Reeves refuses to use £28bn figure while defending Labour green plan
1 year, 2 months ago

Reeves refuses to use £28bn figure while defending Labour green plan

The Telegraph  

Asked about how she would deal with the “long-term implications” of climate change, she replied: “I totally agree with you that tackling the climate emergency is incredibly important, but so too is securing the good jobs that come from investing in the industries of the future and also the lower bills that will come from investing in renewable home-grown energy. everything that we do will be subject to the fiscal rules that I’ve set out, because when you play fast and loose with the public finances it is ordinary working people who pay the price.” Ms Reeves blamed Liz Truss, the former Tory prime minister whose mini-Budget spooked the markets and led to higher mortgages, for her inability to commit to the £28 billion figure. “That was the choice that the Conservatives made, but it has meant the economic inheritance for the next Government is going to be dire.” Ms Reeves went on to accuse the Conservatives of a “scorched earth” strategy, claiming ministers planned to leave as little fiscal headroom as possible to create difficulties for an incoming Labour administration. Asked about reports that she wanted to cut taxes for wealthier voters, Ms Reeves said: “I want taxes on working people to be lower right across the income distribution.

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History of this topic

Fresh raid on pension pots, two more years of 'stealth' tax threshold freeze, or a wealth tax: IFS warns Brits face being battered by Reeves AGAIN in Autumn as her spending plans are unrealistic
4 days, 2 hours ago

Fresh raid on pension pots, two more years of 'stealth' tax threshold freeze, or a wealth tax: IFS warns Brits face being battered by Reeves AGAIN in Autumn as her spending plans are unrealistic

Daily Mail  

Brits could face being battered with tax hikes by Rachel Reeves again this Autumn because her plans are unrealistic, a respected think-tank warned today. The IFS highlighted extending the freeze on tax thresholds by another two years as a potential 'easy political win' for the Chancellor, suggesting it could raise an extra £10billion. Asked what the Chancellor might look at …

ANDREW NEIL: How Rachel Reeves led to tax rises and MUCH worse after Spring Statement
Trending News
4 days, 13 hours ago

ANDREW NEIL: How Rachel Reeves led to tax rises and MUCH worse after Spring Statement

Daily Mail  

A government that was elected last July with a self-styled core mission to boost Britain’s economic growth was yesterday forced to announce that the official Whitehall number cruncher had slashed its growth forecast in half for this year. Only last October – and even after it had taken into account the growth- destroying potential of Reeves’ first Budget – the …

Rachel Reeves branded delusional for claiming to be restoring economic stability - despite growth forecast slashed in half and MORE tax rises likely to come
4 days, 15 hours ago

Rachel Reeves branded delusional for claiming to be restoring economic stability - despite growth forecast slashed in half and MORE tax rises likely to come

Daily Mail  

Rachel Reeves was branded delusional last night after insisting her economic plans are working as official growth forecasts were halved. The Office for Budget Responsibility warned that huge tax rises being introduced by Ms Reeves next week will push Britain's overall tax burden to a record high. Chancellor of the Exchequer Rachel Reeves MP leaves 11 Downing Street to present …

Brace yourselves: Taxes are heading for a record high - and there's every chance that they will be going up even higher
Trending News
4 days, 16 hours ago

Brace yourselves: Taxes are heading for a record high - and there's every chance that they will be going up even higher

Daily Mail  

Britain's tax burden will soon soar to a post-war high – and huge uncertainty over the economy will add to fears that it could climb higher still. But experts believe Rachel Reeves will stage a fresh tax raid in the autumn, given the OBR's high level of uncertainty about its economic forecasts. The OBR's latest forecast predicted that the tax …

Rachel Reeves' emergency budget was a humiliation and it confirmed what we knew already... Labour isn't working, writes MEL STRIDE
Trending News
4 days, 16 hours ago

Rachel Reeves' emergency budget was a humiliation and it confirmed what we knew already... Labour isn't working, writes MEL STRIDE

