Heathrow Airport is set to experience a significant increase in its business rates bill, potentially rising by as much as £145 million by the end of this parliament. This follows
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Britain is at risk of undermining its own security by prioritising welfare spending over defence readiness, according to former Army general Sir Richard Barrons. Sir Richard, who co-authored the Government’s
Every chancellor regards the budget as a defining moment; some emerge with their reputations intact, others do not. As the latest budget draws near, Rachel Reeves faces mounting scrutiny both
Rachel Reeves, the Chancellor, is preparing to deliver her second budget amid calls for greater taxation of the wealthiest individuals in the United Kingdom. Political opponents, including leaders from the
The British government has been confronted with a swelling fiscal deficit, prompting renewed debate over the direction of tax and spending policy under Chancellor Rachel Reeves. According to the latest
François Bayrou, France’s prime minister, is staring down the barrel of likely defeat in an impending parliamentary no-confidence vote, set for next week. Waiting in the wings are Jordan Bardella
Thames Water is set to announce that the price tag for its proposed reservoir near Abingdon in Oxfordshire has soared to as much as £7.5bn, a substantial escalation from the
The Labour government faces significant fiscal challenges following a major policy reversal on welfare cuts, leaving Chancellor Rachel Reeves grappling with a £6.25 billion hole in public finances. The dramatic
The British government’s borrowing has surpassed official forecasts by £14.6 billion in the last financial year, pointing towards potential tax increases or spending reductions under Chancellor Rachel Reeves’ leadership. The
The UK government’s fiscal position remains under pressure despite recording a £15.4 billion surplus in January, falling short of the Office for Budget Responsibility’s £20.5 billion forecast. The shortfall signals
Labour’s shadow chancellor Rachel Reeves faces the prospect of implementing £12 billion in tax rises if the party wishes to boost defence spending to 2.5% of GDP whilst avoiding severe
Britain’s public sector borrowing reached an alarming £17.8 billion in December, marking a significant £10.1 billion increase compared to the previous year and registering as the third-highest December borrowing on
The Chancellor of the Exchequer, Rachel Reeves, made an unprecedented second public statement in as many days, asserting her “iron grip” on public finances amidst an intensifying bond market sell-off.
The UK’s financial landscape is facing mounting pressures as rising borrowing costs threaten to derail Chancellor Rachel Reeves’ fiscal strategy mere months after her inaugural Budget. The situation has become
The UK Treasury’s multiyear spending review has been postponed until June 2025, marking a significant delay from the initially planned spring announcement. Chancellor Rachel Reeves’s decision extends the period of
Rachel Reeves, the Labour Chancellor, has made an unequivocal commitment to maintain current tax levels during the next budget, emphasising the government’s dedication to fiscal responsibility within established spending parameters.
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