Reeves admits Budget leaks were damaging and unacceptable
Rachel Reeves has condemned a series of Treasury leaks ahead of her recent Budget, calling them 'inaccurate, damaging, and unacceptable’. She insisted the disclosure suggesting that she had abandoned plans for an income…
Budget: the main headlines
Rachel Reeves has delivered her second Budget against a backdrop of weak economic growth, high inflation and tightening household finances. Seeking to raise revenue without triggering an inflation spike, she avoided the previously…
Budget: differing views about how to rescue the economy
Kemi Badenoch has warned that the country risks bankruptcy if Labour raises taxes without reducing welfare spending. She accused Rachel Reeves of planning a ‘stealth tax bombshell’ in the upcoming Budget to fund…
Two-child benefit cap to be scrapped?
Keir Starmer has given his clearest indication yet that his government intends to scrap the two-child benefit cap, strongly suggesting the change will be included in the forthcoming 26 November Budget. He said…
Chancellor lays the ground for a 1970s-style tax increase
Rachel Reeves has indicated she is willing to break Labour’s election pledges by raising income tax for the first time in half a century, prioritising what she called 'the national interest over political…
Starmer refuses to rule out raising income tax in budget
Keir Starmer has fuelled speculation that Labour may raise income tax in the autumn budget after refusing to reaffirm the party’s election pledge not to increase income tax, national insurance or VAT. Questioned…
UK economy: encouraging forecast by IMF
The IMF has forecast that the UK will be the second-fastest-growing economy among the G7 nations this year - behind only the USA - despite ongoing global trade tensions. The IMF projects UK…
Reeves set to lift two-child benefit cap in budget?
Rachel Reeves is expected to announce changes to the two-child benefit cap in November’s Budget, amid growing pressure to scrap the policy introduced by George Osborne under Conservative austerity measures. The cap currently…
Reeves rejects claims of £50bn 'black hole' in finances
Rachel Reeves has dismissed claims that she faces a £50 billion 'black hole' in the public finances. She insisted that reports about massive funding gaps were exaggerated, saying many commentators were 'talking rubbish'.…
Spring Statement: Reeves extends welfare cuts, OBR halves growth forecast
Rachel Reeves' Spring Statement revealed the Office for Budget Responsibility (OBR) has halved the UK's 2025 growth forecast from 2% to 1%. In response, Reeves announced deeper welfare cuts, including freezing the health…
