Labour's borrowing costs surge 'worse than Liz Truss chaos': Rachel Reeves faces spending crisis after interest rates hit 27-year high on fears of 'Stagflation'
21 hours, 1 minute ago

Labour's borrowing costs surge 'worse than Liz Truss chaos': Rachel Reeves faces spending crisis after interest rates hit 27-year high on fears of 'Stagflation'

Daily Mail  

Rachel Reeves has been warned that the spike in UK borrowing costs is worse than the crisis that ended Liz Truss's premiership. The interest rate on 30-year gilts - the government's long-term financing vehicle - approached 5.25 per cent yesterday, the highest level for 27 years. Rachel Reeves has been warned that the spike in UK borrowing costs is worse than the crisis that ended Liz Truss 's premiership The interest rate on 30-year gilts - the government's long-term financing vehicle - approached 5.25 per cent yesterday, the highest level for 27 years Sunaina Sinha Haldea of financial services firm Ramond James told the BBC Radio 4 Today programme there were concerns that inflation was 'sticky' even as growth stalls - known as 'Stagflation'. 'It's interesting to note that these interest rate costs if we sustain them at the nearly 5.25 per cent it hit on Tuesday it erases the room for extra borrowing that he Chancellor and this government would like to set in its own Budget rules and it needs to do in order to enact its own growth plans.

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History of this topic

Reeves spending review ‘to be next big challenge’ as growth flatlines
1 week, 6 days ago

Reeves spending review ‘to be next big challenge’ as growth flatlines

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “She’s not given herself huge wiggle room against her fiscal targets and the spending plans …

How long will Rachel Reeves last? Labour gloom has put Britain on brink of recession, says MAGGIE PAGANO
Trending News
2 weeks, 1 day ago

How long will Rachel Reeves last? Labour gloom has put Britain on brink of recession, says MAGGIE PAGANO

Daily Mail  

Britain is on the brink of recession. What’s more, living standards may be revised lower still as officials update the net migration numbers next month. If that’s not bleak enough, recruiters warn the UK is already in a ‘hiring recession’, while the Confederation of British Industry says we are facing ‘the worst of all worlds’ with companies reducing output, cutting …

Is Rachel Reeves’ spending review a veiled return to austerity?
4 weeks ago

Is Rachel Reeves’ spending review a veiled return to austerity?

The Independent  

Today’s clash between ministers and trade unions over public sector pay – after the government recommended a 2.8 per cent rise for teachers, NHS workers and civil servants – was always going to happen. Unions viewed this summer’s generous increases as merely the start of “catching up” after restraint since 2010 which saw public sector workers fall behind those in …

UK interest rates ‘to fall more slowly’ after tax rises and spending hikes in Rachel Reeves’ Budget
1 month ago

UK interest rates ‘to fall more slowly’ after tax rises and spending hikes in Rachel Reeves’ Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates will fall more slowly than expected following the …

It's official... Rachel Reeves DID deliver the biggest tax-raising Budget on record: OBR watchdog's database shows Chancellor hiked the burden by £41.5bn - MORE than Norman Lamont's notorious 1993 rai
1 month, 3 weeks ago

It's official... Rachel Reeves DID deliver the biggest tax-raising Budget on record: OBR watchdog's database shows Chancellor hiked the burden by £41.5bn - MORE than Norman Lamont's notorious 1993 rai

Daily Mail  

Rachel Reeves has been handed an unwanted historical distinction - as official figures showed her Budget was the biggest tax-raiser on record. Rachel Reeves has been handed an unwanted historical distinction - as official figures showed her Budget was the biggest tax-raiser on record The OBR keeps a database of Budget measures based on the value they were 'scored' at …

Why Britain’s inflation nightmare may not be over
2 months ago

Why Britain’s inflation nightmare may not be over

The Telegraph  

Rachel Reeves’s record tax-raising Budget will be bad news for homeowners with mortgages, according to the Bank of England. Threadneedle Street has warned that interest rates are expected to fall more slowly because of Reeves’s inflationary Budget, keeping mortgage repayments higher for longer. Rising costs for employers and a big rise in government spending means inflation will now take a …

Chancellor Rachel Reeves’ Budget clears first House of Commons hurdle
2 months ago

Chancellor Rachel Reeves’ Budget clears first House of Commons hurdle

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves’ Budget, which she …

UK debt woe as borrowing costs surge again amid fresh market jitters
2 months ago

UK debt woe as borrowing costs surge again amid fresh market jitters

Daily Mail  

UK borrowing costs hit a post-Budget peak yesterday Yields on ten-year UK bonds – known as gilts – surpassed levels seen last week to reach a new one-year high of 4.541 per cent. Debt shock: Yields on ten-year UK bonds – known as gilts – surpassed levels seen last week to reach a new one-year high of 4.541% That has …

Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom
2 months ago

Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom

Live Mint  

The increase in UK borrowing costs since last week’s budget has wiped out all of Chancellor of the Exchequer Rachel Reeves’ headroom against her main fiscal rule, raising the prospect of further tax rises or spending cuts unless the debt picture changes. Tom Josephs, a senior member of the UK’s fiscal watchdog, told lawmakers Tuesday that a 0.3 percentage point …

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget
2 months, 1 week ago

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The uncertainty surrounding this specific Budget had made bond …

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast
2 months, 1 week ago

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast

Daily Mail  

Rachel Reeves' maiden Budget saw the first-ever female chancellor make £40billion of sweeping tax rises in to plug funding gaps in the NHS and schools. Among the Autumn Budget losers were landlords, investors and those who have stashed wealth in their pension, as stamp duty, capital gains tax and inheritance tax all came under the spotlight. We also dig into …

Financial market worries over the UK budget appear to ease
2 months, 1 week ago

Financial market worries over the UK budget appear to ease

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Voters slam Labour's tax and spend Budget: Only a fifth of Brits think Rachel Reeves' blueprint will boost the economy and half oppose Chancellor squeezing firms to fill Treasury coffers
2 months, 1 week ago

Voters slam Labour's tax and spend Budget: Only a fifth of Brits think Rachel Reeves' blueprint will boost the economy and half oppose Chancellor squeezing firms to fill Treasury coffers

Daily Mail  

Only a fifth of voters believe Labour's tax and spend Budget will improve the UK economy, a new poll revealed today as Rachel Reeves continued to feel the heat. It came as the Chancellor and her Treasury team faced pressure and market jitters over a Budget that will raise £40billion through new taxes towards increased state spending of almost £70 …

S&P and Moody’s warn of fresh constraints to public finances after Budget
2 months, 1 week ago

S&P and Moody’s warn of fresh constraints to public finances after Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ratings agencies S&P and Moody’s …

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists
2 months, 1 week ago

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is in a …

Chancellor seeks to calm markets amid jitters after Budget borrowing spree
2 months, 1 week ago

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves is seeking …

Martin Lewis blasts Rachel Reeves for not coming on his ITV Money Show as he tears apart Autumn Budget in a brutal rant
2 months, 1 week ago

Martin Lewis blasts Rachel Reeves for not coming on his ITV Money Show as he tears apart Autumn Budget in a brutal rant

Daily Mail  

Martin Lewis publicly blasted the Chancellor for not appearing on his popular ITV show yesterday and said she had 'missed the chance to give her interpretation' on the Autumn Budget. Martin Lewis publicly blasted the Chancellor for not appearing on his popular ITV show yesterday and said she had 'missed the chance to give her interpretation' In a package that …

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s
2 months, 1 week ago

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s

The Telegraph  

Britain faces years of “muted” growth and higher borrowing costs after Rachel Reeves’ maiden Budget, Moody’s has warned. Moody’s also warned that higher spending on infrastructure would only boost growth if ministers successfully tackled issues that have dogged the UK economy for years, such as the worklessness crisis and long planning delays. “We expect growth in our baseline to remain …

ALEX BRUMMER: It's no surprise the IMF has endorsed Reeves' bleak Budget - she was hobnobbing with its officials only last week and it's dominated by an anti-Brexit clique!
2 months, 1 week ago

ALEX BRUMMER: It's no surprise the IMF has endorsed Reeves' bleak Budget - she was hobnobbing with its officials only last week and it's dominated by an anti-Brexit clique!

Daily Mail  

Rachel Reeves was in her element at the annual meeting of the International Monetary Fund in Washington last week. Chancellor Rachel Reeves with, from left, Canadian finance minister Chrystia Freeland, US treasury secretary Janet Yellen and ECB president Christine Lagarde And out of sight of the media, Reeves engaged in some discreet economic diplomacy with US treasury secretary Janet Yellen …

Government borrowing costs rise further after Budget
2 months, 1 week ago

Government borrowing costs rise further after Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Government borrowing costs leapt higher …

Rachel Reeves gambles on £40bn tax rise in her first Budget
2 months, 1 week ago

Rachel Reeves gambles on £40bn tax rise in her first Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves gambled …

DAILY MAIL COMMENT: This was a painful budget - with worse to come
2 months, 1 week ago

