31 h. ago Starmer to face cabinet backlash if he breaks manifesto pledge on income tax

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

Politics

61 h. ago Martin Lewis calls for urgent action after new price rise for 15million people

But in an open letter to Chancellor Rachel Reeves, Martin Lewis explained how O2 customers will see bills rise by 40% more than they were initially told under the new system

Economics

3 d. ago Government borrowing costs rise as Rachel Reeves comes under fresh pressure in renting row

Government borrowing costs rose sharply on Thursday, partially erasing gains made in recent months, in another blow to Rachel Reeves' Budget plans.

Politics

3 d. ago Government borrowing costs rise as Rachel Reeves comes under pressure

Government borrowing costs rose sharply on Thursday, partially erasing gains made in recent months, in another blow to Rachel Reeves' Budget plans.

Politics

5 d. ago Rachel Reeves faces '£20billion Budget black hole' as downgrade fuels tax rise fears

The Chancellor is grappling with a big headache - the UK's woeful productivity - which could trigger the need for spending cuts and tax rises in the Budget

Economics

9 d. 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

1 week 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

1 week 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

1 week 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

1 week 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

1 week 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

2 w. ago How the west can stop the global south being strangled by debt | Heather Stewart

Labour would do well to remember its manifesto promise to revive Britain’s global leadership on developmentWith borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south.In the latest evidence, Ethiopia last week faced the threat of being sued by its creditors in the English courts, after long-running negotiations about restructuring $1bn (£740m) of its debt collapsed. Continue reading...

Events

2 w. ago Gilts stage rally as Reeves looks at tax rises and spending cuts

UK 10-year government borrowing costs see biggest weekly fall since April

Economics

2 w. ago Rachel Reeves hints taxes will rise at next Budget and blames cost of Brexit

The Chancellor said “of course, we’re looking at tax and spending” as she prepares for her November 26 statement.

Economics

2 w. 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