4 h. ago UK could face up to £30bn of tax rises to fund defence spending boost, economist says

Sir Keir Starmer has vowed to boost defence spending to 2.7 per cent of GDP by 2027, as Nato allies push for ‘dramatic increase’

Economics

42 h. ago Forcing rich pensioners to pay back winter fuel allowance would be tax ‘nightmare’, Reeves warned

Chancellor expected to reinstate universal winter fuel payments - but claw grants back from some through higher taxes

Events

65 h. ago Reeves to stick to fiscal rules amid budget wrangles ahead of spending review

The Chancellor said there were ‘good things’ that would not be able to happen due to the tight spending settlement.

Economics

65 h. ago Rachel Reeves begs Cabinet to cool war over spending cuts and talks up transport investment

Chancellor Rachel Reeves acknowledged ministers will not get 'everything they want' in the spending review due next Wednesday.

Economics

3 d. ago Rachel Reeves warned child poverty will be higher at next election unless one choice is made

Eleven charities, including Citizens Advice, Save the Children UK, and Trussell, warn that the two-child limit has pulled 37,000 children into poverty since Labour took office

Events

3 d. ago Reeves warned on budget rules as OECD urges UK to boost tax revenues

Growth forecast for 2026 cut to 1% from 1.2% as Britain ‘faces substantial downside risks to growth’

Events

8 d. ago Cash Isa tax raid will hike cost of mortgages, Nationwide boss warns Reeves

Chief exec Debbie Crosbie said she was keen for the duty-free allowance to remain at £20,000 a year - as the lender reported a 30% jump in profits.

Economics

9 d. ago Police chiefs and MI5 warn Labour's plans to release prisoners early will 'risk public safety'

The heads of the Metropolitan Police , MI5 and National Crime Agency were among those who used a letter to the Ministry of Justice to raise their 'collective concerns'.

Events

1 week ago IMF warns Rachel Reeves could have to hike taxes again to balance the books amid Cabinet war over spending

Chancellor Rachel Reeves has welcomed the IMF's latest assessment nudging up the growth forecast for UK plc from 1.1 per cent to 1.2 per cent this year.

Economics

2 w. ago Martin Lewis warns savers of 'different restriction' despite Reeves backing down on Cash ISA shakeup

Chancellor Rachel Reeves has appeared to back down on plans to slash the cash Isa allowance, but money expert Martin Lewis has warned that savers shouldn't get too comfortable

Events

2 w. ago Brits battered by soaring prices in 'awful April': Inflation surges to 3.5%

Cabinet minister Steve Reed acknowledged the rise in inflation was 'disappointing' - while Shadow chancellor Sir Mel Stride blamed Rachel Reeves for the hike in inflation.

Economics

2 w. ago Martin Lewis warns savers to 'read between the lines' on Rachel Reeves' ISA changes

The Labour Chancellor had been expected to announce a cut in the amount that can be saved in a Cash ISA to £4,000 a year, but was forced to deny such a move this week

Events

3 w. ago US recession can’t be ruled out, Jamie Dimon warns, as UK tops G7 growth table – business live

UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruptionUK economy defies gloomy warnings to grow 0.7% in first quarter of yearChancellor Rachel Reeves has hailed today’s growth figures, pointing out that the UK expanded faster than other major economies in January-March.But Reeves is also cautioning that there is ‘more to do’:“Today’s growth figures show the strength and potential of the UK economy.“In the first three months of the year, the UK economy has grown faster than the US, Canada, France, Italy and Germany.UK: +0.7% growthCanada: estimated to have grown by 0.4%Italy: 0.3% growthGermany: 0.2% growthFrance: 0.1% growthUS: -0.075% (or -0.3% on an annualised basis)Japan: reporting tomorrow, -0.1% forecast Continue reading...

Events

3 w. ago Starmer’s former economic adviser warns Reeves will have to raise taxes

Labour prime minister and chancellor under pressure as US President Donald Trump’s tariffs continue to hit the UK, despite last week’s trade deal

Events

3 w. ago More than half of MSPs urge Chancellor to back major carbon capture project

Some 71 MSPs and 10 MPs from across the political spectrum warned Rachel Reeves that delaying Acorn will ‘jeopardise’ Scotland’s industrial sector.

Politics

4 w. ago Labour warned of 'fight of our lives' against Nigel Farage as Rachel Reeves is battered by MPs over UK's 'economic doom loop'

Cabinet Office minister Pat McFadden appealed for the party to pull together in 'a battle for the very future and the heart and soul of our country'.

Events

4 w. ago Chancellor Rachel Reeves on track to miss fiscal rules by £63billion, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research

Economics