4 h. ago Reeves torpedoes Labour's manifesto in huge Budget tax gamble which could put Farage in No10

Commentary: The Chancellor has been so clear that she is going to torch the party’s manifesto tax promise that a U-turn now would stun Westminster

Economics

7 h. ago Reeves torpedoes Labour's manifesto in huge tax gamble which could put Farage in No10

Commentary: The Chancellor has been so clear that she is going to torch the party’s manifesto tax promise that a U-turn now would stun Westminster

Politics

42 h. ago Labour's flagship manifesto pledge on tax to be ripped up, Reeves makes clear ahead of Budget

The Chancellor said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to capital spending, something she indicated she will not do

Economics

46 h. ago Rachel Reeves gives strongest sign yet she WILL break Labour's manifesto vows on tax at Budget

Chancellor Rachel Reeves suggested the only way she could keep the promises not to increase income tax, national insurance or VAT was to cut investment - something she has ruled out.

Economics

50 h. ago Mutinous Labour MPs warn Rachel Reeves of electoral meltdown if she breaks manifesto pledge with 2p tax hike

Rachel Reeves has been dropping heavy hints that income tax could go up in the package on November 26 - despite the move being explicitly ruled out in the manifesto.

Events

55 h. ago Reeves to hammer London and South East with 2.8m facing Budget blow from 2p income tax rise

The Chancellor has been hit by a Labour revolt over breaking the party’s manifesto by raising income tax

Economics

4 d. ago Why breaking a manifesto promise on tax may be Labour's least

The government can raise taxes or make another possibly doomed attempt to cut spending, but what it cannot do is increase the national debt

Politics

4 d. ago Almost 9million pensioners to be hit by Rachel Reeves's income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

4 d. ago Almost 9million pensioners to be hit by Rachel Reeves' income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

5 d. ago 2p or not 2p? Rachel Reeves 'tells Budget watchdog she plans to break Labour's manifesto' as Chancellor mulls 'putting 2p on income tax while cutting 2p from National Insurance'

The Chancellor is said to have told the Office for Budget Responsibility (OBR) that a rise in personal taxation is one of the 'major measures' she is planning to announce.

Economics

5 d. ago Rachel Reeves reveals she's planning to increase income tax at the Budget

The move would break one of Labour’s core manifesto promises in an attempt to close the black hole in public finances Reeves’ government inherited

Economics

5 d. ago Labour's new deputy leader warns party not to break tax manifesto promise

Former Cabinet minister Lucy Powell says it is important for Keir Starmer's government to stand by the promises made before Labour's landslide election victory

Events

5 d. ago Labour’s new deputy leader warns Rachel Reeves not to break manifesto pledge and raise taxes

Keir Starmer’s new deputy, who replaced Angela Rayner, also demanded urgent action on the controversial two child benefit cap in the Budget

Events

5 d. ago Labour must stick to manifesto pledge not to raise key taxes, Lucy Powell says

The new deputy leader’s intervention could cause a headache for Chancellor Rachel Reeves, who has rolled the pitch for higher taxes at her Budget.

Politics

5 d. ago Labour civil war as new deputy leader warns manifesto vow not to hike income tax MUST be kept

Rachel Reeves and Keir Starmer have been dropping heavy hints that the pledge not to increase income tax, national insurance or VAT might be jettisoned at the Budget .

Events

6 d. ago Labour MPs turn on Rachel Reeves as Chancellor hints at breaking manifesto pledge not to raise income tax

The Chancellor hinted this week that she is considering a manifesto-busting rise in income tax as she grapples with a black hole in the public finances estimated at up to £30 billion.

Politics

6 d. ago 'She's attacking the wrong people!': Daily Mail readers stick the boot in to Rachel Reeves over tax hike plans... and predict what will happen next

Commenters were staunchly opposed to reports the Chancellor will go back on Labour 's manifesto promise not to increase taxes for 'working people' in her Budget on November 26.

Events

7 d. ago George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

Events

7 d. ago Chancellor under rising pressure amid warning UK finance blackhole must be plugged ‘with 2p income tax hike’

Rachel Reeves has given strong indications she will break Labour’s manifesto promise not to raise taxes on “working people” at her Budget on November 26

Events

7 d. ago Economic policy is one thing Nigel Farage can’t crib from the Donald Trump playbook | Rafael Behr

The Maga model, based on the US’s exorbitant market privileges, can’t be imported to Britain. That’s going to be a problem for Reform UKNigel Farage loves a gamble. In his 2015 memoir, The Purple Revolution, a whole chapter is dedicated to the then Ukip leader’s appetite for risk, how he indulged it in the City and how that prepared him for a career in politics.He boasts of the time he “lost a seven-figure sum of money in the course of a morning on the zinc market” before breezing off to the pub. He waxes nostalgic about the halcyon days of freewheeling finance, before “ghastly regulators” spoiled the fun; when “terrible cock-ups” could be written off because “decimal points and all those zeros can be tricky after a three-hour lunch”. Continue reading...

Politics