27 m. ago Income tax rise only way to plug new £20bn budget black hole, economists warn Reeves

Economists say trying to balance budget by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

5 h. ago Rachel Reeves faces '£20billion Budget black hole' as downgrade fuels tax rise fears

The Chancellor is grappling with a big headache - the UK's woeful productivity - which could trigger the need for spending cuts and tax rises in the Budget

Economics

15 h. ago Of course I'm coming back for more in the Budget, Reeves admits as she scrambles to fill £30bn black hole

The Chancellor (pictured) said she was 'of course' looking at tax increases - as well as spending cuts - as she seeks to patch up public finances in next month's Budget.

Economics

21 h. ago Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

Economics

50 h. ago Furious battle over Budget inside government as Starmer urged to stop mansion tax plan

Rachel Reeves is said to be seriously considering a mansion tax to fill an estimated £40 billion budget black hole and appease the left of the Labour Party

Politics

3 d. ago Tax raid on cash Isa won't raise the funds to plug Budget black hole, Rachel Reeves told

The Treasury Select Committee urged the Chancellor not to halve the current £20,000 tax-free amount amid City lobbying.

Economics

4 d. ago Desperate Rachel Reeves is 'actively discussing' smashing Labour's manifesto by hiking income tax at Budget as she struggles to fill '£40bn' black hole

Increasing income tax is said to be a 'live debate' between the Chancellor and her aides amid fears she cannot bring in enough cash by solely targeting the 'rich'.

Economics

4 d. ago Rachel Reeves urged to hike taxes on HOLIDAYS at the Budget with new green levies on flights to plug £30billion black hole

The Chancellor should consider a range of levies on aviation to ensure the sector pays 'its fair share' towards Britain's Net Zero targets, according to a new report.

Economics

7 d. ago Brexit has made UK economy and productivity ‘weaker’ than thought, says Reeves

The expected downgrade of the OBR’s previous assumptions is likely to make filling a black hole in her Budget even harder.

Politics

2 w. ago Rachel Reeves given warning over tax changes that could affect millions

Experts told the Treasury Committee that Chancellor Rachel Reeves may have to hike major taxes in next month's Budget to plug the black hole in the public finances

Events

2 w. ago Taxman's blunder hands Reeves a £3bn boost: Borrowing figures were overstated due to faulty data

Chancellor Rachel Reeves (pictured) must find a way to fill an estimated £30bn black hole in the public finances at next month's Budget.

Economics

3 w. ago Redundancy requests as Renfrewshire HSCP grapples with £19m budget black hole

The partnership had confirmed that it has invited huge swathes of the workforce to consider a voluntary severance.

Economics

3 w. ago Rachel Reeves ready to target bloated asylum bill to plug £30bn black hole in next month's Budget

The Chancellor yesterday received the initial economic forecasts from the Office for Budget Responsibility (OBR) watchdog telling her how much she needs to raise to balance the books.

Economics

4 w. ago Brits on red alert for ANOTHER Labour tax bomb: No10 chief admits manifesto vows on income tax, NICs and VAT only stand 'today' as Reeves warns of Budget 'choices' over '£30bn' black hole

No10 enforcer Darren Jones hinted at pain to come as he insisted Labour's manifesto commitments still applied 'today' - but only because no decisions have been taken.

Events

4 w. ago Reeves will struggle to sell growth case to fiscal watchdog, economists warn

Chancellor wants the OBR to give her credit for trade deals and proposed EU mobility scheme

Events