97 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

6 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

7 h. ago Rachel Reeves sent major cash ISA cut warning over £2.5bn Treasury losses

The chancellor may still be considering a cut to cash ISA savings limits, but there are fears it would not encourage people to start investing

Economics

8 h. ago William Hill owner cheers ‘good progress’ as sports betting boosts revenues

The figures come around two weeks after the company said it was considering store closures if it is hit by higher taxes at next month’s Budget.

Politics

8 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

8 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

10 h. ago Another business bashing Budget from Reeves will kill City green shoots

The Chancellor must focus on attracting investment, which can only be achieved if sentiment is positive

Events

16 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

22 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

23 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

25 h. ago No Pip eligibility changes at next month’s Budget, says minister

Sir Stephen Timms took a question about the Motability scheme, which personal independence payment claimants can use to lease a new vehicle.

Politics

29 h. ago Job vacancies fall to lowest level in 2025 as Reeves urged to deliver a ‘pro

Consultancy, press relations and marketing among fields showing sharp drop in roles

Society

30 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

30 h. ago Rachel Reeves warns the rich will have to 'contribute' more taxes after Budget and can only say burden on squeezed middle earners will be kept as 'low as possible'

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.

Events

30 h. ago Four out of five homes hit by a Labour mansion tax 'would be in London and SE'

Latest Budget rumours suggest homeowners could face 1% annual bill on properties worth more than £2million

Events

31 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

31 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

31 h. ago Mansion tax idea is incoherent, former Bank of England boss warns Reeves

Lord King, who ran the Bank of England for ten years, said problems will not be resolved by ‘just adding another wealth tax’

Events

33 h. ago NHS needs extra £3bn, health bosses warn ahead of Rachel Reeves’ Budget

It comes as resident doctors are due to strike for five days next month

Economics

39 h. ago KEN COSTA: We are still a month from Reeves' Budget... and it's already developing into a financial horror show

Having explored just about every other conceivable tax rise the Chancellor seems to have settled once again on the idea of breaking Labour's manifesto promise and raising rates of income tax.

Economics