DAILY MAIL COMMENT: This was a painful budget - with worse to come

Daily Mail  

There are three kinds of lies, said Mark Twain. In her first Budget, Chancellor Rachel Reeves cynically reneged on those promises with a £40billion tax bombshell. Chancellor Rachel Reeves said the country had 'voted for change' and vowed to 'invest' as she mounts one of the biggest raids in history in the Commons Ms Reeves carried out the traditional photo …

Borrowing costs surge as markets turn on Reeves
2 months, 1 week ago

Borrowing costs surge as markets turn on Reeves

The Telegraph  

The lurch upwards pushed the gap between British and German borrowing costs to their widest since the wake of the Liz Truss mini-Budget, reflecting the extra premium on UK debt. The Chancellor scrambled to calm investor nerves on Thursday, insisting that the “number one commitment” of the Labour Government was “economic and fiscal stability”. However, Megum Muhic, of RBC Capital …

Watch: Office for Budget Responsibility responds to Rachel Reeves’ £40bn tax hikes
2 months, 1 week ago

Watch: Office for Budget Responsibility responds to Rachel Reeves’ £40bn tax hikes

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Watch as chair …

Reeves' sniffle makes the bond markets shiver, says PATRICK TOOHER
2 months, 1 week ago

Reeves' sniffle makes the bond markets shiver, says PATRICK TOOHER

Daily Mail  

Rachel Reeves clearly loves her new borrowing rules. Bending the rules: The Chancellor has ditched the old way of measuring the parlous state of the public finances so that she can borrow more to fund a spending spree But no amount of magic wand-waving and crystal-ball gazing can hide the fact the national debt remains on an ‘unsustainable’ course. Even …

A Halloween Budget that was as much trick as treat
2 months, 1 week ago

A Halloween Budget that was as much trick as treat

The Independent  

The first Labour Budget for 14 years, and the first ever from a female chancellor of the Exchequer, was impressive in its presentation. The danger, both economic and political, is that Ms Reeves will have to return to the Commons near Halloween in a few years’ time with another “horror story” and terrify hard-pressed taxpayers once again. In her Budget …

Will Rachel Reeves’s borrow-and-spend Budget actually work?
2 months, 1 week ago

Will Rachel Reeves’s borrow-and-spend Budget actually work?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Chancellor Rachel Reeves …

Reeves uses first Budget to hike taxes, increase...
2 months, 1 week ago

Reeves uses first Budget to hike taxes, increase...

Daily Mail  

Rachel Reeves raised taxes to a historic high and sent borrowing soaring as she gambled on increased spending to boost growth and repair public services. But despite Labour’s promises to protect “working people”, a £25.7 billion increase in national insurance contributions paid by employers is likely to reduce wages and lead to job losses. Rebuilding Britain.” But Tory leader Rishi …

Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid
2 months, 1 week ago

Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid

Daily Mail  

Martin Lewis has given a definitive run down on Rachel Reeves' Budget, as he warned that 'someone will have to pay' for Labour's new policies. Feel free to share pic.twitter.com/ewDye8xn2S — Martin Lewis October 30, 2024 Mr Lewis, the founder of MoneySavingExpert.com, asked how the businesses will pay for a £615 surge per employee 'For the employers who pay it, …

DAN HODGES: This Budget was crude, old-fashioned class politics... and that's why it's bad news for the Tories
2 months, 1 week ago

DAN HODGES: This Budget was crude, old-fashioned class politics... and that's why it's bad news for the Tories

Daily Mail  

In the run up to her first Budget, Rachel Reeves set a trap for the Tories. Over the last few weeks, a flurry of leaks indicated she was set to break her election pledge not to raise taxes on working people, but it was all a political feint, DAN HODGES writes But she knew it was real long before, because …

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement
2 months, 1 week ago

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves is set to unveil Labour’s first Budget in a …

How Labour might unlock £57 billion at the budget in ‘simple’ fiscal rule change
2 months, 1 week ago

How Labour might unlock £57 billion at the budget in ‘simple’ fiscal rule change

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves will …

Millions of working people will suffer from Reeves’s first Budget, warns OBR
2 months, 1 week ago

Millions of working people will suffer from Reeves’s first Budget, warns OBR

The Telegraph  

Millions of working people will suffer from Rachel Reeves’ Budget tax raid, the Government’s fiscal watchdog has warned. Workers will pay for 80pc of the Chancellor’s increase in employer National Insurance in the long term through lost wage increases and lower income, according to the Office for Budget Responsibility. Homeowners also face hundreds of pounds more in mortgage bills, with …

Investors brace for £300bn borrowing binge in Rachel Reeves' Budget
2 months, 1 week ago

