7 h. ago Raise taxes or this government will fail, Rachel Reeves’s former top adviser warns

Exclusive: Ex-Treasury minister Jim O’Neill has warned Reeves will have to raise income tax, national insurance or VAT to fill the £5bn black hole left by the welfare climbdown

Events

25 h. ago Raising a big tax is Rachel Reeves' only way of balancing the books to fill fiscal black hole, experts warn

It came as a damning new poll by YouGov showed that three-quarters of Britons believe Ms Reeves will smash Labour's vow by putting up one of the UK's main taxes.

Events

44 h. ago Trump's '2 billion farms' gaffe at Iowa event raises mental clarity concerns amid tax bill claims

Donald Trump was speaking at the 'Salute to America' celebration in Iowa on Saturday, when he made the false claim that 2 billion farms will be saved in the tax bill

Politics

59 h. ago Reeves 'could be forced into £40BILLION of extra tax hikes' by 'perfect storm' of stalling economy and Labour's benefits shambles

Chancellor Rachel Reeves is trying to move on after her outburst of emotion during PMQs yesterday.

Economics

59 h. ago Which tax rises could Rachel Reeves introduce to pay for the £5bn welfare U

Labour’s pledge not to raise taxes on ‘working people’ leaves the chancellor with a limited number of workable options to fill the £5bn hole in the public finances left by this week’s welfare climbdown

Economics

60 h. ago Reeves 'could be forced into £40BILLION of extra tax hikes' by stalling economy and Labour's benefits shambles

Chancellor Rachel Reeves is trying to move on after her outburst of emotion during PMQs yesterday.

Economics

64 h. ago Keir Starmer LIVE: PM to give major speech after Rachel Reeves seen crying

Keir Starmer has admitted that the last few days have been tough after he was forced to tear up welfare reforms and Chancellor Rachel Reeves was seen crying in the Commons at PMQs

Politics

3 d. ago Bosses at Glasgow council live entertainment firm awarded nearly £120,000 in bonuses

EXCLUSIVE: The top ups were awarded despite the council having to make cuts and raise tax.

Economics

6 d. ago Trump threatens to cut off New York City funds if Mamdani ‘doesn’t behave’

Democratic mayoral candidate denies Trump’s accusation that he is communist while reaffirming push to tax wealthyDonald Trump on Sunday threatened to cut New York City off from federal funds if favored mayoral candidate Zohran Mamdani, a democratic socialist, “doesn’t behave himself” should he be elected.Mamdani, meanwhile, denied that he was – as the president said – a communist. But he reaffirmed his commitment to raise taxes on the wealthiest New Yorkers while saying: “I don’t think that we should have billionaires.” Continue reading...

Politics

8 d. ago Reeves expected to freeze income tax thresholds to raise funds after welfare U

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

8 d. ago Starmer ‘must hike taxes’ to plug £4.5bn black hole after welfare U

Sir Keir Starmer’s U-turn now leaves the government with a choice between raising taxes or cutting spending elsewhere

Economics

8 d. ago Reeves 'set to raise taxes' to fund Starmer benefits surrender: PM says he is 'pleased' after Labour revolt forces guarantee that NO

Keir Starmer claimed he had 'listened' in making major concessions to rebels threatening to kill flagship legislation on health and disability benefits.

Economics

8 d. ago Reeves expected to freeze income tax thresholds to raise fresh funds

Government’s U-turn on welfare cuts leaves chancellor with a growing hole in her budgetBusiness live – latest updatesRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

8 d. ago Reeves 'set to raise taxes' to fund Starmer benefits surrender that will not strip ANYONE of their handouts and blows another hole in UK finances

Keir Starmer has handed major concessions to rebels in a desperate bid to salvage flagship legislation on health and disability benefits.

Economics

1 week ago MAIL ON SUNDAY COMMENT: Dogma cares little for the state of Britain's economy

MAIL ON SUNDAY COMMENT: This country's economy is now in serious peril. This is not only because the Government is nudging at the very outer limits of what it can raise in tax and borrowing.

Politics

2 w. ago Pressure grows on Reeves to raise taxes as borrowing hits £17.7bn in May

The borrowing was the highest on record for May outside the pandemic

Economics

2 w. ago Principal of Queen's College accuses Rachel Reeves of damaging female equality after her school fees VAT hike forces all

The Principal of Queen's College in London (pictured) has accused Chancellor Rachel Reeves of damaging female equality after her private school fees VAT hike.

Politics

2 w. ago Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rulesRachel Reeves is braced for revised forecasts by the Office for Budget Responsibility (OBR) to blow a £20bn hole in her tax and spending plans before the autumn budget.Even without changing the totals the chancellor set out in her spending review on Wednesday, a weaker forecast from the the Treasury’s independent watchdog could force her to find significantly more money at the budget to meet her “non-negotiable” fiscal rules. Continue reading...

Economics

3 w. ago Tax hikes will force retailers to push up prices, cut jobs and halt shop openings retail chief warns Rachel Reeves

The latest alert was issued by Andy Higginson, the chairman of JD Sports and the British Retail Consortium industry group.

Events

3 w. ago Reeves will be forced to raise taxes this autumn, economists predict

UK chancellor warned ‘something important may have to give’ to fill expected fiscal hole

Economics