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Exclusive: Ex-minister to call for wealth tax, and Andy Burnham to demand focus on housing and educationNext month’s spending review must be an “economic reset” based on a bold wealth tax and higher public investment, the former cabinet minister Louise…
Sale ends state ownership of the banking group, then known as Royal Bank of Scotland, after 2008 rescue The UK has sold its final shares in NatWest Group, ending 17 years of state ownership since the £45bn taxpayer bailout that saved the bank from coll…
IMF suggests chancellor could refine fiscal rules, but some fear policing and social housing face spending cutsThe Treasury is in a standoff with some ministers over proposed cuts to public services including policing and social housing, as the Interna…
Fund, which has been in UK assessing economy, upgrades growth forecast this year to 1.2% from 1.1%Business live – latest updatesRachel Reeves should loosen her fiscal rules to prevent the need for emergency spending cuts, the International Monetary Fun…
Charities and experts urge government to honour pledge on energy efficiency as it looks to pay for policy reversalPlans to reinstate the winter fuel payment will be undermined if the government presses ahead with mooted cuts to home insulation upgrades…
Chancellor hopes investment in homes, transport and energy will stave off pressure from MPs and discontent among publicRachel Reeves will put £113bn of new capital investment at the forefront of the spending review and argue that the billions of invest…
Exclusive: Flagship policy put back until at least autumn amid fears cost of removing two-child benefit cap will outweigh political benefitLabour’s flagship child poverty strategy has been delayed until at least the autumn, the Guardian has learned, ev…
April figure more than expected and comes despite chancellor’s increase in employment taxesThe UK government borrowed more than expected in April, underscoring the challenge for Rachel Reeves to fix public services and grow the economy while meeting he…
Memo from deputy PM to chancellor proposing eight potential measures highlights unease over spending plansUK politics live – latest updatesAngela Rayner urged Rachel Reeves to consider a series of wealth tax rises, it has been revealed, in a move that …
Huw Pill says rate cuts could fuel inflation resurgence and urges colleagues to be cautious before making further cutsBusiness live – latest updatesThe pace of UK interest rate cuts has been “too rapid” at a time when pay packet increases remain strong…