UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
4 months, 3 weeks ago

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

Hindustan Times  

LONDON — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes. UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances In a sweeping assessment three weeks after taking power, Prime Minister Keir Starmer’s office professed shock at the situation they inherited after 14 years of Conservative Party rule, while releasing a department-by-department analysis of the perceived failures of the previous government. Labour pledged during the campaign that it wouldn’t raise taxes on “working people,” saying its policies would deliver faster economic growth and generate the additional revenue needed by the government. Those findings led the new government to accuse the Conservatives of making significant funding commitments for this financial year “without knowing where the money would come from.’’ It argued that the military had been “hollowed out’’ at a time of increasing global threats and the National Health Service was “broken,’’ with some 7.6 million people waiting for care.

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History of this topic

UK economy shrinks again in another blow to Reeves, new figures show
1 week, 4 days ago

UK economy shrinks again in another blow to Reeves, new figures show

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. Rachel Reeves said the figures were disappointing “We are determined to deliver economic growth as …

British businesses say budget stifling growth
4 weeks, 1 day ago

British businesses say budget stifling growth

China Daily  

By EARLE GALE in London | China Daily Global | Updated: 2024-11-26 11:01 Britain's Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves, host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street in London, Britain, Nov 21, 2024. After surveying its 190,000 member-businesses, the organization, which is also known as the …

British businesses say budget stifling growth
4 weeks, 1 day ago

British businesses say budget stifling growth

China Daily  

Britain's Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves, host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street in London, Britain, Nov 21, 2024. After surveying its 190,000 member-businesses, the organization, which is also known as the CBI, said tax rises contained in the budget mean companies now expect to …

ONS figures reveal surge in borrowing: does this mean taxes will have to rise again?
1 month ago

ONS figures reveal surge in borrowing: does this mean taxes will have to rise again?

The Independent  

The latest public sector borrowing figures are enough to have anyone inside 11 Downing Street heading for the drinks cabinet. The total came to £17.4bn in October; that’s £1.6bn more than this time last year, £5bn higher than City forecasts, and the second highest October number since monthly records began in January 1993. The government also spent £9.1bn on interest …

UK economy under Labour stalls - what that means for you and your money
1 month, 1 week ago

UK economy under Labour stalls - what that means for you and your money

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 has said …

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast
1 month, 3 weeks 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 …

BORIS JOHNSON: Rachel Theeves has taken aim at the UK economy and - with sheer cold-eyed malevolence - socked it squarely on the mazzard
1 month, 3 weeks ago

BORIS JOHNSON: Rachel Theeves has taken aim at the UK economy and - with sheer cold-eyed malevolence - socked it squarely on the mazzard

Daily Mail  

This Labour Budget has made me so angry that I scarcely know where to begin. Keir Starmer and Rachel Reeves said time and again before the election that they would not raise taxes on ‘working people’. Cassio in Shakespeare's Othello says: ‘Let me go, sir, or I'll knock you o'er the mazzard!’ Kulak: A farmer characterised by Communists as having …

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
1 month, 3 weeks 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
1 month, 3 weeks 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 …

Chancellor seeks to calm markets amid jitters after Budget borrowing spree
1 month, 3 weeks 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 …

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s
1 month, 3 weeks 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 …

Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden
1 month, 3 weeks ago

Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden

Daily Mail  

This video is no longer available This video is no longer available Rachel Reeves admitted Brits will see lower wages as a result of her Budget mega-raid today - amid warnings she will be back for more. Rachel Reeves on a visit to a hospital in Coventry with Keir Starmer today after delivering her Budget The OBR said the Budget …

Leaderless Tories can’t comment on biggest Budget for three decades
1 month, 3 weeks ago

Leaderless Tories can’t comment on biggest Budget for three decades

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. The contest will draw to a close on Saturday, with …

Rachel Reeves Unveils Massive Tax Hikes in Historic Budget Speech
1 month, 3 weeks ago

