2 h. ago Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rulesRachel Reeves is braced for revised forecasts by the Office for Budget Responsibility (OBR) to blow a £20bn hole in her tax and spending plans before the autumn budget.Even without changing the totals the chancellor set out in her spending review on Wednesday, a weaker forecast from the the Treasury’s independent watchdog could force her to find significantly more money at the budget to meet her “non-negotiable” fiscal rules. Continue reading...

Economics

9 h. ago Rachel Reeves to unveil £725 billion plan to 'rebuild Britain's foundations'

Labour's 10-year infrastructure strategy will include upgrades for transport networks, hospitals, schools and local facilities, as well as a boost to affordable house building

Economics

42 h. ago Tories demand OBR steps in to scrutinise Rachel Reeves' spending plans amid alarm that her sums don't add up without tax hikes

Conservative MP Gareth Davies, the shadow financial secretary to the Treasury, called for the watchdog to assess Chancellor Rachel Reeves' proposals.

Economics

69 h. ago How much could YOUR council tax be going up? The pain looming for households as they face the 'fastest bill rises in 20 years' under Rachel Reeves' plans

As part of the Chancellor's spending plans, the Treasury suggested that local authorities would hike bills by 4.99 per cent a year for the rest of this Parliament.

Economics

69 h. ago Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – UK politics live

Institute for Fiscal Studies says figures for projected departmental efficiencies savings from Treasury are not credibleReeves gambles on ‘renewing Britain’ to win voters’ trustRachel Reeves is now on ITV’s Good Morning Britain. Susannah Reid and Richard Madeley are interviewing her.Q: You must be disappointed about the growth figures? Continue reading...

Politics

69 h. ago Tax rises 'almost inevitable' as IFS torches Rachel Reeves' spending plans warning NHS and defence will need topping up and cost

IFS director Paul Johnson said he would be 'very surprised indeed' if heath and defence funding did not need topping up before the next election.

Events

2 d. ago IFS torches Rachel Reeves' spending plans warning NHS and defence will need topping up and cost

IFS director Paul Johnson said he would be 'very surprised indeed' if heath and defence funding did not need topping up before the next election.

Events

3 d. ago Spending review in five charts: Who are the winners and losers in Rachel Reeves’ plan?

Departmental spending will increase by 2.3 per cent each year, with some areas seeing real-terms losses, writes Alicja Hagopian

Politics

3 d. ago Rachel Reeves' spending splurge plans are ALREADY in chaos after GDP fell 0.3% in April

GDP was down 0.3 per cent in April, worse than analysts had expected, and raising more questions about the realism of the Chancellor's splurge on services.

Events

3 d. ago ANDREW NEIL: Starmer's claim to be 'investing in Britain's renewal' is delusional drivel in a class of its own

'Our first job was to stabilise the economy and public finances,' Keir Starmer tweeted yesterday morning, a few hours before Rachel Reeves delivered Labour's spending plans.

Politics

3 d. ago Experts cast doubt on Reeves' plan to make her sums add up by saving billions through 'technical efficiency gains', slashing admin spending and clamping down on tax

The Treasury said it planned to make more use of artificial intelligence, reforming the workforce - including through job cuts - and selling off its London property portfolio.

Economics

3 d. ago Rachel Reeves pumps cash into NHS with 4million more tests and procedures to cut waits

The NHS and defence were big winners from the Chancellor's Spending Review as Rachel Reeves set out the Government's spending plans for the rest of the decade

Economics

3 d. ago 'Bombshell' council tax rise warning over Rachel Reeves' police funding plans

Chancellor accused of ‘relying on a hidden council tax bombshell to fund a half-hearted rise in police funding’ as she outlines Spending Review

Events

3 d. ago Reeves unveils record spending plans but experts warn of tax rises ahead

Chancellor announces £39bn boost for social housing, £29bn for NHS and £11bn for defence – and promises to close all asylum hotels as she takes a swipe at Farage and dismisses Tory warnings of a ‘cruel summer’ of tax rise

Events

3 d. ago Treasury minister dismisses claims spending review will lead to autumn tax rises – UK politics live

Darren Jones says such claims are ‘incoherent’ and the government is allocating money that has already been raisedSpending review: key points at a glanceGreen party MPs and activists joined a protest outside parliament today saying the government should use the spending review to announce a wealth tax. In a post on social media, Adrian Ramsay, the party’s co-leader, said:We expect the chancellor to take another axe to public spending today: decline by design from a govt that refuses to tax wealth to properly fund our overstretched public services & support the most vulnerable. We need to invest in a secure & fairer future. #TaxExtremeWealth Continue reading...

Politics

3 d. ago Murray asks who Scots voters ‘trust to spend’ £9.1bn rise in funding

The Scottish Secretary was speaking after Chancellor Rachel Reeves laid out her spending plans for the next three years.

Economics

3 d. ago Watch: Rachel Reeves delivers spending review as chancellor pledges to make working people ‘better off’

Watch again as Rachel Reeves delivered her much-anticipated spending review on Wednesday (11 June) as the chancellor pledged to make working people “better off”.

Economics

3 d. ago Reeves says use of hotels for asylum seekers to end ‘in this parliament’ – UK politics live

Chancellor delivers spending review, claiming asylum move will save £1bn and says health spending represents a record cash investmentSpending review: key points at a glanceGreen party MPs and activists joined a protest outside parliament today saying the government should use the spending review to announce a wealth tax. In a post on social media, Adrian Ramsay, the party’s co-leader, said:We expect the chancellor to take another axe to public spending today: decline by design from a govt that refuses to tax wealth to properly fund our overstretched public services & support the most vulnerable. We need to invest in a secure & fairer future. #TaxExtremeWealth Continue reading...

Politics

3 d. ago Spending review 2025 – live: Reeves criticised for ‘fantasy’ plan as economists warn tax hikes ‘very likely’

Chancellor Rachel Reeves insists she will never have to repeat last year’s Autumn Budget, when tax rises were announced

Events

3 d. ago Spending Review 2025 LIVE: Rachel Reeves pledges billions more for NHS and social housing... but Met police cash row looms

Chancellor announces extra £29 billion per year for the NHS and vows to end use of asylum seeker hotels

Economics