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New deputy leader also calls on government to lift two-child benefit cap urgently and in fullLabour should stand by its manifesto commitment not to raise income tax, national insurance or VAT, its deputy leader, Lucy Powell, has said in a direct challe…
This blog is now closed, you can read more on this story hereReeves says welfare needs to be reformed.There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment. I put our pu…
Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breachRachel Reeves will lay the groundwork for a tax-raising budget that could break Labour’s election promise on income tax, in a major s…
Nigel Farage promised to set out his fiscal stall in a major speech in the City of London, but what did he actually say? Pippa Crerar and Kiran Stacey discuss Farage’s retreat from its election promise to cut £90bn of taxes, his failure to commit to th…
Leader’s speech offered most detailed explanation yet on party’s priorities on tax cuts, benefits, wages and pensionsNigel Farage has delivered a speech on his economic priorities. While it did not announce any new policies as such, it marked the most …
Party leader says proposal had been an ‘aspiration’ and accuses Tories and Labour of ‘wrecking the public finances’UK politics live – latest updatesNigel Farage has rowed back from his party’s election promise to cut £90bn of taxes, accusing Labour and…
Lib Dem spokesperson says Reform ‘trying to exploit incident for political gain’ and shadow home secretary’s remarks are ‘beneath contempt’Farage is speaking now. He says another “depressing budget hoves into view”. It will be a budget that “doesn’t ha…
Reform UK leader to set out ‘pro-entrepreneurship’ agenda while rowing back on tax cuts pledgeNigel Farage will promise a bonfire of business regulation as he spells out his party’s economic policies in more detail than ever in an attempt to bolster it…
Vote passes 51-47 in latest bipartisan effort to challenge tariffs, but House is unlikely to take any similar actionThe US Senate took a stand against Donald Trump’s global tariffs affecting more than 100 countries on Thursday, voting to nullify the so…
Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%The threat of higher taxes in next month’s budget and concerns about slowing economic growth pushed the pound to its lowest level against …