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Taxes on track to hit a 70-year high and will be 4.7% higher than in 2019-20, says Resolution FoundationBudget 2023: key points at a glanceThe UK is investing too little and growing too slowly while living standards stagnate, a thinktank has said follo…
Measure over next three years will allow firms to write off costs of IT equipment and machinery against tax on profitsBudget 2023 live: reaction to Jeremy Hunt’s statementBudget 2023: key points at a glanceJeremy Hunt has launched a flurry of tax break…
Chancellor abolishes lifetime cap on amount workers can save in pensions without paying taxBudget 2023: key points at a glanceAccording to the Telegraph, Jeremy Hunt faces a Tory backlash over his decision to press ahead with the rise in corporation ta…
Biggest change to welfare system in a decade and extension of energy price guarantee among expected measuresJeremy Hunt is due to set out the government’s plans for tax and spending in his first budget on Wednesday. Meanwhile, the Office for Budget Res…
Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowingHomeowners in the UK are nearly £500 better off a year than renters, according to new research from Halifax.The average monthly cost of owning a three-b…
Opposition amendment to stop the government barring small boat arrivals claiming asylum defeated by 312 votes to 249Junior hospital doctors in England started a 72-hour strike this morning. My colleagues Denis Campbell and Aubrey Allegretti have the st…
Boss of packaging firm DS Smith calls for clarity on government’s long-term plans to decarbonise energyThe UK should “level up” its investment in green technologies to match the US and the EU, according to the chief executive of FTSE 100 packaging comp…
PM to press ahead with planned increase from 19% to 25% despite some Tory MPs’ hostilityRishi Sunak has insisted the UK will be able to lure foreign companies despite a planned rise in corporation tax, suggesting he will face down critical Conservative…
The chancellor has room for giveaways in this week’s budget, but business and consumer groups fear he will hold them back for the electionJeremy Hunt is under pressure to be generous when he delivers his first budget speech since he became chancellor l…
Harbour Energy says it had to cut jobs and investment after setting aside $1.7bn to cover windfall tax costs until 2028The North Sea’s biggest producer has hit out at the windfall tax on oil and gas companies after claiming a near 700% surge in profits…