Government borrowing in the United Kingdom surged to £132.3 billion between April and November, marking the second-highest level for this period, according to the latest figures from the Office for
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Britain is increasingly reliant on high taxation to bolster public finances amid lacklustre economic growth, according to the head of the International Air Transport Association. Willie Walsh, director general of
Chancellor Rachel Reeves has opted to place a freeze on income tax thresholds at the core of the upcoming budget, abandoning plans for an increase in the basic income tax
Sir Keir Starmer and Rachel Reeves have abandoned plans that would have broken Labour’s manifesto pledge not to increase income tax rates in the forthcoming budget. Senior officials indicated that
The Bank of England has issued a robust defence of its quantitative easing programme following criticism from Nigel Farage, leader of Reform UK, who cautioned that taxpayers could face a
Electric vehicle owners across the United Kingdom are set to encounter a significant shift in motoring costs, as the government prepares to unveil a new pay-per-mile tax in the forthcoming
For over a decade, successive UK governments have sidestepped the thorny issue of raising fuel duty. Despite regular expectations from the Office for Budget Responsibility that rates would increase in
An investigation by MPs has revealed that billions of pounds have been wasted by the Home Office on housing migrants in hotels, as a result of flawed contract management and
Labour is facing mounting calls to permit individuals to access their state pension up to three years early as the future of the triple lock guarantee comes under the spotlight.
Rachel Reeves, the Chancellor, is set to call upon wealthier individuals to contribute more in taxes as she faces a significant financial shortfall in the public finances. According to Treasury
When Rachel Reeves strode into the Treasury just over a year ago pledging to make it the most pro-growth exchequer in the UK’s history, few could have foreseen the difficult
Britain’s independent fiscal watchdog is poised to deal a significant blow to Chancellor Rachel Reeves, with the Office for Budget Responsibility (OBR) expected to downgrade its forecasts by up to
Sir Keir Starmer is set to warn that his government’s plans to rebuild Britain will not come without a cost, as he lays the groundwork for tax increases and fiscal
Rachel Reeves, the Chancellor, has been cautioned by leading analysts over risks of a repeat of the mini budget fiasco experienced during Liz Truss’s tenure, as the cost of new
UK Chancellor Rachel Reeves faces mounting pressure to increase taxes in the forthcoming November budget after official figures revealed government borrowing soared to a five year high in August. Data
For decades, French retirees have enjoyed an enviable standard of living, departing the workforce as early as 62 and benefiting from one of the most generous state pension systems in
