49 h. ago Rachel Reeves gives biggest hint yet that manifesto pledge on taxes will be broken at Budget

The chancellor also hinted that there could be movement on the two-child benefit cap

Economics

5 d. ago Breakfasts at No 10: buttering up Labour MPs to avoid a budget backlash

Downing Street has been preparing MPs for going back on its manifesto pledge and raising income taxUK politics live – latest updatesIf Keir Starmer’s election campaign was carrying a ming vase across an ice rink, then this budget – according to one minister – is like “wrestling a squirrel across a minefield”.It is an allusion to the biggest risk for Rachel Reeves, not the markets or big business, but Labour MPs. It was those MPs who were the key audience for the chancellor’s highly unusual speech preparing the ground for possible income tax rises. Continue reading...

Politics

8 d. ago Rachel Reeves speech live: Chancellor to pave way for tax hikes in major pre

Speculation mounting that government’s promise to not hike income tax could be broken in Budget

Politics

8 d. ago Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breachRachel Reeves will lay the groundwork for a tax-raising budget that could break Labour’s election promise on income tax, in a major speech in which she will be “candid” about the tough choices ahead.The chancellor will give the speech as the markets open on Tuesday, when she will promise to make fair choices at this month’s budget but decline to repeat her manifesto pledge of no rise in income tax, VAT or national insurance. Continue reading...

Economics

3 w. ago Rachel Reeves is coming for your savings and investments with the biggest Isa shake

According to reports, savers could see their annual cash allowance slashed and be forced to invest a minimum amount in UK companies.

Economics

4 w. ago Rachel Reeves drops biggest hint yet on tax rises and spending cuts in Budget

Chancellor Rachel Reeves said 'of course, we're looking at tax and spending' as she scrambles to plug a black hole in the public finances estimated to be at around £50billion

Economics