13 h. ago Reeves sets sights on Motability to save £1billion in Budget: Will Chancellor scrap tax breaks for disability car scheme users?

The Chancellor is considering scrapping tax breaks which spare Motability's 860,000 users from having to pay VAT or insurance premium tax on their leased vehicles.

Economics

14 h. ago Chancellor says she ‘can’t leave welfare untouched’ this parliament as budget looms

Rachel Reeves understood to be eyeing cuts to Motability scheme as she tries to plug hole in country’s financesRachel Reeves has said she “can’t leave welfare untouched” this parliament, with the Treasury understood to be considering axing up to £1bn in tax breaks for a scheme providing cars for disabled people.The chancellor set out her thinking on welfare before next month’s budget in an interview, having previously said she would need to make cuts and raise taxes. Continue reading...

Politics

16 h. ago Rachel Reeves considers major change to Motability scheme to save £1billion

Chancellor Rachel Reeves is looking at scrapping tax breaks, which allows cars leased under the Motability scheme to be exempt from VAT or insurance premium tax

Economics

16 h. ago Government crackdown on car industry perk could drive up used car prices

Employee Car Ownership Schemes set to be targeted by HMRC, but it could hurt industry, government revenue and car buyers

Politics

22 h. ago Chancellor warned businesses are at breaking point as another 2,000 go bust

The Chancellor must avoid piling further pressure on British businesses at the Budget after another 2,000 firms went bust last month, restructuring experts have warned.

Events

34 h. ago Taxi for Labour! Ministers are 'running out of road' and plotting to slap VAT on cab fares, Tories warn

Labour has refused to rule out slapping VAT on private hire fares, sparking speculation the Chancellor will clobber cabbies at the Budget. Industry experts expect such a tax to raise £750million a year.

Events

35 h. ago Reeves plots tax raid on Middle England: Fears grow that Chancellor will target savings, pensions and property as she suggests Brits with the 'broadest shoulders' will pay billions more

As official figures showed the economy flatlined over the summer, the Chancellor laid the ground for a Budget that will target the better-off.

Economics

35 h. ago Raising VAT would cut spending power TWICE as much as raising income tax, Rachel Reeves is warned

The Chancellor has been warned that raising VAT in the Autumn Budget would have a more detrimental effect on the economy than income tax hikes.

Events

36 h. ago Tax raid to fall on 'broadest shoulders': Fears grow that Rachel Reeves will target savings, pensions and property

As official figures showed the economy flatlined over the summer, the Chancellor laid the ground for a Budget that will target the better-off.

Economics

47 h. ago Number of children in temporary accommodation almost double Wembley capacity

Campaigners are calling on Chancellor Rachel Reeves to unfreeze housing benefit in the Budget.

Politics

50 h. ago Chancellor facing further Budget challenges after muted economic growth

The ONS said GDP rose by 0.1% in August and fell by 0.1% in July, in a revision to the previous estimate for no growth.

Economics

59 h. ago Reeves faces Budget ‘groundhog day’ without bold action, says IFS

The think tank said it expects the Chancellor will need to find at least £22 billion next month.

Politics

59 h. 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

3 d. ago New Martin Lewis update on £700 car loan compensation due next year

Around 14 million people have been mis-sold car finance and due a payout from a mass redress scheme.

Economics

3 d. ago Chancellor Rachel Reeves hints she's looking for tax rises and spending cuts in upcoming Budget

Chancellor Reeves fails to accept responsibility for economic woes as she blames impact of Brexit, austerity policies and ex-PM Liz Truss's mini-budget

Economics

3 d. ago Reeves urged to overhaul tax system and hike levies in breach of manifesto

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

Politics

3 d. ago The true cost of Labour: Britain faces highest inflation in G7 but lags behind on growth, warns IMF... while unemployment hits a four

In a setback for Rachel Reeves ahead of the Budget next month, the global watchdog forecast UK inflation of 3.4 per cent this year and 2.5 per cent in 2026.

Events

3 d. ago I fear Rachel Reeves is coming for your savings in the Budget but I've seen the fatal flaw: SYLVIA MORRIS

There are fears of cuts in Rachel Reeves' Budget on November 26. Let's hope the Chancellor sees sense.

Economics

3 d. ago I fear Rachel Reeves is coming for your savings in her Budget... but I've seen the fatal flaw in her plan. This is how you can protect yourself and your money: SYLVIA MORRIS

There are fears of cuts in Rachel Reeves' Budget on November 26. Let's hope the Chancellor sees sense.

Economics

4 d. ago Young people are biggest victims of UK’s fragile jobs market

Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert saysUK labour market shows signs of stabilising after job lossesBusiness live – latest updatesSo much about the UK jobs market is influenced by Rachel Reeves. Without overdoing the blame, say many experts, the chancellor’s tough budget last year and the likelihood of a repeat next month hangs over employers and how they recruit and pay staff.The latest official figures show a rising number of young people out of work in the three months to August. More broadly, unemployment rose to a four-year high and the number of vacancies fell. And then there was the stubborn increase in the public sector wage bill, which outpaced the much more modest increase in private sector wages. Continue reading...

Events