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UK Budget

  • Monday, 5 August, 2024
    Labour has the UK’s wealthier over-65s in its sights

    Removing winter fuel subsidies for all but the poorest pensioners, is the first of many tough choices, the chancellor has warned

    Montage of two pension age people in front of a vote share graphic
  • Thursday, 1 August, 2024
    Chris Giles
    Reeves has more legacy junk to ditch as the Treasury sorts out its finances

    The difficult reality is a recognition that we will have to spend more and get less than promised from public services

    A woman in a suit stands to deliver a speech  in the UK parliament hall
  • Wednesday, 31 July, 2024
    UK government spending
    Labour’s black holes and revelations

    Macro cuts

  • Tuesday, 30 July, 2024
    UK public finances
    Who is to blame for the UK government’s overspending?

    Recriminations fly after Reeves’s claim of £22bn black hole

    Chancellor Rachel Reeves and her predecessor Jeremy Hunt
  • Monday, 29 July, 2024
    The FT ViewThe editorial board
    Britain’s tough fiscal choices

    Growth measures should not be sacrificed to plug ‘black hole’ in public finances

    Chancellor of the Exchequer Rachel Reeves in her office at no 11 Downing Street, London, ahead of her statement to the House of Commons on the findings of the Treasury audit into the state of the public finances.
  • Sunday, 28 July, 2024
    UK tax
    Rachel Reeves to accuse Tories of ‘covering up’ true state of public finances

    Conservatives say Labour is ‘scamming’ British people by paving the way for tax rises

  • Friday, 26 July, 2024
    UK government spending
    Reeves to delay infrastructure projects to address ‘fiscal hole’

    Chancellor’s problems exacerbated by recommendations that public sector workers should get pay rises that are well above inflation

    Rachel Reeves
  • Thursday, 25 July, 2024
    UK government spending
    Reeves set to disclose £20bn shortfall in government funding plans

    Chancellor will outline results of an audit of finances likely to pave way for tax rises this year

    The US Secretary of the Treasury, Janet Yellen (R), shakes hands with UK Chancellor of the Exchequer, Rachel Reeves
  • Thursday, 25 July, 2024
    UK tax
    UK family-owned businesses urge Labour to keep inheritance tax relief

    Lobby group’s warning comes as government lays ground for tough autumn Budget

    HM Revenue and Customs (HMRC) logos
  • Monday, 22 July, 2024
    UK government spending
    Starmer raises prospect of scrapping child benefit cap

    Ex-chancellor Hunt claims Labour government is ‘softening us up for colossal U-turn’ on higher taxes

    Mother with children walking home
  • Monday, 22 July, 2024
    UK economy
    UK needs ‘significantly higher’ growth to avoid tough Budget measures, IMF warns

    Estimates offer stark illustration of challenges facing Rachel Reeves as she prepares for autumn Budget

    Shoppers walk along the high street in Chatham, UK
  • Sunday, 21 July, 2024
    UK public finances
    UK ministers point to tough autumn Budget and possible tax rises

    Rachel Reeves to give statement on Labour’s ‘spending inheritance’ as new government grapples with early crises

    Rachel Reeves
  • Friday, 19 July, 2024
    UK public finances
    UK public sector borrowing higher than expected in June

    Figures highlight challenges for new Labour government of funding its economic agenda

  • Wednesday, 17 July, 2024
    Reeves to outline law aimed at preventing another Truss-style Budget

    Bill would make big fiscal announcements subject to oversight by watchdog

    Rachel Reeves
  • Wednesday, 17 July, 2024
    Chris Giles
    Labour’s moment to blame, borrow and tax

    The coming fiscal statement will set an economic baseline for the new government

    Close up of a smiling Rachel Reeves in front of UK flag
  • Friday, 12 July, 2024
    The Big Read
    How will Rachel Reeves run the UK’s finances?

    The chancellor’s mission to stoke economic growth faces dire headwinds, and might call for harsh trade-offs

  • Monday, 8 July, 2024
    Adam Smith
    An early Budget may prove tricky for Rachel Reeves

    The new chancellor may want to get going but the OBR’s timetable could make that difficult

    Chancellor Rachel Reeves prepares to give a speech at the Treasury
  • Friday, 5 July, 2024
    UK public finances
    Reeves faces daunting fiscal choices at helm of ‘pro-growth’ Treasury

    New UK chancellor will try to boost output and avoid imposing drastic cuts on frayed public services

    Rachel Reeves arrives at 10 Downing Street
  • Wednesday, 19 June, 2024
    Chris Giles
    Labour can increase spending without raising tax

    It involves austerity, some quirks in UK fiscal rules and ensuring government action requires private investment

    A woman in a blue dress suit
  • Tuesday, 11 June, 2024
    News in-depthUK general election 2024
    Sunak’s £17bn tax cut vow based on questionable plans, analysts warn

    PM’s claim that policy can be funded by reining in tax dodging and welfare spending is met with scepticism

    Montage of Rishi Sunak against a backdrop of the Conservative manifesto costings document
  • Friday, 31 May, 2024
    Pensions
    Retirees urged to be cautious over pension tax changes

    Industry fears return of the lifetime allowance if Labour wins the election

    Shadow chancellor Rachel Reeves
  • Tuesday, 28 May, 2024
    UK general election 2024
    Reeves rules out surprise UK tax rises

    Shadow chancellor also indicates speedy post-election Budget not on the agenda

    Rachel Reeves
  • Thursday, 23 May, 2024
    A sell-side guide to the economically inconsequential UK election

    Things can only get better, worse, or stay roughly the same

  • Friday, 17 May, 2024
    UK politics
    Hunt signals pre-election tax cut as Tories move on to campaign footing

    UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speech

    Chancellor Jeremy Hunt delivers a speech in London on Friday
  • Tuesday, 14 May, 2024
    UK tax
    Labour faces non-dom ‘black hole’, Tories claim

    Treasury analysis suggests inheritance tax measure will raise hundreds of millions less than expected

    Rachel Reeves outside the Bank of England
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