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Real-terms gains of $33.9tn for world’s richest 1% ‘enough to end annual global poverty 22 times over’, charity saysThe wealth of the world’s 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equiv…
May figure second highest for month on record amid fears chancellor is struggling to keep within spending rulesBusiness live – latest updatesHigher tax receipts were unable to prevent a rise in public sector borrowing in May to £17.7bn, up from £17bn a…
Concerns raised that section 899 could backfire and also undermine dollar’s safe haven statusForeign investment into the US could be threatened by Donald Trump’s new “revenge” taxes, analysts have warned.A provision within the president’s One Big Beaut…
Surcharge was a Labour party manifesto commitment at the 2024 general electionThe high court has dismissed a wave of legal challenges against adding VAT to private school fees in the UK, saying that the government’s decision was a rare example of Brexi…
Blistering analysis by outgoing chief concludes chancellor likely to end up ‘gnat’s whisker’ away from tax risesYou can only conclude that Paul Johnson is demob-happy. The director of the Institute for Fiscal Studies is off to run an Oxford college in …
Chancellor says criteria for getting personal independence payment are being reviewedUK politics live – latest updatesRachel Reeves has ruled out a U-turn on disability benefit cuts but said she was “taking into account” representations from Labour MPs…
Resolution Foundation says half of all public spending will be allocated to the NHS and social care by the end of the decadeBusiness live – latest updatesBritain is on track to become a “National Health State” where half of all public spending is alloc…
Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credibleUK on track to become a ‘National Health State’, says thinktankRachel Reeves is now on ITV’s Good Morning Britain. Susannah Reid and Richard Madeley are…
Chancellor pledges to end spending on asylum hotels, as she contrasts Labour investment with Tory austerityUK politics live – latest updatesSpending review 2025: key points at a glanceFive charts underpinning Rachel Reeves’s decisionsRachel Reeves has …
NPCC’s Gavin Stephens says settlement in spending review will cover little more than inflationary pay risesSpending review: key points at a glanceGreen party MPs and activists joined a protest outside parliament today saying the government should use t…