Rachel Reeves Unveils Massive Tax Hikes in Historic Budget Speech

China Daily  

British Chancellor Rachel Reeves presented her first budget speech to Parliament, outlining the government's fiscal plan and steps to achieve economic stability. The speech included tax rises of 40 billion pounds, a record figure for modern times, along with spending increases in healthcare, housing, and education. Reeves also announced a review of the independent economic forecast unit, the OBR, and …

Rachel Reeves Unveils Bold Fiscal Plan: A Manifesto for Britain's Future
1 month, 3 weeks ago

Rachel Reeves Unveils Bold Fiscal Plan: A Manifesto for Britain's Future

China Daily  

Rachel Reeves, the British government's finance minister, unveiled her fiscal plan, outlining tax rises and spending increases to restore economic stability and turn the page on the Conservative Party's rule. The plan includes a 40 billion-pound tax rise, a record figure for modern times, along with spending increases in healthcare, housing, and education.

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
1 month, 3 weeks ago

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  

Britain's growth prospects took a dive last night after Rachel Reeves' £40 billion tax bomb. In the first Labour Budget for 14 years, Ms Reeves: Launched a £25 billion raid on employers' National Insurance, breaking a manifesto pledge not to raise a levy she previously called a 'jobs tax'; Announced an immediate £25 billion cash injection for the NHS, despite …

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
1 month, 3 weeks ago

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  

So much for a Budget for growth. Despite Rachel Reeves committing to a staggering £400billion of extra spending over the next five years, Britain’s economic watchdog today predicted that economic growth will actually be lower than forecast at the last Tory Budget in March. Britain’s economic watchdog today predicted that economic growth will actually be lower than forecast at the …

DAN HODGES: This Budget was crude, old-fashioned class politics... and that's why it's bad news for the Tories
1 month, 3 weeks 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 …

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax
1 month, 3 weeks ago

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax

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 }} Welcome to an …

More spending and tax hikes expected in the first budget from Britain's Labour government
1 month, 3 weeks ago

More spending and tax hikes expected in the first budget from Britain's Labour government

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 }} British Treasury chief …

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?
1 month, 3 weeks ago

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines 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. The party’s gloomy messaging has set the stage for a …

What won’t happen in today’s Budget? Labour’s less likely options weighed up
1 month, 3 weeks ago

What won’t happen in today’s Budget? Labour’s less likely options weighed up

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines 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. Tax rises have been confirmed by Labour, with Keir Starmer …

Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget
1 month, 3 weeks ago

Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget

Live Mint  

Rachel Reeves will pledge to “rebuild Britain” with her first budget, an historic moment that will include a major package of tax hikes and extra borrowing likely to define British politics for the rest of the decade. Rachel Reeves will pledge to “rebuild Britain" with her first budget, an historic moment that will include a major package of tax hikes …

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'
1 month, 3 weeks ago

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 today made clear there is no prospect of taxes coming down again after the looming Budget raid. Speaker rebukes Reeves over Budget briefing Lindsay Hoyle has rebuked Chancellor Rachel Reeves for not telling the Commons first about her intention to change the Government's fiscal rules. Sir Keir said local services to 'get Britain working' will benefit from a …

Keir Starmer issues a doom-laden warning to Britons that they'll be clobbered with new Labour taxes on Wednesday because of the 'harsh fiscal reality'
1 month, 3 weeks ago

Keir Starmer issues a doom-laden warning to Britons that they'll be clobbered with new Labour taxes on Wednesday because of the 'harsh fiscal reality'

Daily Mail  

Keir Starmer today admitted there is 'tough stuff' coming in the Budget as the demanded Brits face up to 'harsh reality'. Keir Starmer will today demand Brits face up to 'harsh reality' ahead of looming tax hikes in the Budget Your browser does not support iframes. Challenged that most voters would prefer lower taxes rather than investment in public services, …