Daily Mail  

Rachel Reeves' emergency budget was a humiliation. Much like when Labour said they would grow the economy, or not tax working people, or reduce migration, the Chancellor said she would only need one budget a year. Rachel Reeves' emergency budget was a humiliation, Mel Stride writes Conservative Party Shadow Chancellor of the Exchequer Mel Stride speaking during Rachel Reeves presentation …

Britain's wealth squashed under Reeves... and it could get WORSE: Brits face an extra YEAR of flatlining wealth, a record tax burden with fears of more to come - and the only thing propping up GDP is
4 days, 23 hours ago

Britain's wealth squashed under Reeves... and it could get WORSE: Brits face an extra YEAR of flatlining wealth, a record tax burden with fears of more to come - and the only thing propping up GDP is

Daily Mail  

Brits are facing four years of flatlining wealth - and a new record tax burden - as a grim report underlined how even meagre economic growth has been driven by immigration. The tax burden is still on track to hit a record high of 37.7 per cent of GDP in 2027-28, from 35.3 per cent this year, with frozen thresholds …

Use our interactive calculator to find out how much more YOU could be paying in tax, alcohol duty and pension contributions after Rachel Reeves's dismal spring statement
Trending News
5 days, 1 hour ago

Use our interactive calculator to find out how much more YOU could be paying in tax, alcohol duty and pension contributions after Rachel Reeves's dismal spring statement

Daily Mail  

A new online calculator can reveal how today's spring statement will affect Britons after Rachel Reeves said she will be forced to make further welfare cuts. Monthly state pension is another category as Ms Reeves looks to increase to state pension payments in line with September 2024's earnings rise of 4 per cent. The watchdog also forecast that the Government's …

Reeves wriggles on Labour's economic slump: Chancellor denies triggering UK plc's slowdown as she admits 'hard' decisions coming on '£15bn' cuts in Spring Statement - with fears living standards WILL
1 week, 1 day ago

Reeves wriggles on Labour's economic slump: Chancellor denies triggering UK plc's slowdown as she admits 'hard' decisions coming on '£15bn' cuts in Spring Statement - with fears living standards WILL

Daily Mail  

Rachel Reeves wriggled on the stalling economy today as she admitted 'hard' decisions are coming in the Spring Statement. Rachel Reeves wriggled on the stalling economy today as she admitted 'hard' decisions are coming in the Spring Statement Your browser does not support iframes. Pressed on a report from the Joseph Rowntree Foundation predicting a huge drop in living standards …

Poll finds Rachel Reeves is the least trusted politician in Britain on the economy after Chancellor's huge tax raid helped crush growth
1 week, 1 day ago

Poll finds Rachel Reeves is the least trusted politician in Britain on the economy after Chancellor's huge tax raid helped crush growth

Daily Mail  

Rachel Reeves is the least trusted politician when it comes to the economy, according to a poll. Research by Opinium found Ms Reeves had a net score of minus 38 when Brits were asked whom they trusted on economic and financial matters. Research by Opinium found Rachel Reeves had a net score of minus 38 when Brits were asked whom …

Rachel Reeves has six months to save her job: Rattled Labour MPs issue stark warning to Chancellor as unease over her £15bn plan to slash state spending intensifies
Trending News
1 week, 1 day ago

Rachel Reeves has six months to save her job: Rattled Labour MPs issue stark warning to Chancellor as unease over her £15bn plan to slash state spending intensifies

Daily Mail  

Rachel Reeves has been warned that she has six months to save her job, as Labour MPs grow increasingly restive over her plan to slash state spending by £15 billion. Just 18 per cent want to see an increase in taxes, compared with the 40 per cent for cutting spending and 11 per cent who think public borrowing should be …

DAN HODGES: Rachel Reeves has trashed the economy. But I have a bold suggestion on how she can rescue it and protect hard-working families - even if the Labour Luvvies will HATE it
1 week, 1 day ago

