2 h. ago Rachel Reeves 'could raise tens of billions at Budget' without breaking major tax promises

Research by the Institute for Fiscal Studies comes as Parliament returns from the conference recess today with attention turning to next month's make-or-break Budget

Economics

9 h. ago Reeves could raise billions without breaking Labour pledges – IFS

The Government is under pressure to balance the books ahead of November’s autumn statement.

Politics

9 h. ago How the IFS says Rachel Reeves can raise tax and fill a £30bn black hole WITHOUT breaking her promises

The Chancellor may have to find up to £30billion in the Budget, but has pledged not to raise income tax, National Insurance or VAT.

Economics

9 h. ago Reeves must fix the tax system to raise tens of billions of pounds, says think

Institute for Fiscal Studies says reform of taxation is necessary to avoid damage to economy

Economics

50 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

3 d. 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

5 d. ago Kemi Badenoch paves the way for £25billion in tax cuts with new 'Golden Rule' for the economy

The Conservative leader will pledge to 'bring down the taxes stifling our economy' and reverse Labour 's 'borrowing and tax doom loop'.

Economics

1 week ago Readers' letters: Labour's funding pledges for Scotland are Trumpian fake news

Anas Sarwar’s call for a “new directionr “ for Scottish Labour fails to convince a reader

Politics

1 week ago London tax bombshell: 170,000 would be hit by stealth income threshold freeze extension

Rachel Reeves admitted during the Labour Party Conference that she no longer stands by her pledge last year not to raise taxes

Events

1 week ago On the day energy bills go up AGAIN... Ed Miliband vows to ban fracking and lashes out at Reform 'extremists' over Nigel Farage's pledge to scrap Labour's Net Zero drive

In a speech to Labour's conference in Liverpool, the Energy Secretary delivered a fresh Government attack on Nigel Farage 's party.

Economics

1 week ago Shabana Mahmood floats wider uses of new national ID card, after Labour pledged it would only be used to prove the right to work

The new national identity card could be used to crack down on benefits cheats and 'all sorts of other things', Home Secretary Shabana Mahmood has said.

Politics

1 week ago Streeting rules out Government imposing VAT on private healthcare

Chancellor Rachel Reeves has faced repeated questions about whether she will raise taxes, including VAT, when she delivers the Budget in November.

Politics

1 week ago Streeting vetoes Treasury VAT raid on private health that could have hit millions of families as Rachel Reeves desperate struggles for ways to raise tax

Health Secretary Wes Streeting moved to crush the idea being mooted within government amid fears it would have hit eight million families.

Economics

1 week ago Rachel Reeves signals plan to go back on ‘no tax rises’ pledge at Labour party conference

Rachel Reeves delivered her Labour party conference speech on Monday (29 September).

Politics

1 week ago Voices: Rachel Reeves must get it right this time and raise taxes

The chancellor must explain honestly that a better future for Britain cannot fund itself and that more taxes are inevitable, writes John Rentoul. But if she was overestimated when she took over the Treasury, she may be underestimated now

Politics

1 week ago Watch live: Rachel Reeves signals plan to go back on ‘no tax rises’ pledge at Labour party conference

Watch live as Rachel Reeves delivers her Labour party conference speech on Monday (29 September).

Society

1 week ago Rachel Reeves commits to VAT manifesto pledge ahead of keynote Labour conference speech: Live updates

The chancellor said ‘the manifesto stands’ when she asked to rule out a hike in VAT before her speech at the Labour Party conference in Liverpool today

Politics

1 week ago Rachel Reeves confirms she no longer stands by pledge not to raise taxes

Chancellor says ‘world has changed’ and UK not immune to effects of wars, US tariffs and higher borrowing costsUK politics live – latest updatesRachel Reeves has confirmed she no longer stands by a pledge last year not to raise taxes ahead of her speech to the Labour conference, saying “the world has changed” due to a mixture of conflicts, US tariffs and higher borrowing costs.In a series of broadcast interviews before she addressed the gathering in Liverpool, the chancellor strongly hinted, however, that VAT was not due to rise in November’s budget. Continue reading...

Economics

2 w. ago Rachel Reeves says Labour’s Youth Guarantee will ‘abolish long

Chancellor will make pledge at Labour party conference in echo of Gordon Brown’s flagship schemeReeves ended her LBC interview by saying that anyone saying the government should just borrow more “makes no economic sense”. That was in response to a question about Andy Burnham and his comments about the bond markets in an interview last week.Ferrari asked her if she was saying that Burnham was “Trussesque”.Anybody that says you can just borrow more – I do think that risks going the way of Liz Truss.I think there are lots of people who back Reform would be horrified by the thought that people who came to this country legally, are working and contributing, will be deported from this country. And we had to call out Reform for their policies. And this is a racist policy, and it’s a bad for our country, and we need to call that out. Continue reading...

Politics

2 w. ago Chancellor Rachel Reeves vows not to raise taxes on 'working people' in her Autumn budget

Chancellor vows to stand by Labour’s manifesto pledge not to raise taxes on working people - but leaves door open to changing VAT rules

Economics