38 h. ago Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

Economics

39 h. ago Reeves faces £20bn hit to UK public finances from productivity downgrade

Bigger than expected reduction in OBR forecast deals blow to chancellor ahead of Budget

Economics

5 d. ago Chancellor Rachel Reeves 'is in active discussions about breaking Labour's manifesto pledge and putting a penny on income tax to fill £30billion budget gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

5 d. ago Rachel Reeves 'is considering breaking Labour's manifesto pledge with income tax rise to fill £30billion gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

7 d. ago Here comes my Budget... and you're not going to like it! Rachel Reeves braces Brits for more tax misery as she blames Brexit

Rachel Reeves admitted the economy is 'not working as it should' and she does not 'like' the situation as government borrowing hit a new post-Covid high.

Economics

1 week ago Reeves needs to fill £22bn hole in UK public finances, IFS says

Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26

Economics

2 w. ago Rachel Reeves makes major admission as Brits brace themselves for Budget

Chancellor Rachel Reeves insisted the 'numbers will always add up with me' as she prepares for the Budget on November 26. Economists have warned that she has a huge black hole to fill

Events

2 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

2 w. ago Rachel Reeves given warning over tax changes that could affect millions

Experts told the Treasury Committee that Chancellor Rachel Reeves may have to hike major taxes in next month's Budget to plug the black hole in the public finances

Events

2 w. ago Chancellor Rachel Reeves set to tax the rich to fill £30BILLION public finance black hole

Treasury sources have said the Chancellor will not significantly increase borrowing or cut public spending in this year's Autumn budget.

Economics

2 w. 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 w. 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

3 w. ago Reeves's Budget 'to loosen planning rules and mount £2bn tax raid on banks as well as raising VAT' in desperate attempt to balance the books

The Chancellor is scrambling to fill an estimated £30billion black hole in the public finances before she presents her next tax and spend package on 26 November.

Economics

3 w. ago Rachel Reeves 'to loosen planning rules again and hit banks for £2bn' as she scrambles to balance the books at her Budget

The Chancellor is scrambling to fill an estimated £30billion black hole in the public finances before she presents her next tax and spend package on 26 November.

Economics

3 w. ago Reeves braced for hole in UK public finances after productivity downgrade

New OBR forecasts set to spark fierce dispute between Labour and Conservatives

Politics

4 w. ago Australian film producers and experts call Trump tariff proposal ‘bizarre’ and impossible to enforce

US president threatens levy on all foreign-made films, but experts point out that the industry is global and Australia is intertwined with HollywoodFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe federal government has vowed to fight a proposed 100% tariff on Australian-made films after the US president, Donald Trump, posted on his social media platform that he planned to go ahead with the huge levy “on any and all movies made outside the United States”.Industry experts have described the proposal as bizarre and virtually impossible to enforce, given the global nature of film, with production, financing and post-production often spread across several countries. Continue reading...

Politics

4 w. ago Ordinary Brits brace for '£30bn' Budget hit as Rachel Reeves 'reassures businesses they won't be targeted again to balance the books'

Rachel Reeves is said to have given assurances to executives about how the estimated £30billion black hole will be filled during private sessions at the Labour conference yesterday.

Economics