7 h. ago Starmer and Reeves promised honesty about public finances. Can they stay the course?

Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loomDuring the first televised debate in the run-up to last summer’s general election, Keir Starmer used a phrase that received enthusiastic – and unanticipated – applause from the Salford audience.“I don’t pretend there’s a magic wand that will fix everything overnight,” he told them. Labour strategists were surprised by the clapping, and encouraged him to deploy the line again in future. Continue reading...

Politics

17 h. ago Time for an emergency budget? Rachel Reeves facing fresh turmoil after GDP falls again

Sparking further warnings of a tax raid this autumn, the Office for National Statistics ( ONS ) said gross domestic product (GDP) contracted by 0.1 per cent.

Economics

17 h. ago Chancellor to open ‘front door’ for investors in UK with concierge service

Rachel Reeves will use Mansion House speech next week to launch growth plan for financial services sector

Economics

21 h. ago The National Trust to axe 550 jobs after Rachel Reeves' tax raid budget added £10million to charity's annual wage bill

The conservation charity said rising costs were outstripping growth in visitors and donations and it needed to reduce the pay bill as well as finding savings worth £26 million

Economics

22 h. ago Rachel Reeves’s growth mission is struggling to get off the ground

Editorial: The chancellor is said to be ‘disappointed’ after the UK economy unexpectedly shrank for the second month in a row in May, as well she might be

Events

24 h. ago Cash ISA limit update as 'decision made' ahead of Rachel Reeves speech

Speculation had been mounting that the annual tax-free allowance would be cut

Politics

27 h. ago Cash Isa allowance will NOT be cut by Rachel Reeves next week

The Chancellor will not cut the cash Isa allowance from £20,000 next week, This is Money understands.

Politics

28 h. ago Voices: The economy has shrunk yet again – but it’s not all doom and gloom...

The hangover from Trump’s tariffs at the start of the year is proving tougher to shake than expected, writes James Moore – but there is a slight silver lining

Economics

29 h. ago Rachel Reeves says May’s fall in GDP is ‘disappointing’; Trump tariffs knock markets – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

30 h. ago Business news live: Rachel Reeves reacts to ‘disappointing’ GDP figures, more lenders join sub

Stock markets updates and business news from Friday

Politics

30 h. ago Cash ISA £20,000 limit update after speculation ahead of Chancellor's speech

It's believed that Rachel Reeves will shift her focus

Economics

30 h. ago Rachel Reeves says GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

31 h. ago Major update on cash ISA changes as Martin Lewis urges Rachel Reeves not to make 'mistake'

Reports previously suggested that the Government has discussed lowering the threshold for the cash part of the ISA to as low as £4,000, in order to try and encourage people to invest

Politics

31 h. ago Cash Isa limits set to be left untouched at next week’s Mansion House speech

It is understood that Chancellor Rachel Reeves will focus on new plans to provide consumers with the information and support they need to invest.

Politics

31 h. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

32 h. ago UK on recession alert: Tax hike fears mount as GDP FALLS for the second month in a row

The grim figures heap pressure on the Chancellor, who has been hoping that growth can help her balance the government books.

Economics

32 h. ago Business news live: Economy figures ‘disappointing’ says Rachel Reeves, more lenders join sub

Stock markets updates and business news from Friday

Economics

32 h. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month running – business live

UK GDP falls by 0.1% in May, following 0.3% fall in April.US will impose 35% tariffs on Canadian imports, Trump says in letterFTSE 100 hit record high on ThursdayChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatlining growth in May highlights the ongoing pressures facing the UK ec...

Economics

33 h. ago UK economy shrinks unexpectedly by 0.1% in blow to Rachel Reeves

May’s fall in GDP fuelled by sharp declines in manufacturing and constructionAnalysis: Fall in UK GDP puts focus back on expectations of tax rises in autumn budgetBusiness live – latest updatesBritain’s economy unexpectedly shrank in May, fuelled by sharp declines in manufacturing and construction, in a blow for the chancellor, Rachel Reeves, amid speculation over tax increases.The Office for National Statistics said gross domestic product fell by 0.1% in May, missing City predictions of a 0.1% monthly expansion. Continue reading...

Politics

33 h. ago 'Ticking tax timebomb' warning as UK economy shrinks 0.1% in May in fresh blow to Rachel Reeves

The City had expected a 0.1% rise in GDP

Events