It’s been a hellish week for the Chancellor. On Wednesday, she broke down in the Commons after Keir Starmer pointedly refused to say her job was safe. And for a moment, the UK finances were on the...
Rachel Reeves could be forced to hike taxes by £40 billion after a string of U-turns and concessions swallowed her financial headroom. Following pressure from Labour backbenchers, the Government was...
Nobody should cheer that. But it’s impossible to ignore the fact that the Chancellor has made mistake after mistake, with little sign she’s learned from any of them.She tanked sentiment the...
In March, I delivered some unwelcome news: the state pension isn’t an entitlement. It’s a state benefit, just like any other.Many readers weren’t happy. They wrote in, insisting the pension is...
Labour’s disability benefits U-turn has blown a £3billion hole in her plans, possibly more. That’s on top of the £1.5billion cost of reinstating winter fuel payments. PM Keir Starmer has...
Rachel Reeves is heading for a major blow in the coming days as forecasters say figures will show Britain’s economy shrank in the second quarter of 2025. Despite repeated pledges to get the economy...
Spending Review: When is it and what might Rachel Reeves announce?22 hours agoDearbail JordanBusiness reporter, BBC NewsReutersChancellor Rachel Reeves faces difficult choices in this week's Spending...
On Wednesday, she said she wouldn't hike any of the big three taxes in her autumn Budget: income tax, national insurance (NI) and VAT.But that still leaves a lot she can do. Economists reckon...
Keir Starmer is set to give the NHS a £30billion boost in next week's spending review – at the expense of other struggling public services.The Department of Health and Social Care is expected to...
The inflation rate in the Eurozone has fallen to 1.9%, below the European Central Bank's 2% target, for the first time in seven months. This comes as US and UK inflation remains stubbornly stuck on...
For once, she was right. But what happened in practice? We got the taxes, but not the growth.That sums up our hapless Chancellor. What should happen, doesn’t. What shouldn’t happen, does. And...
The UK risks absorbing the equivalent of a city the size of Edinburgh every year unless sweeping immigration reforms are introduced, Home Office officials have warned. They say the expected fall in...
More tax hikes are looming because Rachel Reeves is on track to miss her key fiscal rules, a think tank has warned.Economic growth is also on track to be weaker than previously expected this year,...
And maybe – just maybe – she won’t. After all, she kept her Spring Statement promise of no tax rises.Last week, Reeves suggested in The Daily Telegraph that no tax hikes were planned. Yet her...
Rachel Reeves could be forced to break Labour's pledge not to raise taxes for working people, economists have warned. Donald Trump's tariffs on US imports are set to hit Britain’s economic growth,...