1 hour ago Britain braces for another tax bomb amid warnings UK economy is 'flashing red' as growth slows to 0.3 per cent while Rachel Reeves faces a £50bn black hole

The Office for National Statistics said gross domestic product grew by 0.3 per cent for the quarter after 0.7 per cent growth in the first three months of the year.

Events

5 h. ago French borrowing costs close in on Italy’s as investors fret over debts

Anxiety grows over France’s public finances just as Rome improves its standing with bondholders

Economics

13 h. ago Scotland’s deficit grew by £5.1bn, Government estimate shows

The report said ‘public finances in Scotland weakening, as expenditure grew faster than revenue’.

Politics

23 h. ago Scots benefitting from 'economic strength' of UK as public spending remains higher north of the Border

The annual GERs report warned public finances in Scotland are "weakening" as expenditure grew faster than revenue.

Economics

24 h. ago 'Politics of envy': Fury as Labour opens the door to an inheritance tax raid on Middle England as ministers fail to deny push to end tax

Dame Diana Johnson, the policing minister, failed to rule out changes to the so-called 'death tax' this autumn amid growing concerns about the state of the public finances.

Politics

25 h. ago Major inheritance tax change talks as Sky News host grills minister on plan

Chancellor Rachel Reeves is reportedly exploring changes to inheritance tax - such as tightening the rules around gifting - as she battles to plug a hole in the public finances

Politics

37 h. ago Now Rachel Reeves plots inheritance tax raid on Middle England to plug huge gap in public finances as Tories blast Labour's 'politics of envy'

The Chancellor is said to be looking at tightening rules on gifting of money and assets before someone passes away to address an estimated £50billion spending hole at the next Budget .

Politics

3 d. ago Nice house? Labour wants to tax it, Kemi Badenoch tells Middle England

The Tory leader says Rachel Reeves saw property as a 'cash machine' to plug the gap in the public finances.

Politics

3 d. ago Embattled Rachel Reeves urges public to be patient with Labour on rescuing economy

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

Events

6 d. ago Keir Starmer and Rachel Reeves 'lay the ground for massive tax hikes' with Chancellor 'needing to fill £50billion hole' at grim Budget

Keir Starmer and Rachel Reeves are said to have started holding meetings on how to fill a black hole in the public finances estimated at up to £50billion.

Economics

7 d. ago Londoners face ‘maximum’ council tax hikes to limit huge funding blow from Labour reforms, warns IFS

Cash for inner London town halls will be 11-12% lower in 2028-29 in real terms under the reforms, according to the Institute for Fiscal Studies

Events

7 d. ago GORDON BROWN: 'Taxing the betting industry to support our children won’t be a gamble'

Gordon Brown says 'with the public finances tight and children hungry, there is an obvious fix: use the massively undertaxed profits of the gambling industry to lift 500,000 children out of poverty'

Politics

7 d. ago Keir Starmer downplays warnings that taxes will have to be raised in autumn

PM says he doesn’t recognise some figures in independent forecast that projects £51bn shortfall in public finances UK politics live – latest updatesKeir Starmer has sought to play down warnings that the government will be forced to raise taxes this autumn and said some of the figures being circulated “are not ones I recognise”.The prime minister was responding to forecasts from the National Institute of Economic and Social Research (NIESR), which projected a shortfall of up to £51bn in the public finances, given a number of factors had knocked the chancellor’s plans to stay within Whitehall spending limits, including higher debt interest payments and U-turns on welfare spending cuts. Continue reading...

Events

7 d. ago Keir Starmer plays down warnings that taxes will have to be raised in autumn

PM says he doesn’t recognise some figures in independent forecast that projects £51bn shortfall in public financesKeir Starmer has sought to play down warnings that the government will be forced to raise taxes this autumn and said some of the figures being circulated “are not ones I recognise”.The prime minister was responding to forecasts from the National Institute of Economic and Social Research (NIESR), which projected a shortfall of up to £51bn in the public finances, given a number of factors had knocked the chancellor’s plans to stay within Whitehall spending limits, including higher debt interest payments and U-turns on welfare spending cuts. Continue reading...

Events

7 d. ago Keir Starmer REFUSES to rule out tax hikes in the Budget after economists warn Labour is facing a huge £50bn black hole in public finances

The Prime Minister said he didn't recognise 'some of the figures that are being put out' amid suggestions that Rachel Reeves is on track to miss one of her fiscal rules.

Economics

7 d. ago Starmer refuses to rule out tax rises in autumn as he faces growing pressure to fill £50bn budget black hole

Labour prime pledged that plans to be set out in the autumn would make ‘sure people feel better off’

Economics

7 d. ago Keir Starmer pushes back at economists' claims Labour is facing a £50bn black hole

The Prime Minister said he didn't recognise 'some of the figures that are being put out' amid suggestions that Rachel Reeves is on track to miss one of her fiscal rules.

Economics

7 d. ago Sir Keir Starmer declines to rule out tax rises as he defends handling of economy

It comes after warnings that taxes may need to rise to plug a £51 billion black hole in public finances

Economics

7 d. ago Starmer defends handling of economy but declines to rule out tax hikes

The Prime Minister said Chancellor Rachel Reeves’ upcoming budget will ‘build on what we’ve done’ by focusing on ‘living standards’.

Economics

7 d. ago Chancellor likely to raise taxes 'to fill £51bn black hole in public finances', experts warn

The Chancellor will have to find £51 billion at the autumn budget, according to experts

Economics