Keir Starmer and Rachel Reeves have initiated high level discussions to shape the upcoming autumn budget, setting the stage for expected tax increases and economic reforms. As the UK confronts
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Spending by British shoppers in the European Union has soared to record levels, with figures showing a more than fivefold increase in VAT free purchases over four years. Data from
Sir Keir Starmer has refused to rule out tax increases for the self-employed, adding fresh ambiguity to Labour’s pledge not to impose additional tax burdens on “working people.” The Labour
Britain has seen more billionaires leave its shores than any other country over the past two years, sparking concerns that additional departures could follow if a wealth tax is introduced.
The Deputy Treasury Chief, Darren Jones, has sparked fresh discussion over Labour’s stance on taxation, particularly who qualifies as a “working person” under their manifesto commitments. As the party battles
The UK government has confirmed that Labour’s £13.2 billion Warm Homes Plan will not face cuts during the upcoming spending review. This announcement signals a decisive victory for Ed Miliband,
The government is reportedly considering changes to salary sacrifice schemes for pensions and benefits in kind, as pressure mounts to address the growing fiscal deficit. Recent surveys commissioned by HM
The British taxpayer is set to provide critical support to Nissan, the struggling Japanese car manufacturer, with a £1 billion loan guarantee through UK Export Finance (UKEF). This financial backing
Taxpayer funding for the nationalised British steelmaker, Sheffield Forgemasters, has exceeded £400 million, as confirmed by the Ministry of Defence (MoD). This funding, intended to be distributed over a ten-year
Chancellor Rachel Reeves’ ambitious fiscal policies could see her forced into raising taxes or cutting public spending by up to £60 billion before the next general election, according to leading
In a significant shift in fiscal policy Chancellor Rachel Reeves has announced plans that are set to increase the tax burden to unprecedented levels. The proposed changes come in the
More than seven million Britons are now claiming sickness benefits, according to official figures, marking an increase of 1.8 million since 2019. Data shows that one in ten working-age adults
Whistleblowers in the UK could stand to earn significant financial rewards for exposing tax avoidance and fraud under a new scheme outlined by the Treasury. Inspired by similar programmes in
The UK’s business landscape has witnessed a notable contraction, with the number of companies registered at Companies House declining in the final quarter of 2024. For the first time since
In a strategic move to mend strained relations with the farming community, the Labour government has unveiled ambitious plans to transform public sector food procurement. The initiative, spearheaded by Environment
Rachel Reeves’s £9.9bn fiscal buffer has been completely eroded due to sluggish economic growth and rising market interest rates, economists at the National Institute of Economic and Social Research (Niesr)