3 d. 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

3 d. 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

8 d. ago Voices: When it’s Rachel Reeves vs Andrew Bailey, I know who my money’s on

The governor of the Bank of England's response to the chancellor trying to talk up the flagging jobs market is quietly devastating, writes James Moore

Politics

2 w. ago UK's military and spy services set for £330m AI tech boost to help track enemies

Hundreds of millions of pounds will be invested in cutting-edge drones and artificial intelligence for the military as part of Rachel Reeves' attempt to revive the flagging economy.

Events

2 w. ago Leaders on both sides of the border urge completion of Casement Park

A UK Government pledge of £50 million for the development of the west Belfast GAA stadium was included in Chancellor Rachel Reeves’ spending review.

Politics

2 w. ago Rachel Reeves's policies will see UK economy 'muddle through' for next two years, CBI warns

It marks the latest downbeat verdict on Ms Reeves's performance as Chancellor - and undermines Keir Starmer's claim that Labour has 'fixed the foundations of the economy'.

Events

2 w. ago Rachel Reeves's policies will see UK economy just 'muddle through' for the next two years, industry group warns

It marks the latest downbeat verdict on Ms Reeves's performance as Chancellor - and undermines Keir Starmer's claim that Labour has 'fixed the foundations of the economy'.

Events

2 w. ago Sir Sadiq Khan criticises Rachel Reeves over Spending Review

Sir Sadiq Khan criticises Rachel Reeves over Spending Review  BBC

Politics

2 w. ago Starmer: Spending review marks new phase after first year of ‘cleaning up mess’

Sir Keir Starmer said Labour spent most of its first year since winning power in July 2024 taking ‘tough but necessary decisions’.

Politics

2 w. ago Brits braced for tax rises as two thirds fear Rachel Reeves will need to hammer the public and firms or up borrowing to pay for Spending Review

Two thirds of voters (67 per cent) believe that the Chancellor's plans set out last week mean she will either hit them in the pocket or increase borrowing.

Economics

2 w. ago Treasury 'already drawing up tax rises for the Autumn' as grim poll shows just a fifth of Brits say Rachel Reeves had priorities right in Spending Review

Dividends and bank profits are among the areas being mooted for drumming up revenue to balance the books.

Economics

3 w. ago Voices: Rachel Reeves has bet all our money on Wes Streeting saving the NHS

With the cost of living and immigration being too severely impacted by outside factors, backing the NHS was the right choice – and delivering results on health is Labour’s best chance of winning the next election, writes John Rentoul

Economics

3 w. ago Why there's plenty to like in Rachel Reeves' Spending Review for Edinburgh

The Chancellor’s Spending Review announcements should be welcomed, writes Edinburgh City Council leader Jane Megaher.

Politics

3 w. ago Police 'won't prioritise phone thefts and shoplifting' with fewer bobbies on the beat as a result of Rachel Reeves' spending review, sources claim

The Chancellor's plans for a 2.3 per cent rise in police spending between 2023-24 and 2028-29 has dismayed police leaders, who insist the funding will leave a £1.2 billion shortfall.

Economics

3 w. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

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

3 w. ago Poorest Brits to benefit most from Rachel Reeves's Spending Review

The poorest Brits will benefit most from Rachel Reeves’s public sector spending spree but tax rises look likely in the autumn, think tank the Resolution Foundation has said

Politics

3 w. ago Britain on track to become a ‘National Health State’, says thinktank

Resolution Foundation says half of all public spending will be allocated to the NHS and social care by the end of the decadeBusiness live – latest updatesBritain is on track to become a “National Health State” where half of all public spending is allocated to the NHS and social care by the end of the decade, according to a leading thinktank.Rachel Reeves used her spending review on Wednesday to prioritise billions of pounds for the NHS as she outlined Labour’s priorities up to the next general election, while squeezing funding for other areas. Continue reading...

Events

3 w. ago Tax rises will come if economy shrinks further, IFS warns Rachel Reeves after Spending Review

The Spending Review delivered by Chancellor Rachel Reeves has had a mixed response.

Events

3 w. ago Voices: First the spending review, now the economy – what else lies in wait for Rachel Reeves?

Official figures showed UK plc plunged into the red in April, contracting by 0.3 per cent. There is no sugar-coating how bad of a result that is for the chancellor, writes James Moore

Economics