69 m. 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

3 h. ago Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

Economics

3 h. ago Productivity bombshell leaves Brits facing BIGGER tax rises next month and 'blows a £20bn hole in Reeves' Budget'

The Office for Budget Responsibility (OBR) watchdog is reportedly poised to cut its trend productivity forecast by about 0.3 percentage points in its upcoming projections.

Economics

18 h. ago Rachel Reeves told to target wealthy in Budget as tax rises and spending cuts on the table

Researchers argued that deepening wealth inequality was creating existential risks to society as they warned that the gap between the richest and poorest has widened

Economics

18 h. ago Cost of motoring surges under Labour as Chancellor Rachel Reeves rakes in extra £375million in VAT from cash

Figures show consumer spending on buying and running vehicles hit £78.3billion during the first six months of 2025.

Economics

24 h. ago More signs Reeves is planning a 'class war' mansion tax: Now Housing Secretary refuses FOUR TIMES to rule out 'house price levy' in Budget that would hit middle

It was this weekend revealed how Chancellor Rachel Reeves could hit those with homes worth more than £2million with a punitive levy in the Budget next month.

Economics

25 h. ago How much of a salary hike do YOU need to keep up with inflation? Use our calculator to find out...

Chancellor Rachel Reeves' painful tax raid on businesses has pushed inflation to an 18-month high. Prices have jumped by 4.2% in a year in the UK

Economics

25 h. ago Rachel Reeves hints at tax rises in Budget as she heads to Riyadh in search of trade deal

The chancellor is widely expected to use the Budget to increase taxes once again, with the Institute for Fiscal Studies estimating she needs to find £22bn of tax rises or spending cuts to meet her self-imposed fiscal rule

Economics

26 h. ago Millions of households to be hit with tax rises in the Budget, Chancellor Rachel Reeves signals

The Chancellor told an economic forum in Saudi Arabia that she would avoid growth-busting new levies on businesses

Economics

26 h. ago Rachel Reeves reveals tax rises and spending cuts ARE being considered at Budget as she scrambles for Gulf trade deal on Saudi Arabia visit

The Chancellor said the Government needed to ensure there is 'sufficient headroom' above its spending plans when she reveals her next fiscal package on 26 November.

Economics

36 h. ago 'A horror show that demonises the wealthy': Top city banker's scathing verdict on Rachel Reeves' Budget plans as he accuses Government of pursuing a 'socialist fantasy'

City grandee and philanthropist Ken Costa cautioned that 'just about anyone with aspirations is being made to feel unwelcome in Rachel Reeves' Britain'. Pictured: The Chancellor

Economics

47 h. ago Fury at Reeves's mansion tax raid on homes: Chancellor is accused of 'incoherent' class war 

Baron King lashed out after it was revealed the Chancellor Rachel Reeves could hit those with homes worth more than £2million with a punitive levy in the Budget next month.

Society

48 h. ago Reeves heads into Budget with public finances in challenging state – Streeting

Health Secretary Wes Streeting said the economy was not ‘out of the woods yet’ ahead of Rachel Reeves’ November 26 Budget.

Economics

63 h. ago Rachel Reeves' mansion tax raid plot: Class war plan will punish hard work and aspiration, say critics who warn NOTHING is safe from Labour

Chancellor Rachel Reeves could hit homeowners with a new mansion tax costing thousands of pounds a year as part of a class war plan being considered for next month's Budget.

Events

2 d. ago Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

Events

3 d. ago My sources tell me these are Rachel Reeves' hugely damaging plans for tax, pensions and your savings. Be very afraid, warns JEFF PRESTRIDGE

Rachel Reeves is desperately scrambling around for ideas to fill the UK's financial black hole like a contestant in a treasure hunt, writes JEFF PRESTRIDGE.

Events

3 d. ago Big Four accountants lobby against partnership tax changes in Budget

Chancellor Rachel Reeves is looking at adding employer national insurance to UK businesses operating as LLPs

Economics

3 d. ago Rachel Reeves facing resignation calls as she's 'considering hiking income tax'

Doom-and-gloom chancellor Rachel Reeves is facing resignation calls after it emerged she is considering breaking Labour’s manifesto by hiking income tax.

Politics

4 d. ago Chancellor Rachel Reeves 'is in active discussions about breaking Labour's manifesto pledge and putting a penny on income tax to fill £30billion budget gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

4 d. ago Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Economics