5 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

8 d. ago Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting

Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hikeThe chancellor, Rachel Reeves, told a fossil fuel company the industry would receive a “quid pro quo” in return for higher taxes on its windfall profits, it can be revealed.In a meeting with the Norwegian state energy company Equinor on 27 August, Reeves suggested that the government’s carbon capture, usage and storage (CCUS) subsidies were a payoff for oil firms being hit with a higher tax rate. Continue reading...

Economics

1 week 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

2 w. ago Tories demand OBR steps in to scrutinise Rachel Reeves' spending plans amid alarm that her sums don't add up without tax hikes

Conservative MP Gareth Davies, the shadow financial secretary to the Treasury, called for the watchdog to assess Chancellor Rachel Reeves' proposals.

Economics

2 w. ago Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves

In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’

Events

2 w. ago A reckless splurge we (and our children) will be paying off for years: Voters brace for tax hikes as Rachel Reeves embarks on unprecedented spending spree

In a return to Labour's tax-and-spend approach, the Chancellor set out plans to 'invest' a staggering £4 trillion to fund 'the renewal of Britain'.

Economics

2 w. ago Spend now, tax later! Rachel Reeves splurges on NHS and Net Zero... despite fears she has no idea where the money is coming from

Unveiling the Spending Review in the Commons, Chancellor Rachel Reeves claimed she is 'renewing Britain'.

Economics

2 w. ago Brits on high alert for tax hikes as Rachel Reeves unveils spending plans: Chancellor splurges on NHS and Net Zero... despite fears she has no idea where the money is coming from

Unveiling the Spending Review in the Commons, Chancellor Rachel Reeves claimed she is 'renewing Britain'.

Economics

2 w. ago Labour splashes the cash but who's going to pick up the bill? Brits warned of looming tax hikes as Rachel Reeves lays out 'unrealistic' spending plans TODAY

The Cabinet is set to sign off the spending review before the Chancellor announces the details in the Commons at lunchtime.

Economics

3 w. ago Starmer defies Labour clamour for tax hikes to fund more welfare as he hints at winter fuel allowance move soon

Keir Starmer poured cold water on left-wing demands for 'wealth taxes' to fund spending on benefits and service, arguing that the burden is already 'high'.

Economics