7 h. 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

7 h. 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 h. ago The tax hikes Rachel Reeves could impose to plug the benefits U

Britons are on high alert for further tax hikes after Starmer's latest U-turn on proposed changes to benefits.

Politics

10 h. 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

55 h. ago SNP ministers to axe public sector jobs as near £5bn funding black hole emerges

Shona Robison has warned compulsory redundancies will be considered if “no other route” to cutting jobs is available in order to balance the books.

Politics

2 w. ago 'Ramp up defence spending or start learning Russian': NATO boss Mark Rutte's chilling warning as he piles pressure on Keir Starmer to hike military budget by £30BILLION

Mark Rutte issued the chilling message while in London for talks with PM Sir Keir Starmer , ahead of a NATO summit later this month.

Events

2 w. ago Nato chief will heap pressure on Keir Starmer to agree £30BILLION hike in defence spending at meeting TODAY

Mark Rutte is set to hold talks with the PM in London and deliver a speech warning of the need for a 'quantum leap' in investment.

Economics