Rachel Reeves to hike taxes by up to £16 billion in October Budget, warn economists
As the October 30 Budget looms, Rob Wood, chief UK economist at Pantheon Macroeconomics, stressed that Ms Reeves will need to spend more than the one per cent year-over-year real public spending increases which had been pencilled in by her predecessor Jeremy Hunt.
Rachel Reeves considers raising alcohol duty in Budget
Rachel Reeves is considering increasing alcohol duties at next month’s Budge t. The Chancellor has not ruled out putting up tax on beer, wine and spirits as part of efforts to plug what Labour claims is a £22 billion hole in the public finances.
Rachel Reeves will 'no doubt' target one particular HMRC tax in Budget
HMRC has raked in an extra £300m for inheritance tax - sparking fears Rachel Reeves will "no doubt" target the levy in the forthcoming Autumn Statement. Chancellor Reeves, from the Labour Party government,
Labour tax horror: Rachel Reeves 'could seek' shock 'cap' on ISA savings in October Budget
Analysts are sounding the alarm over a potential pending tax raid from Labour on Britons' savings ahead of the Autumn Budget next month. Sir Keir Starmer has warned of a "painful" Budget on October 30 with Chancellor Rachel Reeves reiterating "tough decisions" are to be made to plug the £22billion "black hole" in the public finances.
Reeves takes £197m in capital gains tax as investors rush to sell before the Budget
A record amount of capital gains tax (CGT) was paid last month as landlords and investors rushed to sell up ahead of the Budget. HM Revenue & Customs (HMRC) pocketed £197m amid growing speculation that Rachel Reeves could align CGT with income tax bands next month.
Rachel Reeves urged to reverse winter fuel decision after £10bn boost to UK economy
Chancellor Rachel Reeves has been urged to roll-back on her Scrooge-like cuts to winter fuel payments for millions of pensioners after the Bank of England announced a £10 billion boost to the British economy.
Rachel Reeves ‘demands’ pictures of men removed from Downing Street state room
Rachel Reeves has demanded that pictures of men by male artists are removed from the state room in No 11 Downing Street. The ...
Rachel Reeves under pressure to axe winter fuel cut after £10billion Bank of England windfall
The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...
Rachel Reeves told winter fuel cut ‘no longer necessary’ as UK given £10bn boost
Rachel Reeves is under pressure to re-think the winter fuel allowance cut after the Bank of England threw the Chancellor a ...
Rachel Reeves is about to embark upon a massive debt binge
While speculation is mounting about the tax raids that Rachel Reeves will carry out in her maiden Budget, the Treasury is ...
UK debt hits 100% of GDP, adding to Rachel Reeves' headache
British government debt hit 100% of economic output for the first time in recent history and there was another large budget ...
Keir Starmer, Rachel Reeves and Angela Rayner say they'll no longer accept free clothes
Sir Keir Starmer, alongside the Chancellor Rachel Reeves and his deputy PM Angela Rayner, made the bombshell announcement on ...
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Rachel Reeves 'will press ahead with winter fuel payment cut' despite £10 billion Bank of England windfall
Chancellor Rachel Reeves is still expected to press ahead with her plan to cut the winter fuel payment for millions of ...
UK Deficit Overshoots, Debt at 100% of GDP in Blow to Reeves
UK government borrowing came in higher than forecast in the first five months of the fiscal year, keeping Chancellor Rachel ...
New headache for Rachel Reeves as public borrowing hits 100% of GDP for first time since 1961
The public finances have been put under enormous strain by the costs of responding the triple whammy of the financial crisis, ...
Economists have urged Rachel Reeves to loosen the purse strings – here’s why it’s not that easy
A group of economists wants Reeves to raise public investment – but her plans so far point to a tight squeeze on spending.
Rachel Reeves Leeds: Chancellor says visible police presence would deter crime - after YEP campaign launched
The Chancellor has said that a more visible police presence would deter offenders, after the Yorkshire Evening Post launched ...