48 m. ago Reeves pledges to ‘grip cost of living’ in Budget as tax hikes expected

Chancellor Rachel Reeves is grappling with weak economic growth, persistent inflation and an expected downgrade to official productivity forecasts.

Economics

62 m. ago Rachel Reeves pledges to support working families and reduce waiting times with looming Budget

The chancellor is widely expected to raise levies on Wednesday to help close a multi-billion pound spending gap

Economics

31 h. ago Falling stock markets and high shop prices push US consumer confidence down; bitcoin hits nine

Rolling coverage of the latest economic and financial newsShares are falling faster than wickets in Perth at the start of trading in London, as fears of an AI bubble rip through markets again.Following losses on Wall Street last night, the FTSE 100 share index has dropped by 104 points, or just over 1%, at the start of trading to 9423 points. That’s a one-month low.it’s been a truly remarkable 24 hours, with a sequence of moves that were almost impossible to predict .After the world’s largest company reported spectacular results, the stock was up around +5% by 3pm London time. It closed down -3.15%. The broader market followed a similar pattern: the S&P 500 initially climbed +1.93%, only to fade and close down -1.56% as doubts about AI valuations crept back in. That marked the biggest intra-day swing for the S&P since the six days of extreme market turmoil that followed the Liberation Day tariffs in early April. Adding to the negative backdrop for crypto were lingering quest...

Economics

33 h. ago Markets on track for worst week since April, and bitcoin hits nine

Rolling coverage of the latest economic and financial newsShares are falling faster than wickets in Perth at the start of trading in London, as fears of an AI bubble rip through markets again.Following losses on Wall Street last night, the FTSE 100 share index has dropped by 104 points, or just over 1%, at the start of trading to 9423 points. That’s a one-month low.it’s been a truly remarkable 24 hours, with a sequence of moves that were almost impossible to predict .After the world’s largest company reported spectacular results, the stock was up around +5% by 3pm London time. It closed down -3.15%. The broader market followed a similar pattern: the S&P 500 initially climbed +1.93%, only to fade and close down -1.56% as doubts about AI valuations crept back in. That marked the biggest intra-day swing for the S&P since the six days of extreme market turmoil that followed the Liberation Day tariffs in early April. Adding to the negative backdrop for crypto were lingering quest...

Events

35 h. ago Use our income tax calculator to see how the Budget could affect YOU

HOUSEHOLDS may have been spared by an income tax hike, but there are still plenty of other ways YOUR pocket could be picked in the Budget. A stealth tax raid expected to be announced by Chancellor Rachel Reeves in her Budget next Wednesday is set to hammer households. Millions of workers and pensioners face being...

Economics

35 h. ago Markets on track for worst week since April as AI bubble fears mount; UK borrowing exceeds forecasts in October – business live

Rolling coverage of the latest economic and financial newsShares are falling faster than wickets in Perth at the start of trading in London, as fears of an AI bubble rip through markets again.Following losses on Wall Street last night, the FTSE 100 share index has dropped by 104 points, or just over 1%, at the start of trading to 9423 points. That’s a one-month low.it’s been a truly remarkable 24 hours, with a sequence of moves that were almost impossible to predict .After the world’s largest company reported spectacular results, the stock was up around +5% by 3pm London time. It closed down -3.15%. The broader market followed a similar pattern: the S&P 500 initially climbed +1.93%, only to fade and close down -1.56% as doubts about AI valuations crept back in. That marked the biggest intra-day swing for the S&P since the six days of extreme market turmoil that followed the Liberation Day tariffs in early April. Adding to the negative backdrop for crypto were lingering quest...

Economics

37 h. ago London travellers could face Eurostar price hikes after government hits Channel Tunnel with major tax increase

A three-fold jump in Channel Tunnel business rates threatens higher Eurostar fares for London travellers

Politics

2 d. ago Labour ‘planning council tax hike of 10% for millions’ avoiding referendum as some regions in UK set to reap more cash

LABOUR MPs are looking at hiking council tax by 10 per cent for millions of Brits in regions of the UK without a referendum, The i Paper reports. This will mean local authorities in London could raise their council tax rates above the 5 per cent cap that is currently set without public vote. The...

Economics

3 d. ago Starmer refuses to rule out freezing income tax thresholds in Budget

Starmer facing questions in Commons ahead of crunch Budget next week

Economics

3 d. ago Starmer to face final PMQs before Budget after rare boost for Rachel Reeves

Starmer facing questions in Commons ahead of crunch Budget next week

Politics

3 d. ago Reeves vows to cut cost of living after inflation boost before final pre

Starmer facing questions in Commons ahead of crunch Budget next week

Economics

4 d. ago Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

Economics

4 d. ago Rachel 'The Grinch’ Reeves has stolen Christmas from one fifth of us, say Brits

A week before her budget fears over tax hikes and price rises have led to 21% of folk cancelling festivities because they fear what Reeves may have up her sleeve

Politics

4 d. ago Pressure grows on Rachel Reeves not to raise Fuel Duty in Budget amid fears scrapping 5p

The Chancellor is considering a multi-billion pound raid on drivers as she scrambles to fill the black hole in the public finances and after she was forced to abandon plans to hike income tax.

Events

4 d. ago Pressure grows on Rachel Reeves not to raise Fuel Duty in next week's Budget

The Chancellor is considering a multi-billion pound raid on drivers as she scrambles to fill the black hole in the public finances and after she was forced to abandon plans to hike income tax.

Events

4 d. ago Rachel Reeve's ‘milkshake tax’ could hike these drinks prices

Rachel Reeves is set to announce what may be the presumed "milkshake tax" in an effort to fill her £20 billion budget 'black hole' after she reverses her decision to increase income tax

Economics

4 d. ago More than 90% of London firms fear impact of further Budget tax hikes

Half of London firms say they will be forced to freeze pay, pause bonuses, or halt hiring

Economics

4 d. ago Bank stocks tumble as Rachel Reeves 'could raid profits' in Budget after abandoning income tax hike

Barclays, Lloyds and HSBC shares were all down more than 2 per cent this morning as they headed a wider sell-off on markets.

Economics

4 d. ago Autumn Budget predictions from income tax to benefits and minimum wage

Rachel Reeves will deliver her second Budget on November 26 after weeks of speculation and leaks over possible tax hikes. Here The Mirror looks at what the Chancellor could announce

Economics

5 d. ago Labour's Budget 'circus' has crushed growth hopes, former BoE chief warns as markets get jitters over Chancellor's income tax hike U

Andy Haldane, who was chief economist at the Bank, delivered a scathing verdict on the shambolic process after the Chancellor's humiliating U-turn on hiking income tax.

Events