30 h. ago Reeves warned she will have to break manifesto commitment on tax to deal with economic black hole

Leading economists have questioned strategy of ‘fiddling around’ with new small taxes – such as the mansion and gambling taxes – to avoid economic crisis

Economics

59 h. ago 'Stop taxing everything': Big business bosses warn Chancellor Rachel Reeves ahead of Budget

Asda chairman Allan Leighton said the Treasury should invest in Britain rather than ‘taxing everything in some way, shape or form’

Economics

69 h. ago Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

Economics

3 d. ago Rachel Reeves warned hiking levies on landlords will 'hurt tenants' with increased rents and fewer homes amid fury at 'Baldrick' Chancellor's latest property tax raid

The Chancellor is reportedly considering a tax raid on landlords by imposing National Insurance on rental income as she looks to plug a £50billion spending hole.

Events

3 d. ago Landlords could face £2billion tax increase under Rachel Reeves plans to plug black hole

Labour insiders have suggested property income could be 'a significant potential extra source of funds' and landlords were a way of targeting 'unearned revenue'

Economics

3 d. ago Reeves ‘plots tax raid on landlords’ to help plug £40bn Budget black hole

Chancellor considers applying national insurance to rental income, according to reports

Economics

7 d. ago Scientists reveal the exact date the black hole at the centre of the Milky Way will erupt into life

Scientists have revealed the exact date that the supermassive black hole at the heart of our galaxy will erupt into life, and what will happen to Earth.

Science

8 d. ago Rachel Reeves set to launch 'stealth tax raid' on workers to help fill Labour's £50bn black hole in public finances

The Labour minister is reportedly set to introduce a six-year freeze on income tax thresholds rather than increasing them in line with the cost of living or inflation .

Economics

1 week ago Major retailers warn Reeves tax rises in autumn could push up prices

Some of the county’s biggest chains have signed a letter to the Chancellor sent by trade body British Retail Consortium.

Events

1 week ago Tesco, Sainsbury’s and Boots warn Rachel Reeves prices will go up

Major retailers have told the Chancellor what will happen after Budget

Events

1 week ago Rachel Reeves issued warning by Tesco, Sainsbury's and John Lewis over major tax rise plans

Chancellor Rachel Reeves' Labour government has been warned by UK retail heavyweights that its tax policies could undermine its key promise to raise living standards

Events

1 week ago Bosses of UK supermarkets and High Street chains warn Rachel Reeves that new business taxes will force them to hike prices in a fresh blow to Brits' living standards

Tesco, Sainsbury's, John Lewis, Morrisons, Aldi, Lidl, Ikea, Boots, JD Sports, Currys and Kingfisher are among those to have signed a letter to the Chancellor.

Economics

1 week ago Which tax rises could fill the £50bn black hole in Britain’s balance sheet?

The Independent looks at Rachel Reeves’ options as she looks to fill the gaping hole in Britain’s public finances this autumn

Economics

1 week ago Rachel Reeves' proposed property tax could hit pensioners hardest, experts warn

Rachel Reeves is reportedly mulling over the introduction of a new tax on higher-value properties, which experts warn could hit pensioners looking to downsize post-retirement

Events

1 week ago Love as a business deal? Whales, unicorns and why Materialists and Anora have a lot in common

Both films explore the forfeiting of love for the financial security of a rich man. Sadly, the theme resonates for many in these straitened economic times“Marriage is a business deal and it always has been.” So says Dakota Johnson’s Lucy, an elite Manhattan matchmaker in Celine Song’s second feature, Materialists. Lucy may be a modern woman, but her world looks eerily similar to the marriage mart of Jane Austen’s day. For Lucy and her clients, it is a truth universally acknowledged that a single man in possession of a good fortune must be in want of a wife. Or rather, a “high quality woman”, as Lucy would unironically put it.Materialists drops us head first into a world where coupling off with a partner is a purely financial endeavour; where foolish notions of love are not merely ignored, but deemed to be irrelevant; where women must choose passion or practicality. Continue reading...

Economics

1 week ago Rachel Reeves considers ‘mansion tax’ to fill Treasury black hole

The chancellor is seeking ways to raise cash in the face of dire warnings about the state of the public finances

Politics

2 w. ago Tax the rich more to fill black hole in public finances, Labour members tell Starmer

Exclusive: PM urged to conduct a ‘radical change of direction’ as the government attempts to plug gaps in the public finances

Economics

2 w. ago Gaucho restaurants CEO issues stark warning to Reeves over tax hikes

More than 80,000 jobs in the sector have disappeared since April’s National Insurance Contributions rise

Events

2 w. ago Britain braces for another tax bomb amid warnings UK economy is 'flashing red' as growth slows to 0.3 per cent while Rachel Reeves faces a £50bn black hole

The Office for National Statistics said gross domestic product grew by 0.3 per cent for the quarter after 0.7 per cent growth in the first three months of the year.

Events

2 w. ago Inheritance tax will apply to pension pots... even if workers die before retirement as Rachel Reeves tries to fill financial black hole

The Chancellor announced last year that retirement savings will be subject to the levy from April 2027.

Economics