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Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increasesBusiness live – latest updatesRachel Reeves will cut VAT to 5% on summer attractions such as theme parks and soft-play centres d…
MP says current system is unfair and his idea would result in a ‘wealth tax that works’UK politics live – latest updatesFormer health secretary Wes Streeting has set out plans for a “wealth tax that works”, by equalising tax on assets and income.Street…
Prime minister tells reporters reporters he would campaign personally in the contestThe Home Office has also published asylum figures this morning. These show that the number of asylum seekers being housed temporarily in hotels stood at 20,885 at the e…
Roots of idea for ‘ending neoliberalism’ have been growing over many months – with many different influencesManchesterism is “the end of neoliberalism”. That was the claim made by Andy Burnham in his campaign launch video this week – a film which made …
Chancellor has been under pressure to extend 5p temporary cut at an estimated cost to government of £2.4bn a yearUK politics live – latest updatesRachel Reeves is planning to cancel a rise in fuel duty this week when she unveils a package of measures t…
The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battleBusiness live – latest updatesUK economy records surprise 0.3% growth despite Iran warThe message from Rachel Reeves is clear. After Brita…
Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran warBusiness live – latest updatesAnalysis: Reeves says ‘if economy ain’t broke, don’t fix it’The chancellor has seized on official fi…
As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss moment”. As Keir Starmer faces a potential …
Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bankSign up for the Breaking News US newsletter email The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserv…
Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war on consumers, a thinkta…