
Tax rises aren’t the only way to fill a £20bn black hole in government spending
The IndependentRachel Reeves is preparing to drop a financial bomb on Britain next week. The Institute for Fiscal Studies explained this in its analysis of Labour’s low-fi manifesto that, it said, “leaves literally no room – within the fiscal rules that it has signed up to – for any more spending than planned by the current government”. The plans of that now-previous government involved “cuts both to investment spending and to spending on unprotected public services”. But Reeves’s boss, Britain’s new CEO Sir Keir Starmer, “effectively ruled out such cuts”. What we have been witnessing in recent days is a classic softening-up exercise in which big numbers are bandied around and the prospect of something really unpleasant is pitched so that when Reeves delivers her verdict, it isn’t as bad as everyone feared and there are sighs of relief about the nasties that are announced.
History of this topic

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
The Independent
UK economy under Labour stalls - what that means for you and your money
The Independent
Council tax expected to raise additional £1.8 billion next year – minister
The Independent
Labour have 'broken their promises' on not raising council tax, Tories say - after ministers signed off a £110 hike in bills next year
Daily Mail
Council tax increase expected as Tories claim ‘black hole’ in Labour’s plans
The Independent
Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest
The Independent
Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you
The Independent
Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise
Daily Mail
So much for a Budget for growth! This is a return to big government - high tax, high spend, high borrowing. And you didn't read that in Labour's manifesto: Analysis by JASON GROVES
Daily Mail
I've left the country... I can't grow my business... raising capital gains tax makes me angry... this Budget makes me feel sick: Real Britons react to Labour's tax bombshell
Daily Mail
Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax
The Independent
What the Autumn Budget 2024 means for you: How Rachel Reeves' £40bn tax rises will hit
Daily Mail
More spending and tax hikes expected in the first budget from Britain's Labour government
The Independent
Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?
The Independent
When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?
The Independent
Billions for NHS is just the start of Reeves’s tax-fuelled spending spree
The Telegraph
Starmer warns that Brits face higher taxes FOREVER and he could raise them AGAIN to prop up the NHS and public services because the Budget must confront 'harsh fiscal reality'
Daily Mail
Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise
Daily Mail
Reeves: Budget tax raid not enough to fix NHS
The Telegraph
Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole
The Independent
How Britain became addicted to spending
The Telegraph
Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi
Daily Mail
Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists
The Telegraph
Tories blast Labour's 'myth' that they inherited a £22bn black hole in public finances ahead of tax-raid Budget as poll reveals the Conservatives are more trusted with family finances
Daily Mail
Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!
Daily Mail
Ministers mulling tax rise and cuts in Budget as they meet City bosses
The Independent
The £40bn question: How will Rachel Reeves balance the books?
The Independent
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
The Independent
Tax rises inevitable as Budget black hole set to persist, says think tank
The Independent
What COULD be in Rachel Reeves' £25billion Budget 'tax bomb'? From CGT to NICs, pension pots and inheritance tax - the options for the Chancellor to milk more money from Brits
Daily Mail
Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat
Daily Mail
UK business groups says tax clarity needed at budget to support investment
Live Mint
Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers
Daily Mail
Rachel Reeves confirms taxes will rise in her first budget in October
The Independent
UK govt facing £22b financial 'black hole'
China Daily
Key takeaways from Rachel Reeves speech in the Commons
The Independent
Watch as chancellor Rachel Reeves sets out Labour’s plan for economic growth
The Independent
Labour's tax trick: Rachel Reeves will unveil doomsday claim about £20bn hole in public finances TODAY as she slashes road projects and paves the way to hike the burden on Brits - but will still sign
Daily Mail
UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
Hindustan Times
UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
The IndependentUK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances
Associated Press
Reeves to consider capital gains tax plan to help fix ‘broke Britain’
The Independent
Rachel Reeves set to unveil £20bn black hole in public finances
The Independent
We know the country is in a state – now Labour must fix it, not play the blame game
The Independent
Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way
Daily Mail
Labour plans to pin its tax bombshell on the Tories… and it might just work
The Independent
Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim
The Telegraph
Labour ‘drawing up plans for £10bn extra wealth taxes’
The Telegraph
Which taxes could rise if Labour wins the general election?
The IndependentDiscover Related






























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