Rachel Reeves, the Chancellor, has received an unexpected boost to her forthcoming budget as the Office for National Statistics (ONS) revealed public borrowing figures had been overstated by a cumulative
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The latest assessment from the Office for Budget Responsibility (OBR) has thrust Chancellor Rachel Reeves and the Labour government into an unenviable fiscal position. With the OBR downgrading its forecasts
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
Analysts at Wood Mackenzie, a world leader in energy data, have revealed that Britain’s North Sea could hold up to three times more recoverable oil and gas than currently estimated
The UK government’s decision to maintain windfall taxes and impose drilling restrictions in the North Sea could cost the Treasury £10bn in lost tax revenue by 2030, analysts have warned.
The head of the Confederation of British Industry, Rain Newton-Smith, has called on Chancellor Rachel Reeves to reconsider Labour’s pledge not to raise taxes on working people, amidst concerns over
Kemi Badenoch’s latest announcement to overturn existing policies on North Sea oil and gas was met with instant criticism from environmental groups. Recently installed as Conservative leader, Badenoch has proposed
Close to one billion pounds was erased from the stock market value of some of Britain’s leading retailers on Tuesday as rising anxiety over potential tax hikes and job losses
Rachel Reeves faces a mounting economic challenge as she prepares for the autumn budget, following a surge in UK government borrowing costs that have reached near three decade highs. The
Senior Treasury officials are evaluating ambitious plans to replace stamp duty with a national property tax targeting homes sold for more than £500000. The proposal, being scrutinised ahead of this
The recent abolition of the non-dom tax regime has ignited debate across Britain’s financial and construction communities, as influential voices call for a re-evaluation of the move’s impact on foreign
Britain’s leading retailers have cautioned that further tax rises in the upcoming autumn budget may force shops to increase prices, deepening the pressure on household finances and threatening more job
British employers’ hiring confidence has plummeted to its lowest level in 13 years, despite indications of a summer uptick in economic output. The BDO Business Trends barometer reveals this significant
British businesses are preparing significant workforce reductions and price increases in response to the £25 billion rise in payroll taxes introduced by Chancellor Rachel Reeves during the October budget, according
The Chancellor, Rachel Reeves, is expected to face significant fiscal challenges at the upcoming Spring Statement, scheduled for 26 March 2025. The Office for Budget Responsibility (OBR) is set to
In a bold economic gambit, Rachel Reeves’s £25 billion tax raid could inadvertently push British businesses towards increased automation and technological investment. This strategic move, whilst potentially devastating for some
