2 h. ago Labour's growth pledge lies in tatters and I fear there is worse to come, says HUGO DUNCAN

Keir Starmer and Rachel Reeves promised to make Britain the fastest-growing economy in the G7. But there was no growth at all in July. The economy is flatlining.

Politics

3 h. ago UK economy flatlined in July after sharp contraction in manufacturing

The manufacturing sector saw activity fall by 1.3 per cent

Economics

4 h. ago Economy flatlined in July after sharp contraction in manufacturing

The manufacturing sector saw activity fall by 1.3%.

Economics

4 h. ago Britain's 'stuck' economy flatlined in July with zero growth, ONS reveals

‘We know there's more to do to boost growth because whilst our economy isn't broken, it does feel stuck’ - Treasury spokesperson

Politics

4 h. 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 h. ago UK GDP: Economy flatlined in July with zero growth, ONS reveals

Britain’s economy flatlined in July with zero growth, the Office for National Statistics (ONS) revealed on Friday.

Politics

48 h. ago Rachel Reeves admits high taxes ARE hitting economy as she urges Cabinet to rein in spending to help fill '£50bn' hole in public finances at Budget

Chancellor Rachel Reeves said the burden 'does impact growth' - arguing that expanding UK plc is the only way to improve the public finances.

Economics

51 h. ago Rachel Reeves begs ministers to rein in spending to help fill '£50bn' hole in public finances at Budget

Chancellor Rachel Reeves has written to colleagues warning that they will not be bailed out by the Treasury if they fail to control costs.

Economics

69 h. ago Rachel Reeves hits out at 'unproven' wealth taxes as Labour deputy leader hopefuls and MPs urge her to soak the 'rich' to fill huge hole in public finances

Chancellor Rachel Reeves insisted there was no certainty about what revenue a new levy would bring in as she was confronted by an MP in the Commons.

Economics

8 d. 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

8 d. 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

8 d. ago Budget 2025: What taxes could Rachel Reeves put up and what does it mean for you

There is fevered speculation about the different taxes that might be in Chancellor Rachel Reeves' sights as she looks to plug a more than £20billion hole in the public finances

Economics

9 d. 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 Rachel Reeves admits Brits 'feel stuck' as dire poll finds nearly two

Chancellor Rachel Reeves is facing a brutal Budget reckoning this Autumn with warnings she has a black hole of up to £50billion to fill.

Politics

2 w. ago City fears mount that Budget will target banks to help fill £20bn fiscal hole

A tax raid on lenders would damage the government’s growth agenda, executives warn

Economics

2 w. ago Rachel Reeves set to launch 'stealth tax raid' on workers to help fill Labour's £50bn black hole in public finances

The Labour minister is reportedly set to introduce a six-year freeze on income tax thresholds rather than increasing them in line with the cost of living or inflation .

Economics

3 w. ago Bosses of UK supermarkets and High Street chains warn Rachel Reeves that new business taxes will force them to hike prices in a fresh blow to Brits' living standards

Tesco, Sainsbury's, John Lewis, Morrisons, Aldi, Lidl, Ikea, Boots, JD Sports, Currys and Kingfisher are among those to have signed a letter to the Chancellor.

Economics

3 w. ago Which tax rises could fill the £50bn black hole in Britain’s balance sheet?

The Independent looks at Rachel Reeves’ options as she looks to fill the gaping hole in Britain’s public finances this autumn

Economics

3 w. ago Chancellor Rachel Reeves suffers another blow as inflation jumps way more than expected

Demand for summer travel the frighteningly expensive grub prices have pushed inflation up by more than expected - to its highest level since January 2024

Economics

3 w. ago BBC Breakfast halted for devastating breaking news as viewers 'can't bear to watch'

BBC Breakfast's Ben Boulous delivered a breaking news update about UK inflation in a huge blow to Chancellor Rachel Reeves.

Politics