Reeves: Budget tax raid not enough to fix NHS
1 month, 3 weeks ago

Reeves: Budget tax raid not enough to fix NHS

The Telegraph  

Tax rises in the Budget will not be the last, the Chancellor has suggested after admitting that the money she will give the NHS on Wednesday will not be enough to fix it. Rachel Reeves is set to inflict a £35 billion tax raid by raising National Insurance contributions for employers and increasing capital gains tax, in part to fund …

Britain facing biggest tax rise in G7 even before Reeves’s Budget
2 months ago

Britain facing biggest tax rise in G7 even before Reeves’s Budget

The Telegraph  

The IMF warned that UK debt was on course to keep climbing until the end of the decade, putting it on an unsustainable path. Its chief economist warned this week that rising debt could leave the UK at the “mercy of market pressures” in the absence of a plan to drive it down. The IMF’s latest projections show “general government …

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget
2 months 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 {{ …

How Britain became addicted to spending
2 months ago

How Britain became addicted to spending

The Telegraph  

Following the Government’s frequent warnings about the dire state of public finances, as well as the “worst economic inheritance since the Second World War”, households are fully primed for a series of tax raids in next week’s Budget. However, despite the Chancellor’s drastic need for cash, what might surprise voters is that tax revenues flowing into the Treasury are already …

Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists
2 months ago

Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists

The Telegraph  

Rachel Reeves has been warned that an aggressive Budget tax raid risks opening up a £84bn “black hole” in the public finances by crippling economic growth. Analysis by the Growth Commission, an economic advisory group set up by Liz Truss, the former prime minister, suggests mooted tax rises in their most extreme form could knock 8.8pc off GDP growth per …

Rachel Reeves to push forward with £3bn sickness benefits cut in Budget
2 months ago

Rachel Reeves to push forward with £3bn sickness benefits cut in 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. Asked why Labour was pressing ahead with plans made by …

Reeves eyes up to £40bn in tax rises and spending cuts in Budget
2 months, 1 week 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 …

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
2 months, 2 weeks ago

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  

Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today. Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today The grim assessment comes from the respected IFS think-tank as …

Reeves ‘risks jump in interest rates’ by rewriting debt rules
2 months, 4 weeks ago

Reeves ‘risks jump in interest rates’ by rewriting debt rules

The Telegraph  

Rachel Reeves’s “opportunistic” attempt to rewrite Britain’s fiscal rules ahead of the Budget risks causing a surge in interest rates, a leading think tank has warned. The Institute of Fiscal Studies said any move to alter the Chancellor’s self-imposed fiscal rules “would not be without risks”, which comes ahead of her maiden Budget in October. However, the IFS warned that …

Labour’s borrowing figures aren’t just bad, they’re disastrous for its first Budget
4 months ago

Labour’s borrowing figures aren’t just bad, they’re disastrous for its first Budget

The Independent  

A ritual dance takes place after every economic statistic is issued: regardless of the figures, Labour ministers complain about their economic inheritance, while the Conservatives insist they bequeathed an economy that had turned a corner. Today’s performance came after worse-than-expected official figures showed the government borrowed £3.1bn last month, £1.8bn more than in July last year and the highest July …

Rachel Reeves confirms taxes will rise in her first budget in October
4 months, 3 weeks ago

Rachel Reeves confirms taxes will rise in her first budget in October

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. And, setting the scene for a brutal financial statement, she …

UK govt facing £22b financial 'black hole'
4 months, 3 weeks ago

UK govt facing £22b financial 'black hole'

China Daily  

Chancellor of the Exchequer Rachel Reeves speaks during a press conference in London, Britain July 29, 2024. A financial "black hole" has forced the United Kingdom's new Labour Party government to scrap several of the previous administration's projects. Chancellor of the Exchequer Rachel Reeves, the country's finance minister, announced the ditched initiatives on Monday, telling lawmakers the previous Conservative Party …

UK's new Treasury chief says previous government 'covered up' financial turmoil ahead of election
4 months, 3 weeks ago

UK's new Treasury chief says previous government 'covered up' financial turmoil ahead of election

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 Britain’s new Treasury chief is alleging that the previous government covered …

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
4 months, 3 weeks ago

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

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 Britain’s new left-leaning government said Sunday that the nation is “broke …

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances
4 months, 3 weeks ago

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances

Associated Press  

LONDON — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes. “We are calling time on the false promises that British people have had to put up …

Tax rises aren’t the only way to fill a £20bn black hole in government spending
4 months, 4 weeks ago

Tax rises aren’t the only way to fill a £20bn black hole in government spending

The Independent  

Rachel 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 …

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
4 months, 4 weeks ago

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  

Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn. Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn The Chancellor is expected to implement tax increases …

Labour plans to pin its tax bombshell on the Tories… and it might just work
5 months ago

Labour plans to pin its tax bombshell on the Tories… and it might just work

The Independent  

A parliamentary showdown between Keir Starmer and Labour’s band of left-wing MPs was inevitable – though it wasn’t expected quite so soon. Starmer didn’t pick this early fight – it wasn’t in his “first 100 days” script to hit the proverbial ground running – but his action sent a message to Labour MPs tempted to rebel on other issues, and …

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears
6 months, 1 week ago

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears

Associated Press  

LONDON — Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the U.K.'s election, pledging to cut taxes and reduce immigration if his Conservative Party is reelected on July 4. With the Conservatives trailing the left-of-center Labour Party in opinion polls, Sunak acknowledged that “people are frustrated with our party …

Rachel Reeves: Labour won’t raise income tax or national insurance
6 months, 4 weeks ago

Rachel Reeves: Labour won’t raise income tax or national insurance

The Telegraph  

Setting out his core policies earlier this month, Sir Keir made his first key pledge to keep taxes “as low as possible”, without committing to specific cuts. Ms Reeves also insisted there is “not going to be a return to austerity” under Labour, as she was pressed to rule out public sector cuts. I would have to do that if …

Labour’s economic plans explained as Reeves slams Sunak’s economic plans
7 months, 2 weeks ago

Labour’s economic plans explained as Reeves slams Sunak’s economic plans

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 Labour’s Rachel Reeves has accused …

Rachel Reeves hints that people WILL pay more income tax if Labour wins the election as she refuses to commit to unfreezing thresholds dragging workers into higher rates - as she accuses Tories of 'ga
7 months, 2 weeks ago

Rachel Reeves hints that people WILL pay more income tax if Labour wins the election as she refuses to commit to unfreezing thresholds dragging workers into higher rates - as she accuses Tories of 'ga

Daily Mail  

Rachel Reeves suggested that workers face paying more income tax under a Labour government today after refusing to commit to unfreezing static thresholds that have dragged millions into higher rate bands. She sought to get ahead of the Tories' response to a raft of economic data this week, arguing that Jeremy Hunt and Rishi Sunak's likely message of an improving …

Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services, according to experts who say the current situation is 'unsustainable'
8 months, 1 week ago

Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services, according to experts who say the current situation is 'unsustainable'

Daily Mail  

Labour will have to raises taxes yet further to maintain the UK's current level of public spending if it wants to avoid adding to the UK's already huge debt mountain, experts warned today. Despite a huge increase in tax revenues in recent years it is still not keeping up with the growth in public spending, the respected Institute for Fiscal …

Rachel Reeves still has much explaining to do
9 months ago

Rachel Reeves still has much explaining to do

The Independent  

In all likelihood, Britain is only seven months away from a general election that the Labour Party will almost certainly win. Worryingly close to a general election, and the fiscal rules that Ms Reeves says will be so impressively “iron-clad” are still looking decidedly rubbery – and rather thin elastic at that. Ms Reeves almost makes this explicit but, seemingly …

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