power last year.

Economics

4 d. ago Rachel Reeves ready to target bloated asylum bill to plug £30bn black hole in next month's Budget

The Chancellor yesterday received the initial economic forecasts from the Office for Budget Responsibility (OBR) watchdog telling her how much she needs to raise to balance the books.

Economics

4 d. ago Bank governor warns of risks of cutting regulation in bid for growth

Andrew Bailey said in a speech in Amsterdam he can see evidence that there is a ‘risk of history showing signs of repeating itself’.

Events

4 d. ago Michelle Mone says she has ‘no wish to return to the Lords’ as a Tory peer

Several high-profile politicians have called for Lady Mone to relinquish her peerage.

Politics

4 d. ago Baroness Michelle Mone resigns as Conservative peer after PPE scandal

Michelle Mone, who has links to PPE Medpro wrote a letter to Tory leader Kemi Badenoch after accusing Chancellor Rachel Reeves of using 'dangerous and inflammatory' language about her

Politics

4 d. ago New archbishop warns against hostile or threatening language on immigration

Dame Sarah Mullally said all senior leaders, whether in politics or faith, have a responsibility to ‘think about the language we use’.

Events