13 h. ago Rachel Reeves looks for extra headroom in budget to insulate UK economy against bond market

Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rulesRachel Reeves v the OBR: chancellor aims to loosen the watchdog’s gripRachel Reeves is aiming to create more “headroom” against her fiscal rules in November’s tax-raising budget, to cushion the UK against volatile government bond markets.The chancellor met her first rule – to balance taxes and day-to-day spending – with £10bn to spare in last autumn’s budget, and again at her March spring statement. Continue reading...

Economics

20 h. ago Talk up UK economy or risk Farage, Treasury tells business leaders

Rachel Reeves is pushing a positive narrative on Britain in the run-up to her November Budget

Politics

26 h. ago Reeves urged to rule out pension tax raid as thousands sign petition

Rachel Reeves is under growing pressure to rule out a pensions tax raid ahead of the Budget.

Economics

44 h. ago Raising income tax is ‘least damaging’ option for Reeves, says think tank

An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).

Events

46 h. ago No more tax hikes! Rachel Reeves told 'bruised' business cannot take another 'Budget battering'

The British Chambers of Commerce (BCC) said confidence among employers remains stuck at three-year lows as fears of another round of tax hikes mount.

Economics

50 h. ago Reeves tells summit she has always felt she has ‘something to prove’ as a woman

The Chancellor told the Women in Work Summit in London she was determined to improve the lives of women through her work in Government.

Politics

68 h. ago High tax fears ahead of Budget sends business confidence to lowest level in three years

HIGH tax fears ahead of next month’s Budget have sent business confidence to its lowest level in three years, a survey shows.  Company bosses fear a Groundhog Day experience as concerns grow they will bear the brunt of another slew of punishing taxes.  Optimism levels appear to be in freefall as tax concerns hit profits growth, recruitment and investment plans.  Businesses have now...

Economics

2 d. ago Ministers barred from using emergency Treasury funds for public sector pay rises

The Treasury is limiting access to the reserve for departments ahead of the Budget.

Politics

2 d. ago No more bailouts to fund public sector pay rises, cabinet ministers warned

Labour chancellor Rachel Reeves tightens purse strings ahead of difficult Autumn Budget

Events

2 d. ago Taxman's blunder hands Reeves a £3bn boost: Borrowing figures were overstated due to faulty data

Chancellor Rachel Reeves (pictured) must find a way to fill an estimated £30bn black hole in the public finances at next month's Budget.

Economics

3 d. ago Chancellor given £2bn Budget boost after VAT error sees borrowing revised down

The ONS admitted that errors in VAT data meant that government borrowing estimates have been over-stated by between £200 million and £500 million.

Economics

3 d. ago Badenoch vows to abolish stamp duty as she closes Tory conference

She pledged a ‘golden rule’ on her budget plans, spending only half of any savings made through spending cuts, with the rest to reduce the deficit.

Politics

3 d. ago Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult budget next month

Economics

3 d. ago Boss of banking app Revolut joins Britain's billionaire exodus as he leaves London for Dubai after Labour's tax raids on the wealthy

Nikolay Storonsky's departure is embarrassing for Rachel Reeves, who just two weeks ago attended the opening of the Revolut's new London headquarters.

Economics

3 d. ago ONS revises down UK government borrowing by £2bn after VAT error

Statistics agency reduces estimate for current fiscal year weeks ahead of Rachel Reeves’ Budget

Economics

4 d. ago Three tax raids that Rachel Reeves could hit households with in the Autumn Budget, according to experts

WITH Chancellor Rachel Reeves set to announce her Autumn Budget next month, many will be wondering how it's going to hit their pockets. There are fears taxes will go up for households across the UK, as the government tries to fill a £30billion black hole in the public finances. Experts from Oxford Economists have this...

Economics

4 d. ago New plan for 'pension tax lock' as people rush to withdraw lump sum amid Rachel Reeves change fear

A new campaign is urging the Chancellor to introduce a Pension Tax Lock to help protect retirement savings and incentives

Economics

4 d. ago Rachel Reeves could target classic cars in Budget by axing 40

Shadow transport secretary Richard Holden says he is 'concerned' that the Chancellor could scrap vehicle excise duty (VED) exemptions for 40-year-old cars in next month's Budget.

Events

4 d. ago Rachel Reeves is coming under mounting pressure to rule out a 'knee

Speculation is mounting that the Chancellor may reduce the maximum amount savers can withdraw tax-free from their retirement funds - prompting some to pull cash out now.

Events

4 d. ago Covid fraudsters urged to pay up before December or face ‘hit squad’

The Government has pledged to hit perpetrators with fines of up to 100% of the value of the money they swindled from the taxpayer.

Events