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Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgradesUK borrowed less than expected in July in lift for ReevesBusiness live – latest updatesDespite a good month for the public finances, the Treas…
Chancellor and prime minister are latest in a long line of politicians who have tried to squeeze more out of UK property Rachel Reeves is in favour of radical tax reform – or at least she was in 2018. “We need a radical overhaul of the tax system becau…
Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insuranceUK politics live – latest updatesRachel Reeves is considering plans for a tax on expensive homes in an effort to raise billions of pounds a…
Exclusive: Treasury examines options including tax on homes sold for more than £500,000 as well as overhaul of council taxBusiness live – latest updatesThe Treasury is considering a new tax on the sale of homes worth more than £500,000 as a step toward…
NFU welcomes fresh evidence from tax researchers that planned changes may not target wealthiest landownersThe National Farmers’ Union (NFU) has called for a meeting with Rachel Reeves to discuss changes to Labour’s inheritance tax reforms, after fresh …
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…
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 …
People will be chosen via three-stage process, with government expected to accept around 50 migrants a week when scheme startsRushanara Ali, the homelessness minister, is facing criticism for hiking rent on a property she owns by hundreds of pounds, re…