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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…
Prime minister defends government’s handling of economy but will not give assurances over not raising income tax, employee NI or VATEd Davey, the Liberal Democrat leader, has urged Keir Starmer to call Donald Trump to encourage him to use his influence…
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 …
More than £500m deposited with schools upfront by parents hoping to avoid taxMoney saved using schemes to avoid paying VAT on private school fees could be clawed back by the government, tax experts have said, after it was revealed that the schemes had …
KPMG says higher savings rates are fuelling move to challenger banks, specialist lenders and building societiesHigh street banks across the UK have lost the equivalent of £100bn in savings as more customers turned from traditional lenders towards onlin…
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 …
Chancellor says the government has ‘got to get the balance right on taxation’ after call by Anneliese DoddsA new civil service internship scheme will be open only to working-class students as part of a drive to make Whitehall better reflect the country…
Anneliese Dodds urges government not to duck ‘big decisions’ in autumn budgetUK politics live – latest updatesThe Treasury should consider a wealth tax to close the growing gap in the public finances, according to a Labour former shadow chancellor.Anne…
Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budgetBusiness live – latest updatesThe boss of HSBC has joined a growing chorus of bankers cautioning Rachel Reeves against increasing taxes on banks in …
PM could raise ‘tens of billions’ while positioning Britain as progressive, say Thomas Piketty and othersBusiness live – latest updatesKeir Starmer and Rachel Reeves have been urged by a group of the world’s leading economists to use the autumn budget …