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Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bnThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget …
Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wa…
Fabian Society says move ‘best available option’ for chancellor as she seeks to offset impact of weaker economic forecastsThe influential Labour thinktank the Fabian Society is urging Rachel Reeves to raise £12bn in next month’s budget by extending the…
Mayor of Greater Manchester says he would have to be ‘wrenched’ out of city and says he wants UK to rejoin EU. This live blog is closedAndy Burnham live in conversation – podcastIn her Today interview Rachel Reeves was asked about a FT report saying sh…
Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income taxRachel Reeves has been urged to take 2p off the rate of employee national insurance and add it to income tax in her autumn budget, to raise bi…
NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic …
Energy secretary says it is not clear if opposition have any net zero policy As Rowena Mason revealed recently, No 10 has issued guidance that in effect bans civil servants from any level of speaking at events where journalists are present.Today the Ti…
A plan by Oman is being closely watched by other governments in the region that are preparing for a future beyond oil.
Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growin…
Frozen tax thresholds mean extra 500,000 to be taxed at 40% on some income in 2025-26, HMRC figures showThe number of people in the UK paying income tax at the higher rate is expected to increase by 500,000 this tax year, to more than 7 million, accord…