Or to be more precise, she’s perched on "a bed of nitroglycerin". That was the phrase legendary bond investor Bill Gross used in 2010 to describe Britain’s public finances, warning the country...
UK's pension triple lock to cost three times' higher57 minutes agoKevin PeacheyCost of living correspondentGetty ImagesThe cost of the state pension triple lock is forecast to be three times' higher...
Angela Rayner has acknowledged that Labour MPs feel “disheartened and bruised” after the chaotic welfare vote. The Deputy Prime Minister insisted that “we must learn from this and we will”.Ms...
HMRC has issued an urgent warning to anyone using cryptocurrency - and said failing to supply information will lead to fines of £300. From January next year UK crypto holders must provide personal...
Sir Keir Starmer has signed Britain up to a new United Nations agreement which will include higher taxes on the wealthy. The move could risk frustrating the White House, with Donald Trump pulling the...
Rachel Reeves may target millions of middle-income earners with punishing income tax hikes as she is forced to clear up Labour’s welfare mess. The under-pressure Chancellor could also have VAT and...
This week Reform UK leader Nigel Farage said a future government led by him could appoint cabinet ministers from outside Parliament. Drawing some comparison with the American system where top...
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...
Starmer seeks to end speculation about Reeves' future26 minutes agoSam FrancisPolitical reporterBrian WheelerPolitical reporterSir Keir Starmer has sought to calm the markets and end speculation...
No 10 backs Reeves after tearful Commons appearance50 minutes agoBrian WheelerPolitical reporterDowning Street has said Rachel Reeves has the full backing of the prime minister after the chancellor...
Emotions were running higher than normal during PMQs today. None more so than under-pressure Rachel Reeves.The beleaguered Chancellor was ashen-faced and in tears as she sat next to Sir Keir Starmer...
Government makes big concessions to win welfare vote1 hour agoKate WhannelPolitical reporterHouse of CommonsThe government has won a vote on its benefits bill by 75 votes, but only after offering...
Reform UK's Zia Yusuf warned Rachel Reeves against slashing the cash Isa allowance. The Chancellor is reportedly poised to announce plans to limit the £20,000 annual tax-free cap.But Mr Yusuf, who...
Labour MPs press Kendall on rollout of benefit changes29 minutes agoKate WhannelPolitics reporterHouse of CommonsWork and Pensions Secretary Liz Kendall has faced repeated questions from Labour MPs...