7 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

8 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

1 week ago Young people to have benefits stripped if they turn down work under Rachel Reeves’s plan to tackle unemployment

The chancellor will unveil a ‘youth guarantee’, meaning every young person who has been on universal credit for 18 months will be offered paid work, an apprenticeship or a college place

Politics

1 week ago Rachel Reeves to strip benefits off young unemployed if they refuse paid work

Young claimants will face sanctions such as losing their benefits if they refuse to take up jobs, the Chancellor will say

Politics

2 w. ago Brits brace for cost of living crisis 2.0: Fears 5% inflation and tax hikes in autumn Budget will send food bills skyrocketing this winter

Millions of families face further rises in food prices if Chancellor Rachel Reeves presses ahead with plans to hit big shops with higher business rates, industry experts warned today.

Economics

3 w. ago Boomers think their wealth came from wise choices – this myth needs busting

If Reeves swipes some of the huge gains amassed from property and pensions, the lucky generation cannot argue – but willThe most infamous example of middle-income baby boomers seeking retribution for the loss of their accumulated wealth occurred in Germany in 2009, when a retired builder and his pensioner accomplice took their financial adviser hostage after more than £2m of stock market investments had crashed.In the UK. the chancellor, Rachel Reeves, is unlikely to face the same prospect if she swipes some of the gains baby boomer’s have amassed from property and pensions in her November budget, but those affected are still going to seek their revenge. Continue reading...

Politics

3 w. ago Boomers think their wealth came from wise choices – this myth needs busting | Phillip Inman

If Reeves swipes some of the huge gains amassed from property and pensions, the lucky generation cannot argue – but willThe most infamous example of middle-income baby boomers seeking retribution for the loss of their accumulated wealth occurred in Germany in 2009, when a retired builder and his pensioner accomplice took their financial adviser hostage after more than £2m of stock market investments had crashed.In the UK. the chancellor, Rachel Reeves, is unlikely to face the same prospect if she swipes some of the gains baby boomer’s have amassed from property and pensions in her November budget, but those affected are still going to seek their revenge. Continue reading...

Politics

3 w. ago Rachel Reeves' sums don't add up! Chancellor could be forced to spend ANOTHER £18 billion on public services if she fails to boost productivity, economists warn

The Institute for Fiscal Studies (IFS) said the Chancellor is banking on making ambitious efficiencies - but that if she fails to meet her targets, she could be forced to top up her spending plans

Economics