7 h. ago SNP ministers may be forced to slash public spending or hike taxes due to UK Budget 'hard choices'

The Fraser of Allander Institute estimated a 2p rise in UK income tax could cut Holyrood’s budget by £1 billion due to the fiscal arrangements between Holyrood and Westminster.

Politics

12 h. ago Rachel Reeves refuses to rule out painful tax rises as she warns of 'necessary choices'

In a rare speech three weeks before the event, the Chancellor warns of the need for "hard choices" and the "unsustainability" of the public finances ahead of the much-anticipated Autumn Budget

Events

12 h. ago Rachel Reeves to promise 'fairness' in budget as income tax hike speculation mounts

"You will all have heard a lot of speculation about the choices I will make. I understand that - these are important choices that will shape our economy for years to come.”

Economics

14 h. ago Rachel Reeves speech live: Chancellor to pave way for tax hikes in major pre

Speculation mounting that government’s promise to not hike income tax could be broken in Budget

Politics

22 h. ago Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

Economics

25 h. ago Sir Keir Starmer warns of ‘tough but fair’ decisions in Budget

The Prime Minister said ‘hard and serious’ choices were needed to fix Britain’s financial woes.

Events

6 d. ago John Swinney rules out income tax hike in upcoming Scottish Budget

The First Minister restated his commitment not to increase the tax

Economics

1 week ago Rachel Reeves urged to hike taxes on HOLIDAYS at the Budget with new green levies on flights to plug £30billion black hole

The Chancellor should consider a range of levies on aviation to ensure the sector pays 'its fair share' towards Britain's Net Zero targets, according to a new report.

Economics

2 w. ago Rachel Reeves warned tax hike in Budget could 'force mass closures of bingo halls' across UK

A wave of bingo halls have closed since the Covid crisis - and an industry chief claims a tax rise will kill off many more, after reports the Chancellor could double taxes on bettering firms to 30%

Events

3 w. ago Rachel Reeves given warning over tax changes that could affect millions

Experts told the Treasury Committee that Chancellor Rachel Reeves may have to hike major taxes in next month's Budget to plug the black hole in the public finances

Events

3 w. ago High tax fears ahead of Budget sends business confidence to lowest level in three years

HIGH tax fears ahead of next month’s Budget have sent business confidence to its lowest level in three years, a survey shows.  Company bosses fear a Groundhog Day experience as concerns grow they will bear the brunt of another slew of punishing taxes.  Optimism levels appear to be in freefall as tax concerns hit profits growth, recruitment and investment plans.  Businesses have now...

Economics

4 w. ago House prices FELL in September as Budget tax hike fears put property market on hold

Property prices are up only 0.3% since the start of 2025 and just 1.3% higher than they were in September last year.

Economics