DAN HODGES: Rachel Reeves has trashed the economy. But I have a bold suggestion on how she can rescue it and protect hard-working families - even if the Labour Luvvies will HATE it

Daily Mail  

First Rachel Reeves came for the pensioners. According to Ipsos Mori's election survey, Labour's lead over the Tories among the most affluent AB social class was ten points, garnering 36 per cent of the vote. Even following Tony Blair's New Labour modernisation, the Conservatives enjoyed a ten-point lead among AB voters. Last year 60 per cent of AB voters cast …

Rachel Reeves says 'we can't tax and spend our way to higher living standards' in Spring Statement as high government borrowing leaves her little room for manoeuvre
1 week, 2 days ago

Rachel Reeves says 'we can't tax and spend our way to higher living standards' in Spring Statement as high government borrowing leaves her little room for manoeuvre

Daily Mail  

Rachel Reeves has said 'we can't tax and spend our way to higher living standards' ahead of her Spring Statement next week as high government borrowing puts pressure on finances. She said: 'We can't tax and spend our way to higher living standards and better public services. Former Labour work and pensions secretary Lord Blunkett has urged the Chancellor to …

To slash tax or splash cash... voters split on what Rachel Reeves must do in Spring Statement
1 week, 3 days ago

To slash tax or splash cash... voters split on what Rachel Reeves must do in Spring Statement

Daily Mail  

Britons are split on whether the Chancellor should cut taxes or boost public spending in next week's Spring Statement, polling reveals. An Ipsos survey found 31 per cent of voters believe Rachel Reeves should cut taxes, even if it means spending less on public services. But 34 per cent urged her to increase spending on public services, even if that …

Where else will the axe fall as the economy stalls? Rachel Reeves 'must still slash £10bn from spending' in Spring Statement next week despite Labour uproar at crackdown on benefits
1 week, 5 days ago

Where else will the axe fall as the economy stalls? Rachel Reeves 'must still slash £10bn from spending' in Spring Statement next week despite Labour uproar at crackdown on benefits

Daily Mail  

Rachel Reeves still faces making deep cuts in spending next week despite Labour's curbs on benefits. The Chancellor's Spring Statement next Wednesday had originally been billed as a low-key update, after she vowed only to hold one Budget a year. Ms Reeves has ruled out more borrowing or tweaks to the main tax rates, leaving spending cuts her only option …

Chancellor blames global turmoil after GDP fell 0.1% in January - with no mention of Labour's tax raid on National Insurance or raft of new workers' rights
2 weeks, 2 days ago

Chancellor blames global turmoil after GDP fell 0.1% in January - with no mention of Labour's tax raid on National Insurance or raft of new workers' rights

Daily Mail  

Rachel Reeves yesterday tried to blame global turmoil after official figures raised fears that the economy is heading for recession under Labour. Yet she made no acknowledgment of the effect of the Government's tax raid on employer National Insurance and a raft of new workers' rights. Rachel Reeves during a March visit to Rosyth to discuss boosting economic growth Tory …

UK’s Reeves risks breaking budget promises, IFS think tank says
3 weeks, 4 days ago

UK’s Reeves risks breaking budget promises, IFS think tank says

Live Mint  

LONDON, March 6 - British finance minister Rachel Reeves could have to choose between tax rises and a return to austerity when she delivers a budget update this month, a leading think tank said on Thursday. The IFS said Reeves could extend a freeze on the thresholds at which people start to pay different income tax rates beyond its current …

Rachel Reeves to make huge cuts to Britain's welfare bill - as Chancellor prepares to blame world events for the need to slash spending
3 weeks, 4 days ago

Rachel Reeves to make huge cuts to Britain's welfare bill - as Chancellor prepares to blame world events for the need to slash spending

Daily Mail  

A Labour Cabinet minister yesterday claimed there is a ‘moral case’ for cutting the welfare bill, as Rachel Reeves prepares to blame the need to slash spending on world events. Justice Secretary Shabana Mahmood said the current situation is ‘unsustainable’ - with scores of people out of work who could be. Rachel Reeves is set to submit her plans for …

