35 h. ago Fears of spike in food bills as firms warn Labour against another Budget tax raid... with ministers preparing to push through workers' rights law

An industry body said food and drink inflation could reach 5.7 per cent by the end of the year, pointing to the effects of the national insurance raid and new packaging taxes.

Economics

1 week ago Rachel Reeves scrambles to play down claims she's facing a £50bn 'black hole' in the public finances as under

The Chancellor also sought to dampen speculation she is poised to announce a fresh package of tax rises on British businesses and households.

Economics

1 week ago I haven't broken the economy, insists Reeves in desperate video plea amid bond market meltdown and fears of tax hike 'doom loop'... as she reveals Budget won't happen until November 26

Rachel Reeves attempted to calm markets by stressing her fiscal rules after interest rates on UK gilts crept up again this morning - having spiked to 27-year highs yesterday.

Economics

1 week ago Britain on the brink? Reeves faces threat of financial crisis as markets send UK borrowing costs rocketing AGAIN

Ministers are struggling to cool alarm after interest rates on UK gilts rose again this morning, having spiked to 27-year highs yesterday.

Economics

2 w. ago Reeves warned she will have to break manifesto commitment on tax to deal with economic black hole

Leading economists have questioned strategy of ‘fiddling around’ with new small taxes – such as the mansion and gambling taxes – to avoid economic crisis

Economics

3 w. 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

3 w. ago How could Labour shake up the property tax system in the Budget?

Chancellor Rachel Reeves is looking at reforms designed to target wealthier individuals

Economics