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Rachel Reeves to hike taxes by up to £16 billion in October Budget, warn economists
As the October 30 Budget looms, Rob Wood, chief UK economist at Pantheon Macroeconomics, stressed that Ms Reeves will need to spend more than the one per cent year-over-year real public spending increases which had been pencilled in by her predecessor Jeremy Hunt.
Raising fuel duty in Budget will lead to spike in inflation, Rachel Reeves warned
RACHEL Reeves is being warned not to raise fuel duty in the Budget as it would lead to a spike in inflation, campaigners say. The Chancellor faces deafening calls to maintain the 5p-a-litre
China Budget Spending Slide Deepens in Worrying Sign for Economy
China’s broad budget expenditure shrank at a faster clip amid an unprecedented drop in income earned by local governments from land sales, an alarming sign for an economy desperately in need of fiscal support.
'Painful' Budget warning spooks people's confidence
GfK's Consumer Confidence Barometer has tumbled further into negative territory since the end of August. The index had been recovering after the years of the Covid pandemic, rising prices and higher interest rates had dented the outlook for many.
6h
on MSN
Rachel Reeves is about to embark upon a massive debt binge
While speculation is mounting about the tax raids that Rachel Reeves will carry out in her maiden Budget, the Treasury is ...
8h
on MSN
Rachel Reeves under pressure to axe winter fuel cut after £10billion Bank of England windfall
The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...
1h
Keir Starmer, Rachel Reeves and Angela Rayner say they'll no longer accept free clothes
Sir Keir Starmer, alongside the Chancellor Rachel Reeves and his deputy PM Angela Rayner, made the bombshell announcement on ...
5h
on MSN
Rachel Reeves ‘demands’ pictures of men removed from Downing Street state room
Rachel Reeves has demanded that pictures of men by male artists are removed from the state room in No 11 Downing Street. The ...
11h
UK debt hits 100% of GDP, adding to Rachel Reeves' headache
British government debt hit 100% of economic output for the first time in recent history and there was another large budget ...
9h
Rachel Reeves told winter fuel cut ‘no longer necessary’ as UK given £10bn boost
Rachel Reeves is under pressure to re-think the winter fuel allowance cut after the Bank of England threw the Chancellor a ...
11h
UK Deficit Overshoots, Debt at 100% of GDP in Blow to Reeves
UK government borrowing came in higher than forecast in the first five months of the fiscal year, keeping Chancellor Rachel ...
LBC
5h
Rachel Reeves 'will press ahead with winter fuel payment cut' despite £10 billion Bank of England windfall
Chancellor Rachel Reeves is still expected to press ahead with her plan to cut the winter fuel payment for millions of ...
1d
Economists have urged Rachel Reeves to loosen the purse strings – here’s why it’s not that easy
A group of economists wants Reeves to raise public investment – but her plans so far point to a tight squeeze on spending.
11h
New headache for Rachel Reeves as public borrowing hits 100% of GDP for first time since 1961
The public finances have been put under enormous strain by the costs of responding the triple whammy of the financial crisis, ...
5h
on MSN
Reeves takes £197m in capital gains tax as investors rush to sell before the Budget
A record amount of capital gains tax (CGT) was paid last month as landlords and investors rushed to sell up ahead of the ...
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Angela Rayner
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