7 d. ago Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

Economics

2 w. ago Is Labour smashing the first rung on the jobs ladder? IFS warns young people face being shut out of work as businesses reel from NICs raid and minimum wage hikes

The Institute for Fiscal Studies has raised concerns about 'long-lasting' effects on the careers of a generation as a result of the policies.

Events

3 w. ago Who is running Britain’s economy – Rachel Reeves or Donald Trump?

The chancellor’s careful calculations for her spring statement are likely to be blown out of the water by a looming US trade war• From more tax to rewriting budget rules: six alternative ways Reeves could raise moneyAs Rachel Reeves powered through her spring statement on Wednesday, telling the country she was “restoring stability to the public finances” few in the House of Commons chamber seemed to know what to make of it all.Reeves’s message did not seem to resonate with the underlying mood of uncertainty and anxiety at home and abroad. Many Labour MP nodded loyally along with her, trying to impress the whips. Others on the government benches looked grave. Growth forecasts for this year had been halved. Money would have to be raised to meet the chancellor’s own fiscal rules, and the poorest would be the ones bearing the brunt. Continue reading...

Politics

3 w. ago It's time we wiped the smirks off the smug little faces of all the benefit cheats pretending to be disabled. These scroungers should be ASHAMED

The Chancellor Rachel Reeves is, rightly, raising the bar on who can qualify for disability benefits. She may be wrong in a lot of respects, but on this I can't fault her.

Politics

3 w. ago Rachel Reeves must rethink fiscal rules as social security cuts will inflict real pain

Writing for the Record, Stephen Boyd of IPPR Scotland urges Rachel Reeves to consider alternative means to raise badly needed revenues for public services.

Events

3 w. ago Rachel Reeves 'likely' to raise taxes in Autumn, Institute for Fiscal Studies say

It comes after a difficult Spring Statement

Events

3 w. ago UK politics live: Rachel Reeves may raise taxes ‘even further’ in autumn budget, IFS warns

Ms Reeves has denied there would be further tax rises or spending cuts at the Budget in the autumn but stopped short of ruling them out entirely

Events

3 w. ago ‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – UK politics live

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world eventsIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move from welfar...

Politics

3 w. ago Trump tariffs: Britain scrambling to strike last minute deal to avoid 25% levies on car imports to US

The US president’s tariff on cars move came only hours after Britain’s budget watchdog warned the levies could force Chancellor Rachel Reeves to raise taxes or cut spending

Economics

3 w. ago Trump tariffs: Reeves says UK isn't planning to retaliate 'at the moment' after US President slaps 25% levies on car imports

The move came only hours after Britain’s budget watchdog warned Trump’s threatened tariffs on the UK could force Chancellor Rachel Reeves to raise taxes or cut spending

Politics

3 w. ago Donald Trump imposes 25% tariffs on car imports dealing new blow to UK and global economy

The move came only hours after Britain’s budget watchdog warned Trump’s threatened tariffs on the UK could force Chancellor Rachel Reeves to raise taxes or cut spending

Economics

3 w. ago Spring statement will lead to six months of ‘damaging speculation’, IFS warns

The Institute for Fiscal Studies said Rachel Reeves’ adherence to fiscal rules will lead to speculation about tax hikes in the autumn budget.

Events

4 w. ago Reeves wriggles on Labour's economic slump: Chancellor denies triggering UK plc's slowdown as she admits 'hard' decisions coming on '£15bn' cuts in Spring Statement

Touring broadcast studios days before her crucial fiscal package, Rachel Reeves was forced to deny crushing activity by hiking taxes and talking down the economy.

Economics