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Price rise to three times original budget is a blow to government’s reservoir expansion plansStruggling Thames Water has said a new reservoir in Oxfordshire could cost more than three times the original budget, pushing the eventual cost to be covered b…
Growth of 0.3% is a positive sign but the chancellor still has major difficulties to confrontUK economy posts 0.3% growth in three months to JuneBusiness live – latest updatesBritain’s economy has defied the doomsayers. After growing strongly in the fi…
GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion in JuneBusiness live – latest updatesThe UK economy grew at a faster rate than expected in the second quarter, official figures show, despite a slowdown from a stro…
Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budgetThe Treasury is looking at ways to raise more money from inheritance tax amid growing pressure on the country’s finances ahead of th…
The NICs rise, tariffs and weak consumer spending have hit firms but there are crumbs of comfort for the chancellorBusiness live – latest updatesUK employers cut back on bonuses and hiringBritain’s jobs market is in a challenging position. Job losses a…
Housing campaigners say government look like hypocrites, with Rachel Reeves among those renting out propertiesMinisters who earn profits from privately owned property could be seen as hypocrites by voters who want to see the government’s promised rent …
Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levyThe chancellor and prime minister will begin to pitch-roll tax rises and reforms from September as part of a strategy to prepare the country for …
PM says he doesn’t recognise some figures in independent forecast that projects £51bn shortfall in public finances UK politics live – latest updatesKeir Starmer has sought to play down warnings that the government will be forced to raise taxes this aut…
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 …
City predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to global trade from Donald …