Finance

Rachel Reeves plans to completely remove the two-child benefit cap in the November budget, a move that could cost over £3bn but lift 350,000 children out of poverty.

HMRC is re-evaluating decisions to remove child benefit payments from 23,500 individuals after using their travel data to determine they had left the UK.

Drivers using electric vehicles (EVs) could face a new pay-per-mile tax in Rachel Reeves’s Budget, according to reports.

The average price of a home in the UK is set to hit £440,000 by 2030, new data has shown.

The BBC has spent over £18m on taxis, hotels, and trains for staff and contributors in just the last three years, an LBC investigation has revealed.

Marks and Spencer’s profits have more than halved after suffering a major cyberattack earlier this year, which led to a more than 40% drop in online home and fashion sales when the company was forced to suspend website orders.

Business Secretary Peter Kyle has pledged his support for British industries with an announcement of £420 million energy savings but declined to comment on whether they would face tax rises in the upcoming Budget.

Victims of the car loans scandal could miss out on more than £4bn in compensation if the City regulator proceeds with plans for an “insulting” interest rate in its redress scheme, consumer groups and claims firms say.

A long-hoped-for footbridge across the River Lea could be built in 2027 – after nearly £10million was put up by two councils to fund it.

The UK government will provide an additional £5 million in emergency humanitarian funding to support the Caribbean region’s recovery from Hurricane Melissa.

People with disabilities are "deeply concerned" that they might experience financial difficulties due to speculation that Chancellor Rachel Reeves might announce changes to the Motability car-lease scheme in the upcoming Budget next month.

Richard Branson’s train company is a step closer to challenging Eurostar’s monopoly on transporting passengers across the Channel after the UK rail regulator approved Virgin Train’s application to use a key depot in east London.

Brexit is partly responsible for high inflation in the UK, according to Rachel Reeves, as she advocated for rebuilding ties with the EU.

Amazon is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to reduce expenses and address overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

If you’ve been walking along UK high streets recently, you probably have noticed a wave of shop closures and empty units.

Crime costs Britain £33 billion a year in treatment for victims, damaged or lost property, and preventative measures, according to analysis by the Tories.

London’s famous distilleries have warned they are being “crushed” by Government tax hikes.

Rachel Reeves is reportedly preparing to launch a £2 billion tax raid on high-earning lawyers, family doctors, and accountants.

The company behind Revolution bars has put itself up for potential sale in light of declining sales over the past three months.

Britain’s largest weapons manufacturer, BAE Systems, has quietly ceased support for a fleet of aircraft delivering "life-saving" humanitarian aid to some of the world’s poorest countries.

Rachel Reeves is considering raising income tax in the Budget despite Labour’s manifesto pledge to leave it untouched, reports claim.

Amazon intends to shut down all of its Amazon Fresh stores in the United Kingdom to concentrate on online grocery services.

The Scottish Government is urging the UK Government to cover the £26 million cost of Donald Trump and JD Vance’s recent visits to Scotland, stating it has so far declined.