Investors brace for £300bn borrowing binge in Rachel Reeves' Budget

Daily Mail  

Government borrowing costs have hit their highest level since Labour came to power as global investors brace for the Chancellor to unleash a £300billion borrowing binge. The rate has surged from 3.75 per cent in mid-September amid concern on the bond markets about the Chancellor's borrowing plans and her decision to significantly loosen debt rules. Investors are braced for the …

Reeves warns that Budget pain will just be the beginning with more difficult choices to come
2 months, 1 week ago

Reeves warns that Budget pain will just be the beginning with more difficult choices to come

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But with the prime minister also warning of “tough choices” …

Ailbhe Rea: The Night Before the Budget
2 months, 1 week ago

Ailbhe Rea: The Night Before the Budget

Bloomberg  

Rachel Reeves will deliver her budget tomorrow — the first by a Labour government in 14 years, the first in history by a female chancellor, and set to be one of the UK’s biggest ever tax-raising events. As Philip Aldrick writes today in his essential briefing on everything to look for, Reeves has given herself “the seemingly contradictory tasks of …

Hoyle rebukes Chancellor Rachel Reeves over ‘premature disclosure’ of Budget
2 months, 1 week ago

Hoyle rebukes Chancellor Rachel Reeves over ‘premature disclosure’ of Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Lindsay Hoyle has accused …

Rachel Reeves set to increase borrowing after announcing major change to fiscal rules
2 months, 2 weeks ago

Rachel Reeves set to increase borrowing after announcing major change to fiscal rules

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But former chancellor Jeremy Hunt warned his advice from the …

Reeves confirms change to debt rule and warns of higher taxes as Budget looms
2 months, 2 weeks ago

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That will make space for increased investment in the …

Reeves warned over £50bn ‘debt fiddle’
2 months, 2 weeks ago

Reeves warned over £50bn ‘debt fiddle’

The Telegraph  

Rachel Reeves has been warned that interest rates will stay higher for longer after the Chancellor said she will change Britain’s debt rules to unleash a borrowing spree of up to £50bn. The Chancellor confirmed she will change how debt is calculated to take into account the benefits of investment spending at her maiden Budget next week, even as her …

Can Rachel Reeves avoid a Budget omnishambles?
2 months, 2 weeks ago

Can Rachel Reeves avoid a Budget omnishambles?

The Independent  

Some mixed news for Rachel Reeves with one week to go until her Budget… and, on balance, it’s encouraging. She has repeated her well-known guarantees on taxes on “working people” – income tax, VAT, and national insurance, as well as freezing corporation tax rates. Even so, Reeves will probably still have to move stealthily on personal taxes by further freezing …

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget
2 months, 2 weeks ago

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Hammer blow for Rachel Reeves as borrowing spikes to highest outside of Covid crisis ahead of crucial Budget - with fears Labour's public sector pay splurge has fuelled chaos in finances
2 months, 2 weeks ago

Hammer blow for Rachel Reeves as borrowing spikes to highest outside of Covid crisis ahead of crucial Budget - with fears Labour's public sector pay splurge has fuelled chaos in finances

Daily Mail  

Rachel Reeves suffered a blow today as September borrowing spiked to the highest level outside of Covid ahead of her crucial Budget. As the Chancellor prepares to unveil an eye-watering package of tax hikes, official figures showed the government racking up another £16.6billion last month Rachel Reeves suffered a blow today as September borrowing spiked to the highest level outside …

Reeves’s Budget to keep interest rates higher for longer, say economists
2 months, 2 weeks ago

Reeves’s Budget to keep interest rates higher for longer, say economists

The Telegraph  

Rachel Reeves’s plans for increased borrowing and spending will force the Bank of England to hold interest rates higher for longer, leading economists have said. Pantheon Macroeconomics said that rates would be 0.25 to 0.5pc percentage points higher during the next financial year as a result of the Chancellor’s looser fiscal policy. Economists Robert Wood and Elliott Jordan-Doak said: “The …

Rachel Reeves planning £3bn welfare cuts in Budget
2 months, 3 weeks ago

Rachel Reeves planning £3bn welfare cuts in Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves will seek to …

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package
2 months, 3 weeks ago

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package

Daily Mail  

Businesses, motorists and pension savers are braced for pain today amid fears Rachel Reeves could deliver one of the biggest ever tax-raising Budgets in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion …

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts
2 months, 3 weeks ago

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Sir Keir Starmer …

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai
2 months, 3 weeks ago

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai

Daily Mail  

Rachel Reeves could hammer Brits with one of the biggest tax-raising Budgets ever in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion black hole' in the UK's finances will be enough only …

Reeves eyes up to £40bn in tax rises and spending cuts in Budget
2 months, 3 weeks ago

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Institute for Fiscal Studies chief Paul Johnson said that …

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