Rachel Reeves 'plans to slash £5bn' from welfare as she scrambles to find more room for defence spending
Trending News
3 weeks, 5 days ago

Rachel Reeves 'plans to slash £5bn' from welfare as she scrambles to find more room for defence spending

Daily Mail  

Ministers are making the 'moral case' for cutting welfare as Rachel Reeves scrambles to find billions of pounds with the economy stalling and defence demands on the rise. Many blame the stuttering performance on the extra burden placed on businesses, while Ms Reeves has acknowledged that Britain will be hit by Donald Trump's tariffs even if only indirectly. Rachel Reeves …

Income tax will have to rise, ex-Bank of England chief warns, as he blasts Reeves’ ‘irresponsible’ promises
1 month ago

Income tax will have to rise, ex-Bank of England chief warns, as he blasts Reeves’ ‘irresponsible’ promises

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. open image in gallery Mervyn King was the chancellor’s boss at the Bank of England …

UK politics live: Reeves’ taxes trigger job cuts as Labour warned 1.5m homes plan at risk from worker shortage
1 month, 2 weeks ago

UK politics live: Reeves’ taxes trigger job cuts as Labour warned 1.5m homes plan at risk from worker shortage

The Independent  

✕ Close Chancellor 'still not satisfied' with GDP figures after UK economy's unexpected growth 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 …

Can Rachel Reeves survive questions over her expenses and CV?
1 month, 2 weeks ago

Can Rachel Reeves survive questions over her expenses and CV?

The Independent  

How much easier would Keir Starmer’s life be if his chancellor, Rachel Reeves, decided that the various allegations flying around about her CV and past behaviour at a bank were “too much of a distraction” from the important work of the government? Obviously these fresh questions about Reeves’s personal behaviour in the past – some dating back 20 years – …

Rachel Reeves might crack a smile today after unexpected 0.1% economy boost... it is her birthday, after all. But businesses and households may not be so chipper, writes HUGO DUNCAN
1 month, 2 weeks ago

Rachel Reeves might crack a smile today after unexpected 0.1% economy boost... it is her birthday, after all. But businesses and households may not be so chipper, writes HUGO DUNCAN

Daily Mail  

It could have been worse. Businesses and households may not be so chipper, however GDP rose by 0.1 per cent between October and December - barely detectable, but significantly better than the 0.1 per cent contracted analysts had pencilled in That is when economies stagnate but prices continue to rise – depressing the living standards of millions. The Bank of …

Should Rachel Reeves pay for her mishandling of the economy?
1 month, 3 weeks ago

Should Rachel Reeves pay for her mishandling of the economy?

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Given everything …

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%
1 month, 3 weeks ago

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

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 has been dealt a further blow in her bid …

Rachel Reeves is warned UK businesses cannot take any more tax rises - as fears grew that the economy is on the verge of a downturn
1 month, 3 weeks ago

Rachel Reeves is warned UK businesses cannot take any more tax rises - as fears grew that the economy is on the verge of a downturn

Daily Mail  

Rachel Reeves was last night warned that businesses cannot take any more tax rises as fears grew that the economy is on the verge of a downturn - 100 days on from the Budget. Rain Newton-Smith, chief executive of the Confederation of British Industry, said firms were ‘still seriously flagging’ as they strain under the burdens imposed by the Chancellor. …

Rachel Reeves 'will have to cut spending or raise taxes to balance books' after Budget sparked economic slowdown and borrowing costs rise
Trending News
1 month, 3 weeks ago

Rachel Reeves 'will have to cut spending or raise taxes to balance books' after Budget sparked economic slowdown and borrowing costs rise

Daily Mail  

Rachel Reeves faces having to hit Brits with more tax rises or make swingeing cuts to public spending due to the state of the economy, experts warned today. The Chancellor is trapped by sluggish growth and high borrowing costs that have made her financial headroom evaporate, economists said. Shadow chancellor Mel Stride said Ms Reeves' problems were 'entirely self-inflicted', adding: …

