6 d. ago Grim Budget backdrop as food prices surge again despite inflation easing from 20

The grim Budget backdrop for Rachel Reeves was underlined today with food prices on the rise again.

Economics

6 d. ago Inflation falls by less than expected as prices rise by 3.6 per cent in new blow to Rachel Reeves' Budget hopes

The rate of Consumer Prices Index (CPI) inflation slowed to 3.6 per cent in October, down from 3.8 per cent in September, the Office for National Statistics said today.

Economics

1 week ago Lib Dems accused of blocking sick pay for seven million people

Paul Nowak, head of the Trades Union Congress, is set to accuse the Lib Dems of holding up the Employment Rights Bill in the House of Lords, and breaking their own manifesto pledge

Economics

1 week ago Planned income tax rise now set to be scrapped by Rachel Reeves

Her initial plan was expected to see income tax rates increased by 2p but the plans have now reportedly been the subject of a U-turn

Politics

1 week ago Reeves dumps plan to raise income tax in screeching Budget U

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

Economics

1 week ago Rachel Reeves abandons plan to raise income tax in screeching Budget U

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

Economics

1 week ago Chancellor Rachel Reeves 'ditches plan to increase income tax' in upcoming Budget, reports say

Chancellor Rachel Reeves makes a U-Turn on decision to increase income tax to fill 'fiscal black hole' spending gap as plan breaks Labour's manifesto pledge

Economics

1 week ago Rachel Reeves to abandon plans to raise income tax rates in budget

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wake of turmoil in the party.A source told the Guardian that plans to break the manifesto pledge on income tax had been ditched by the prime minister, Keir Starmer, and the chancellor. Continue reading...

Economics

1 week ago How 1million will pay tax for the first time if Budget raid goes ahead – min wage and pensioners will be hit hardest

A MILLION extra people will be dragged into paying income tax if Rachel Reeves presses ahead with a punishing stealth rise, a new report reveals. Pensioners and minimum wage earners face being hit by tax thresholds being frozen for a further two years to help balance the books. Income tax thresholds are frozen until 2028, so...

Economics

1 week ago Rachel Reeves ‘set to ditch plan to raise income tax’ in Budget

Chancellor reportedly set to abandon income tax hike plan amid fears move could anger voters

Economics

1 week ago Budget 2025 could lead to 'biggest loss of pubs in a generation' without action

Pub landlords warn the pub industry is at risk of "dying" after an "astronomical" rise in costs for pubs and brewers ahead of Rachel Reeves unveiling the Budget

Economics

2 w. ago Anas Sarwar backs oil and gas drilling and calls for 'balanced approach' to North Sea

The Scottish Labour leader has pleaded with his UK government colleagues to be “pursuing the opportunities that exist in oil and gas” in the North Sea despite a manifesto pledge to end new licensing.

Events

2 w. ago Consumers cut spending waiting for punishing Budget measures to hit them in pocket

FOUR in ten Brits are adjusting their finances in anticipation of the Budget, new polling shows. Findings show around a third of people in this group are making cutbacks to reduce spending and another third are building up a savings cushion. It comes as Rachel Reeves has indicated that she will break her manifesto pledge...

Economics

2 w. ago Labour's flagship manifesto pledge on tax to be ripped up, Reeves makes clear ahead of Budget

The Chancellor said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to capital spending, something she indicated she will not do

Economics

2 w. ago Reeves signals she will break manifesto pledge with Budget tax rises

Chancellor hopes to win support from Labour MPs by lifting two-child benefit cap

Economics

2 w. ago Rachel Reeves gives biggest hint yet that manifesto pledge on taxes will be broken at Budget

The chancellor also hinted that there could be movement on the two-child benefit cap

Economics

2 w. ago Rachel Reeves gives strongest sign yet she WILL break Labour's manifesto vows on tax at Budget

Chancellor Rachel Reeves suggested the only way she could keep the promises not to increase income tax, national insurance or VAT was to cut investment - something she has ruled out.

Economics

2 w. ago Mutinous Labour MPs warn Rachel Reeves of electoral meltdown if she breaks manifesto pledge with 2p tax hike

Rachel Reeves has been dropping heavy hints that income tax could go up in the package on November 26 - despite the move being explicitly ruled out in the manifesto.

Events

2 w. ago How could Rachel Reeves increase income tax in her Budget – and what would it mean for you?

Chancellor reportedly tells watchdog she intends to increase personal tax in one of several ‘major measures’ planned for Budget at end of month

Economics

2 w. ago Almost 9million pensioners to be hit by Rachel Reeves's income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics