6 h. ago Tories to propose £47bn cuts as conference focuses on ‘economic responsibility’

The party is seeking to distance itself from Liz Truss’s ill-fated package of tax cuts in 2022.

Economics

52 h. ago Rachel Reeves ready to target bloated asylum bill to plug £30bn black hole in next month's Budget

The Chancellor yesterday received the initial economic forecasts from the Office for Budget Responsibility (OBR) watchdog telling her how much she needs to raise to balance the books.

Economics

6 d. ago Reeves says she won’t take economic risks, hints at hard choices, and warns Reform will threaten living standards – UK politics live

Chancellor references chaos under Liz Truss but says some people ‘peddle idea we can abandon economic responsibility’In her Today interview Rachel Reeves was asked about a FT report saying she will urge business leaders to highlight the risks of a Reform UK government in her speech later.The FT say Reeves will tell the Labour conference.Who is standing up for Britain’s stability. A Labour government that is resolute in cutting interest rates and borrowing or a Reform party that cheered on Liz Truss’ mini-budget?Who is standing up for Britain’s businesses? A Labour government that is forging a closer relationship with our nearest trading partners or a Reform party that talks Britain down and is hungry to cut us off from the world? Continue reading...

Events

6 d. ago Rachel Reeves says Labour’s Youth Guarantee will ‘abolish long

Chancellor will make pledge at Labour party conference in echo of Gordon Brown’s flagship schemeReeves ended her LBC interview by saying that anyone saying the government should just borrow more “makes no economic sense”. That was in response to a question about Andy Burnham and his comments about the bond markets in an interview last week.Ferrari asked her if she was saying that Burnham was “Trussesque”.Anybody that says you can just borrow more – I do think that risks going the way of Liz Truss.I think there are lots of people who back Reform would be horrified by the thought that people who came to this country legally, are working and contributing, will be deported from this country. And we had to call out Reform for their policies. And this is a racist policy, and it’s a bad for our country, and we need to call that out. Continue reading...

Politics

7 d. ago Rachel Reeves on a collision course with Britain's economic watchdog as Chancellor 'mulls scrapping a spring forecast'

The Chancellor is said to be considering getting rid of the economic and fiscal outlook published by the Office for Budget Responsibility (OBR) each March.

Economics

9 d. ago Anas Sarwar attacks 'doom loop' UK watchdog over fears of £30bn of Budget tax rises

EXCLUSIVE: The Scottish Labour leader rounded on the Office of Budget Responsibility over its economic forecasts party figures believe are damaging the UK Government.

Economics