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Deputy leadership candidate says party needs to be ‘clear that our objective is to lift children out of poverty’Labour should consider raising taxes on gambling firms to cover the cost of lifting the two-child benefit cap, the party’s deputy leadership…
Chancellor’s invitation criticised as ‘strange timing’ with Treasury looking at whether to raise duties on £12bn sector The chancellor, Rachel Reeves, has been urged to cancel plans to be the guest of honour at an event hosted by the chief lobbyist of …
Financial experts express alarm after jump in sums people taking out of retirement pots amid ‘jitters’ about taxOlder savers should avoid making rash decisions about their pension cash based on “fear and rumour”, experts urged this week.The warning cam…
Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, have since gone underBusiness live – latest updatesUK taxpayers have lost £400m following the collapse of hundreds of startups backed by a heavily criticised Covid…
Annual August rate released as Bank of England considers holding interest rate at 4% to tackle rising pricesBusiness live – updatesUK inflation held steady in August, official figures show, maintaining pressure on households as the Bank of England prep…
Weaker growth outlook would set chancellor on course to break her fiscal rules without significant action in budgetThe Office for Budget Responsibility is expected to downgrade its key productivity forecast, the Guardian understands, setting Rachel Ree…
Thinktank says an ‘SUV loophole’ means UK buyers pay up to 20 times less tax on biggest models than in neighbouring nationsTaxing Britain’s SUVs in line with other European countries could raise almost £2bn a year for the public finances, research has …
TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5mBusiness live – latest updatesThe chief executive of Barclays has said the UK government needs to limit pay rises for public sector workers and resi…
Chancellor calls economy ‘stuck, not broken’ but there are signs her policies have added to the UK’s economic headwindsBusiness live – latest updatesUK economy flatlines in JulyBusiness rates rise putst big shops at risk, say retailers“Our economy isn’…
Concern for ‘anchor tenants’ as trade body warns that stores could put up prices or cut jobs to protect profitsUp to 400 large shops are at risk of closure with as many as 100,000 jobs at risk if the government goes ahead with plans to hit stores with …