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July 20, 2025

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Economic policy

Reeves defends Labour’s £40bn tax rise as businesses prepare for NICs hike

Chancellor says autumn budget enabled £25bn of extra investment into NHS and shorter waiting lists Rachel Reeves has defended the £40bn in tax increases in autumn’s budget as businesses brace for their impact, saying NHS waiting lists would now be high…

April 2, 2025
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Starmer offered big US tech firms tax cuts in return for lower Trump tariffs

Exclusive: UK willing to placate Trump with lower digital services tax rate also encompassing non-US companiesBig US technology companies have been offered a significant tax cut by Keir Starmer in return for lower tariffs from Donald Trump’s administra…

April 1, 2025
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A sketch writers’ benefit? An April fool? Either way, big thanks to Mel and Kemi | John Crace

A press conference at Tory HQ at least had some entertainment value even if there was nothing of importance to sayThere was a time when you knew where you were with a press conference. You would go along on the assumption that the person or organisatio…

April 1, 2025
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Kemi Badenoch gives credence to race-swap conspiracy theory about Adolescence but admits she hasn’t watched it – as it happened

Conservative party leader says she believes show ‘is based on real story’, a claim described as wholly untrue by writer and co-creator of seriesRichard Hughes, chair of the Office for Budget Responsibility, is giving evidence to the Treasury committee….

April 1, 2025
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From Lincoln to Nixon, Trump’s not the first US president to shock the UK on trade

Lincoln blockaded southern cotton, McKinley hit Britain with tariffs and Nixon abandoned the gold standard: a quick history of transatlantic economic meddlingAfter the American civil war began in 1861, President Abraham Lincoln tried to hamstring the e…

March 30, 2025
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Reeves may have to find further cuts and tax hikes amid economic gloom

Rising costs and global uncertainty may force chancellor to turn to pensioners and wealthier taxpayersMinisters may have to target pensioners and wealthier taxpayers at the autumn budget, as senior government figures voiced fears brutal welfare reforms…

March 27, 2025
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‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – as it happened

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world eventsIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concer…

March 27, 2025
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Labour MPs condemn Rachel Reeves’s ‘unacceptable’ welfare cuts

Backbenchers express anger as impact assessment shows 3.2 million households will be worse off Spring statement 2025: key points at a glanceLabour MPs have accused the chancellor of making “devastating” and “unacceptable” welfare cuts after the governm…

March 27, 2025
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Housebuilder Vistry pins hopes on £2bn affordable homes promise as profits fall

Company suspends dividend payouts after shares dip by as much as 8% with profits down by more than a thirdBusiness live – latest updatesProfits at the UK housebuilder Vistry Group have slumped by more than a third in what it described as a “disappointi…

March 26, 2025
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Keir Starmer faces PMQs before Rachel Reeves delivers spring statement – UK politics live

Chancellor is expected to announce further welfare cuts when she outlines departmental spending plansRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as …

March 26, 2025
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