37 h. ago Rachel Reeves admits high taxes ARE hitting economy as she urges Cabinet to rein in spending to help fill '£50bn' hole in public finances at Budget

Chancellor Rachel Reeves said the burden 'does impact growth' - arguing that expanding UK plc is the only way to improve the public finances.

Economics

41 h. ago Rachel Reeves begs ministers to rein in spending to help fill '£50bn' hole in public finances at Budget

Chancellor Rachel Reeves has written to colleagues warning that they will not be bailed out by the Treasury if they fail to control costs.

Economics

7 d. ago Rachel Reeves house tax 'attack' warning as experts beg her to drop plan

The Chancellor is reportedly considering a number of new property taxes

Events

8 d. ago Rachel Reeves scrambles to play down claims she's facing a £50bn 'black hole' in the public finances as under

The Chancellor also sought to dampen speculation she is poised to announce a fresh package of tax rises on British businesses and households.

Economics

8 d. ago Budget compromise needed if PM ousted, says French finance minister

Éric Lombard says he hopes François Bayrou will survive vote and dismisses talk of looming debt crisisThe French finance minister, Éric Lombard, has said the government would have to compromise on plans to cut the budget deficit if the prime minister, François Bayrou, is toppled in a confidence vote next week.Lombard told the Financial Times that fresh negotiations would require the government to make concessions to the left to reduce the size of the fiscal package if the government falls. Continue reading...

Politics

8 d. ago Why is the next Budget in late November and what could it mean for your money?

Now that the date is announced, the Office for Budget Responsibility can begin to assess the UK's financial health and how much headroom Reeves has to work with.

Economics

8 d. ago I haven't broken the economy, insists Reeves in desperate video plea amid bond market meltdown and fears of tax hike 'doom loop'... as she reveals Budget won't happen until November 26

Rachel Reeves attempted to calm markets by stressing her fiscal rules after interest rates on UK gilts crept up again this morning - having spiked to 27-year highs yesterday.

Economics

8 d. ago Rachel Reeves’s autumn budget will take place on 26 November

Treasury reveals date as speculation rises over potential tax increases to plug deficit in public finances of up to £40bnBusiness live – latest newsRachel Reeves’s autumn budget will take place on 26 November, the Treasury has announced, amid mounting speculation over tax increases.With the government under pressure on the economy, the chancellor has previously said measures designed to reboot growth would form the basis of her highly anticipated tax and spending plans. Continue reading...

Politics

8 d. ago Britain on the brink? Reeves faces threat of financial crisis as markets send UK borrowing costs rocketing AGAIN

Ministers are struggling to cool alarm after interest rates on UK gilts rose again this morning, having spiked to 27-year highs yesterday.

Economics

1 week ago Rachel Reeves admits Brits 'feel stuck' as dire poll finds nearly two

Chancellor Rachel Reeves is facing a brutal Budget reckoning this Autumn with warnings she has a black hole of up to £50billion to fill.

Politics

2 w. ago Shield your pension, savings and property NOW from Rachel Reeves' Budget raid: Time's running out and it's going to be truly nasty, says money guru JEFF PRESTRIDGE... here's what to do

The tax panic season has started in earnest. Summer is far from over, yet speculation is rife as to what damage Rachel Reeves will inflict on our finances in the autumn Budget .

Economics

2 w. ago Rachel Reeves set to launch 'stealth tax raid' on workers to help fill Labour's £50bn black hole in public finances

The Labour minister is reportedly set to introduce a six-year freeze on income tax thresholds rather than increasing them in line with the cost of living or inflation .

Economics