3 h. ago Tax fears grow as Rachel Reeves faces new £9billion black hole ahead of Budget

Allan Monks, UK economist at JPMorgan, told the Financial Times that even shaving 0.1 or 0.2 per cent from productivity would leave a hole of between £9billion and £18billion.

Economics

10 h. ago Savers pulled £70bn from pension pots last year, as fears mount of further Budget tax raid

The figures from the Financial Conduct Authority, the City regulator, marked a 36% increase on the previous year.

Economics

39 h. ago Fears of spike in food bills as firms warn Labour against another Budget tax raid... with ministers preparing to push through workers' rights law

An industry body said food and drink inflation could reach 5.7 per cent by the end of the year, pointing to the effects of the national insurance raid and new packaging taxes.

Economics

3 d. ago Rachel Reeves could fill a big part of the £50bn black hole WITHOUT cuts or punishing tax hikes, says Jeff Prestridge

Bond fund manager Bryn Jones has come up with a novel way for Chancellor Rachel Reeves to fill a big part of the £50bn black hole in the public finances without raising taxes.

Economics

4 d. ago Trump’s deportation hub: inside the ‘black hole’ where immigrants disappear

A Guardian investigation into the Alexandria, Louisiana, facility reveals a pattern of alleged due process violations, previously unreported accounts of neglect and abuse, documented health emergencies and long staysHe arrived in Alexandria exhausted and sick.It was early April, and Amilcar Lisser-Posadas – shackled at his hands and feet – had been transferred from a nearby immigration detention center to this remote US immigration facility in Louisiana. He feared it would be his last stop before deportation. Continue reading...

Events

4 d. ago FTSE 100 Live 12 September: Index near record as miners rally, UK economy fails to grow

New GDP figures today showed the UK failed to grow during July, adding to pressure on Chancellor Rachel Reeves.

Events

4 d. ago FTSE 100 Live 12 September: UK economy fails to grow, index nears record

New GDP figures today showed the UK failed to grow during July, adding to pressure on Chancellor Rachel Reeves.

Events

4 d. ago UK economy FLATLINED in July in new blow for Rachel Reeves as fears mount over Budget tax hikes to fill huge hole in public finances

UK plc was at a standstill in July, in more evidence of a slowdown that could heap more trouble on the Chancellor.

Economics

5 d. ago Black hole discovery validates Stephen Hawking’s research after five decades

Black holes may be the fiercest objects in the universe, yet we still know very little about them

Politics

6 d. ago John Gosden makes impassioned case on day of strike action over tax fears

‘The implications are very dangerous this will take the lifeblood out of the game’.

Events

1 week ago Telescope discovers 'exceptionally rare' galaxy crash – which could feed destructive black hole

Clever boffins have found a rare galaxy crash unlike any other previously located. The huge five-galaxy strong system could one day feed destructive black holes

Events

1 week ago Rachel Reeves scrambles to play down claims she's facing a £50bn 'black hole' in the public finances as under

The Chancellor also sought to dampen speculation she is poised to announce a fresh package of tax rises on British businesses and households.

Economics

1 week ago Reeves names last possible date for Budget as she eyes tax hikes to plug £40bn black hole

Sources tell The Independent the chancellor favours raising capital gains tax and introducing a gambling levy to plug the £40bn hole in public finances

Economics

1 week ago Universe's first known black hole discovered – and could 'change everything'

Scientists have said it could be a primordial black hole, predicted to exist by Stephen Hawking but never before seen, and said it could change what we know about the formation of the universe.

Politics

1 week ago Why Rachel Reeves’ landlord tax would make bad situation worse

David J Alexander says the latest plan to fill UK’s £50bn black hole would result in poor income generation and a worsening housing market

Politics

1 week ago Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

Economics

1 week ago Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Economics

1 week ago I haven't broken the economy, insists Reeves in desperate video plea amid bond market meltdown and fears of tax hike 'doom loop'... as she reveals Budget won't happen until November 26

Rachel Reeves attempted to calm markets by stressing her fiscal rules after interest rates on UK gilts crept up again this morning - having spiked to 27-year highs yesterday.

Economics

1 week ago Autumn Budget date set for November 26, Chancellor Rachel Reeves announces

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Politics

2 w. ago Readers' Letters: Edinburgh City Council could solved Swinney's cash problems

A reader has advice for John Swinney as he stares into a financial black hole

Politics