Top Labour backer turns on party over Reeves’ ‘crippling’ Budget
1 month, 3 weeks ago

Top Labour backer turns on party over Reeves’ ‘crippling’ 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. open image in gallery Sacha Lord threatened to quit the Labour Party over the chancellor’s …

Rachel Reeves’s growth speech felt more like an emergency Budget
2 months ago

Rachel Reeves’s growth speech felt more like an emergency Budget

The Independent  

Rachel Reeves’s much-trailed speech today is a big moment for her and the government, as it finally put some flesh on the bare bones of its plan for economic growth. Labour won the trust of business before last year’s election, but frittered it away with what company bosses regard as a “triple whammy” – a hike in employers’ national insurance …

Rachel Reeves will publish tax return in U-turn hours after refusing to do so
2 months ago

Rachel Reeves will publish tax return in U-turn hours after refusing to do so

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 publish a tax return, in a …

Reeves's big plan for growth is totally doomed... and it's all the fault of her terrible Budget which has crippled Britain's economy: ANDREW NEIL
2 months ago

Reeves's big plan for growth is totally doomed... and it's all the fault of her terrible Budget which has crippled Britain's economy: ANDREW NEIL

Daily Mail  

Rachel Reeves now wears a near-permanent rictus grin. She harbours a growing worry, as every week brings more bad news for the British economy, that her disastrous October Budget has set the country on a downward spiral which windy talk about ‘an unrelenting focus on growth’ and ‘hard-wiring growth into every Cabinet decision’ cannot reverse. Starmer has even talked multiple …

Reeves plans £160 billion business boost by changing pension fund rules
2 months ago

Reeves plans £160 billion business boost by changing pension fund 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 Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a bid to win back credibility with business chiefs and boost economic growth, Ms …

Chancellor's shoddy retread: Reeves must stop the doom-mongering and back UK tech, says ALEX BRUMMER
2 months ago

Chancellor's shoddy retread: Reeves must stop the doom-mongering and back UK tech, says ALEX BRUMMER

Daily Mail  

There are alternative ways of looking at politicians who rapidly change the script. As laudable as this change of heart may be – getting behind Britain’s cutting-edge AI, bio-sciences, finance and creative sectors is critical – the horse already has bolted. Turnaround: Chancellor Rachel Reeves has embarked on an ambitious reversal with her emphasis on growth The £40billion tax-raising Budget …

Reeves to water down tax raid on non-doms amid exodus of millionaires
2 months, 1 week ago

Reeves to water down tax raid on non-doms amid exodus of millionaires

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. “And in the finance bill, we will be tabling an amendment which makes more generous …

Reeves plans to soften non-dom reforms after listening to concerns
2 months, 1 week ago

Reeves plans to soften non-dom reforms after listening to concerns

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. “And in the finance bill, we will be tabling …

What did the Office for Budget Responsibility reveal about the ‘tractor tax’?
2 months, 1 week ago

What did the Office for Budget Responsibility reveal about the ‘tractor tax’?

The Independent  

Tesco, Lidl and the Co-op, three of Britain’s biggest retailers, have joined calls for Rachel Reeves to abandon her inheritance tax raid on farmers, claiming that “the UK’s future food security is at stake”. The estimate was published in the OBR’s forecast at the time of the Budget, but the OBR says it has received requests for “further detail” about …

Fresh blow for Rachel Reeves as she woos Davos: Government borrowing soared to £17.8bn in December - a four-year high - after Labour's spending splurge
2 months, 1 week ago

Fresh blow for Rachel Reeves as she woos Davos: Government borrowing soared to £17.8bn in December - a four-year high - after Labour's spending splurge

