10 h. ago UK economy shrinks unexpectedly by 0.1% in blow to Rachel Reeves

May’s fall in GDP fuelled by sharp declines in manufacturing and constructionAnalysis: Fall in UK GDP puts focus back on expectations of tax rises in autumn budgetBusiness live – latest updatesBritain’s economy unexpectedly shrank in May, fuelled by sharp declines in manufacturing and construction, in a blow for the chancellor, Rachel Reeves, amid speculation over tax increases.The Office for National Statistics said gross domestic product fell by 0.1% in May, missing City predictions of a 0.1% monthly expansion. Continue reading...

Politics

11 h. ago Rachel Reeves tax grab to leave £4bn 'blackhole in public finances' and huge job losses

A study from the Centre for Economics and Business Research (CEBR) has found that non-doms who leave the UK instead of taking up Labour's less generous replacement will lead the tax take to be £4.6bn lower over five years.

Economics

29 h. ago A MILLION Brits face being dragged into higher tax rates costing £10bn amid fears Rachel Reeves will break her vow and extend hated 'stealth tax'

Fears are mounting that Chancellor Rachel Reeves will opt to extend the long-running stealth raid, as she faces an estimated £30billion hole in the government books.

Economics

2 d. ago Brits demand cuts to spending as £30bn Rachel Reeves tax raid looms

The public is demanding spending is cut, not taxes hiked, with Chancellor Rachel Reeves facing a battle to balance the books, fresh polling has found

Economics

3 d. ago Rachel Reeves warned 'fantasy' wealth tax would drive away investors and fail like Spain's as desperate ministers refuse to rule out left

Alarm is growing about Labour targeting entrepreneurs as the government frantically tries to balance the books.

Events

4 d. ago A wealth tax which would hit London hard is up to Chancellor Rachel Reeves, says minister

The Government is not ruling out new tax rises after a Labour revolt over welfare reforms blew a £5 billion hole in the Treasury’s spending plans

Politics

4 d. ago Imposing a wealth tax which would hit London hard is up to Chancellor Rachel Reeves, says minister

The Government is not ruling out new tax rises after a Labour revolt over welfare reforms blew a £5 billion hole in the Treasury’s spending plans

Politics

5 d. ago Even poorest OAPs face paying income tax in new stealth raid on state pension

Millions of Britain's poorest pensioners face being dragged into an 'old-age tax trap' as Chancellor Rachel Reeves desperately attempts to fill a growing black hole in the public finances.

Economics

6 d. ago Rachel Reeves refuses to rule out tax rises to cover scrapped welfare bill

Original welfare proposals had been part of a package expected to save up to £5 billion a year

Economics

6 d. ago Reeves refuses to rule out tax rises after ‘damaging’ welfare bill U

Original welfare proposals had been part of a package expected to save up to £5 billion a year

Economics

6 d. ago Raising a big tax is Rachel Reeves' only way of balancing the books to fill fiscal black hole, experts warn

It came as a damning new poll by YouGov showed that three-quarters of Britons believe Ms Reeves will smash Labour's vow by putting up one of the UK's main taxes.

Events

6 d. ago Rachel Reeves says she cannot rule out autumn tax rises after ‘damaging’ week

Exclusive: Chancellor says she never considered resigning and warns ‘there are costs’ to welfare bill U-turnRachel Reeves has said it is impossible for her to rule out tax rises in the autumn budget and insisted she never thought about quitting despite a turbulent week for her and the government.In an interview with the Guardian, the chancellor said “there are costs” to the watering down of the welfare bill and acknowledged it had been a “damaging” week for Downing Street. Continue reading...

Politics

7 d. ago Closure of 4 beloved Scottish pancake restaurants a 'huge shock' to staff amid 45 job losses

Hundreds of customers have shared fond memories after 50 years of business

Society

8 d. ago Voices: For crying out loud: are you ready for the ‘politics of pain’ about to hit us?

I once accused the PM and his chancellor of being too gloomy, writes John Rentoul. Turns out they were not gloomy enough – and they’ll have to lead the nation through another vale of tears

Politics

8 d. ago Which tax rises could Rachel Reeves introduce to pay for the £5bn welfare U

Labour’s pledge not to raise taxes on ‘working people’ leaves the chancellor with a limited number of workable options to fill the £5bn hole in the public finances left by this week’s welfare climbdown

Economics

8 d. ago Currys' turnaround strategy pays off as group looks to automation and offshoring to beat Reeves' tax hikes

Currys is taking measures to mitigate tax hikes from Rachel Reeves' Autumn Budget. The group posted higher annual profits and sales on Thursday.

Economics

9 d. ago Who WILL pay for Labour's benefits farce? Tax rises on the menu as Rachel Reeves faces finding 'tens of billions of pounds' in Budget as rebels urge her to squeeze the rich

The PM effectively tore up his benefits reforms, which had been due to shave £5billion a year off spirallling costs by the end of the Parliament - but will now actually increase spending by £100million.

Economics

9 d. ago Welfare cuts chaos: Tax rises loom within months after Starmer's 'shambolic' benefit reforms 'saved nothing'

Chancellor Rachel Reeves now faces a £5 billion hole in her tax and spending plans

Economics

1 week ago UK car dealership giant slams Labour as it's hit by huge £30m 'Rachel Reeves tax hike'

The group said the increase in employer's National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise

Economics

1 week ago When will Brits discover if they face Rachel Reeves tax rises after DWP and PIP u

After partially reversing the cuts to the Winter Fuel Allowance and then agreeing to an inquiry into the grooming gangs having previously said there was no need, Keir Starmer pulls a third U-turn

Politics