32 h. ago Reeves says welfare fallout ‘damaging’ and declines to rule out tax hikes

The Chancellor warned there would be ‘costs to what happened’ as she faced questions about how she would cover the shortfall left by concessions.

Economics

64 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

65 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

69 h. ago Currys' turnaround strategy pays off as group looks to automation and offshoring to beat Reeves' tax hikes

Currys is taking measures to mitigate tax hikes from Rachel Reeves' Autumn Budget. The group posted higher annual profits and sales on Thursday.

Economics

3 d. ago Business confidence remains weak after NI and wage cost hikes, says BCC

The British Chambers of Commerce urged the Government to rule out further tax hikes for firms later this year.

Economics

3 d. ago Reeves battles tears as Starmer declines to back her staying in post

The decision to scrap key parts of the welfare reform package has left the Chancellor facing the prospect of tax hikes to balance the books.

Events

4 d. ago UK car dealership giant slams Labour as it's hit by huge £30m 'Rachel Reeves tax hike'

The group said the increase in employer's National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise

Economics

5 d. ago Relief for Reeves as 0.7% growth is confirmed for first quarter of 2025 but economists warn slowdown is already hitting amid tax hike fears

Official figures showed the powerhouse services sector expanding by 0.7 per cent between January and March.

Events

7 d. ago Starmer told to rein in Rayner's workers' rights Bill as Tories warn the rule changes could lead to £1billion in tax rises

Sir Keir Starmer was told to rein in Angela Rayner 's new labour laws last night amid claims they could lead to a £1 billion tax hike.

Economics

8 d. 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

9 d. ago Bank governor flags signs that employment tax hikes are hitting pay and jobs

Andrew Bailey also said pay growth is easing but policymakers still need to ‘squeeze out’ stubborn inflation.

Economics

9 d. ago Starmer admits employer national insurance tax hikes piled pressure on British business

Keir Starmer said the government recognised it has ‘asked a lot’ of British firms since the general election

Economics

9 d. ago Keir Starmer defends Labour's tax hikes and employment rights red tape as business chiefs warn burden must NOT be increased again

Keir Starmer admitted the government had 'asked a lot' of firms as he addressed the British Chambers of Commerce conference in London .

Events

2 w. ago Tax hike fears mount after government borrowing jumps in May

The ONS said borrowing surged to £17.7 billion last month, the second highest figure on record for May

Politics

2 w. 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

2 w. ago UK transport secretary calls HS2 an ‘appalling mess’ as she confirms delay

Heidi Alexander vows to ‘sort out’ HS2 project; UK inflation dips to 3.4% as transport costs ease while food prices jumpUK inflation eases to 3.4% amid falling fuel and air fare pricesInflation pressures remain sticky in the UK, according to Rob Wood, chief UK economist at Pantheon Macroeconomics.Looking ahead, we continue to expect CPI inflation to average 3.4% for the rest of the year as strong wage growth, minimum wage hikes and tax increases pass through to retail prices. We think headline inflation will struggle to dip below 3% before April 2026. By that point, inflation will have been above target almost continuously for five years, risking further deanchoring of inflation expectations and persistent wage pressure.Granted, US president Trump’s trade war could lead to some diversion of Chinese exports previously bound to the US, which could cut UK inflation. But war in the Middle-East has boosted oil and natural gas prices, adding 10bp to our forecast inflation peak and risks p...

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 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

3 w. ago Rachel Reeves hit with headache after economy shrinks amid fresh fears of tax hikes

The Office for National Statistics said the UK economy shrank by 0.3% in April. Meanwhile, experts are warning that council tax bills will rise following Chancellor Rachel Reeves's spending review

Economics