Daily Mail  

Rachel Reeves suffered a fresh blow today after government borrowing surged to a four-year high. As the Chancellor woos the business elite in Davos, official figures showed the public sector racking up another £17.8billion last month – even more than analysts had expected. Official figures showed the public sector racking up another £17.8billion of borrowing last month – even more …

Now Reeves faces a £20billion black hole in the public finances as economy slumps behind ­America - as low-tax and low-regulation Donald Trump returns to the White House
2 months, 1 week ago

Now Reeves faces a £20billion black hole in the public finances as economy slumps behind ­America - as low-tax and low-regulation Donald Trump returns to the White House

Daily Mail  

Rachel Reeves faces a £20billion black hole in the public finances as Britain’s economy lags behind America’s, experts warned last night. That is well behind the 2.7 per cent and 2.1 per cent growth expected in the US as low-tax and low-regulation Donald Trump returns to the White House next week – leaving Labour’s pledge to make the UK the …

Boost for Reeves as inflation falls after No 10 refuses to rule out emergency budget: Live
Trending News
2 months, 2 weeks ago

Boost for Reeves as inflation falls after No 10 refuses to rule out emergency budget: Live

The Independent  

✕ Close Starmer vows to work with Musk on AI growth after billionaire's criticism of government 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 …

Rachel Reeves refuses to rule out emergency spending cuts amid economic crisis fears
2 months, 2 weeks ago

Rachel Reeves refuses to rule out emergency spending cuts amid economic crisis fears

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. Addressing the Commons on Tuesday, Ms Reeves also faced questions over her decision to travel …

Reeves says market uncertainty shows need to kickstart economic growth
2 months, 2 weeks ago

Reeves says market uncertainty shows need to kickstart economic growth

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 insisted the turbulence …

Rachel Reeves faces questions over future in Hamlet-inspired Tory attack
2 months, 2 weeks ago

Rachel Reeves faces questions over future in Hamlet-inspired Tory attack

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’ handling of the …

Reeves faces grilling from MPs amid market turmoil
2 months, 2 weeks ago

Reeves faces grilling from MPs amid market turmoil

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. Former shadow chancellor John McDonnell said both the Prime …

Reeves will be committing ‘political suicide’ if she orders spending cuts, warns John McDonnell
2 months, 2 weeks ago

Reeves will be committing ‘political suicide’ if she orders spending cuts, warns John McDonnell

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 Embattled Chancellor Rachel Reeves has been given a stern warning by …

Rachel Reeves facing calls to cancel controversial China trip as pound tumbles
2 months, 3 weeks ago

Rachel Reeves facing calls to cancel controversial China trip as pound tumbles

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. These include: Gilts underpinning government debt at a higher level than during the crisis that …

Reeves may need to cut spending after jump in borrowing costs, say economists
2 months, 3 weeks ago

Reeves may need to cut spending after jump in borrowing costs, say economists

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 rise in government borrowing costs poses a challenge …

Is Britain’s future burning as bright as Rachel Reeves says it is?
2 months, 3 weeks ago

Is Britain’s future burning as bright as Rachel Reeves says it is?

The Independent  

Preparing for her appearance at the World Economic Forum in Davos in a couple of weeks, the chancellor declares herself confident that Britain’s economic future is “burning bright”: “I am on a mission to win round the world’s investors.” Fair enough, but even Rachel Reeves herself might concede that 2025 is going to be another tough year for the public …

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'
2 months, 3 weeks 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 …

Economists warn Treasury is likely to raise taxes even further this year
2 months, 3 weeks ago

Economists warn Treasury is likely to raise taxes even further this year

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 A group of economists have warned that the Treasury is likely …

How long will Rachel Reeves last? Labour gloom has put Britain on brink of recession, says MAGGIE PAGANO
Trending News
3 months, 1 week 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 …

Blow for Rachel Reeves as zero growth puts UK on brink of recession
Trending News
3 months, 1 week ago

Blow for Rachel Reeves as zero growth puts UK on brink of recession

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Kate Nicholls, chief executive of UKHospitality, said on Monday that the revised growth figures …

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