31 h. ago Trump tariffs: Britain scrambling to strike last minute deal to avoid 25% levies on car imports to US

The US president’s tariff on cars move came only hours after Britain’s budget watchdog warned the levies could force Chancellor Rachel Reeves to raise taxes or cut spending

Economics

31 h. ago Reeves ‘absolutely certain’ welfare cuts will not push people into poverty

The Chancellor denied there will be further tax rises or spending cuts at the autumn budget in order to balance the books.

Politics

32 h. ago Trump tariffs: Reeves says UK isn't planning to retaliate 'at the moment' after US President slaps 25% levies on car imports

The move came only hours after Britain’s budget watchdog warned Trump’s threatened tariffs on the UK could force Chancellor Rachel Reeves to raise taxes or cut spending

Politics

33 h. ago Donald Trump imposes 25% tariffs on car imports dealing new blow to UK and global economy

The move came only hours after Britain’s budget watchdog warned Trump’s threatened tariffs on the UK could force Chancellor Rachel Reeves to raise taxes or cut spending

Economics

46 h. ago Spring Budget 2025 RECAP: Chancellor Rachel Reeves outlines spending cuts in Spring Statement

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster

Economics

48 h. ago Rachel Reeves warned of tax rises ahead despite £14bn plan to fix public finances

Chancellor makes cuts to welfare spending as economic forecasts slashed

Economics

49 h. ago Will Rachel Reeves’s tough decisions pay off? Our panel on the spring statement

The chancellor boosted defence spending while piling on further welfare cuts – all set against gloomy growth forecasts Continue reading...

Politics

50 h. ago Read the Chancellor's Spring Statement in full: From welfare cuts to defence spending and national living wage

All 50 pages of the spring statement were issued as a PDF by the Treasury today after the Chancellor blamed 'increased global uncertainty' as the budget watchdog slashed its economic growth forecast.

Economics

50 h. ago Spring Budget 2025 LIVE: Chancellor Rachel Reeves outlines spending cuts in Spring Statement

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster

Economics

53 h. ago Spring Budget 2025 LIVE: Chancellor Rachel Reeves to outline spending cuts in Spring Statement

Welcome to The Scotsman’s live blog.

Economics

58 h. ago Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costsWhat to expect from Rachel Reeves’s (brief) spring statementRachel Reeves will give her spring statement on Wednesday, with a warning that spending cuts are required because “the world has changed” amid rising government borrowing costs.After announcing deep cuts to welfare, provoking a fierce backlash within her party, the chancellor will present updated forecasts from the Office for Budget Responsibility (OBR) on the outlook for the economy and government finances. Continue reading...

Economics

64 h. ago Don't shift the blame for failing economy, Reeves told: Chancellor prepares to unveil £15bn in new spending cuts

Rachel Reeves will today blame world events for Britain's faltering economy - as voters in a bombshell poll say it is her fault. The Chancellor is set to publish official forecasts later this afternoon.

Economics

3 d. ago Britons cutting back on spending as confidence in economy falls, survey shows

Most feel financial secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statementConsumers are cutting back spending on everyday items amid falling confidence in the UK economy before Rachel Reeves’s spring statement, according to a survey.As the chancellor prepares to confirm billions of pounds in cuts to welfare and government spending on Wednesday, the research by KPMG showed growing numbers of people in Britain believed the economy was heading in the wrong direction. Continue reading...

Economics

3 d. ago John Swinney warns Chancellor's spending cuts poised to be 'very damaging' for Scotland's NHS

The First Minister has issued a warning about cuts at Westminster impacting on health and public services funding in Scotland.

Events

6 d. ago Rachel Reeves says 'we can't tax and spend our way to higher living standards' in Spring Statement as high government borrowing leaves her little room for manoeuvre

The Chancellor (pictured) is under pressure to increase taxes or cut spending to successfully carry out October's Budget as borrowing has been high and growth figures have been disappointing.

Politics

8 d. ago Chancellor Rachel Reeves prepares huge spending cuts to prevent tax hikes as spring statement looms

Whitehall budgets could be slashed by billions of pounds more than previously expected in a blow to public services

Economics

8 d. ago Chancellor to announce huge spending cuts in spring statement

‘I don’t know how much longer we can go on pretending this is not austerity’

Politics

1 week ago Chancellor should raise taxes not cut spending to meet fiscal rules – think tank

Rachel Reeves faces a challenge to meet her fiscal rules amid faltering growth and higher borrowing costs.

Economics

2 w. ago Disability benefits likely to be cut to fund increases to defence spending, warns top economist

A leading economist says the chancellor is likely to make spending cuts rather than increases to tax to pay for defence spending.

Events

2 w. ago Labour told benefits ‘not a lifestyle choice’ as Reeves refuses to rule out PIP cut

Chancellor Rachel Reeves is expected to cut welfare spending in her Spring Statement later this month

Politics