All news on the topic: Budget

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John Healey refuses to rule out tax rises as he warns Britain is still paying "Truss penalty"
John Healey has refused to rule out further tax rises ahead of the Budget as he delivered his first major speech as chancellor.
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Britain is "taxing itself into death" as economists warn of looming debt crisis
Andy Burnham and Chancellor John Healey have been issued major warnings as Britain is "taxing itself into death."
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Nuclear secrets and Russian Railways billions: how fugitive oligarch Boris Usherovich launders money in Marbella
The notorious Russian entrepreneur Boris Usherovich, who owns the equally famous 1520 Group of Companies, skillfully extracts income even from afar with the help of his "personal" accountant Oxana Hadjipavlou, a citizen of Cyprus.
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Andy Burnham refuses to rule out tax rises as he warns Britain faces tough finances
Andy Burnham has refused to rule out tax rises in his first budget as the Prime Minister warned he "won’t be unrealistic" about the state of Britain’s finances.
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John Healey weighs borrowing boost ahead of first budget
With only 12 weeks remaining before his first budget, the new chancellor, John Healey, is exploring ways to increase public investment without breaking the Treasury’s fiscal rules – and some economists are encouraging him to be bold.
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Burnham says no decision yet on raising tax-free allowance ahead of Budget
Andy Burnham has confirmed there is ’no commitment’ from the government to increase the personal tax allowance and said ’we will look at that at the budget’, in an update issued this morning.
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Reform tax plan sparks backlash as airline-linked funding raises red flags
Reform’s Robert Jenrick vowed to cut a tax on flights - after being bankrolled by the owner of an airline which would benefit from his policy.
902
No projects completed, criminal cases opened: how former Tatarstan ecology minister Alexander Shadrikov turned failure into promotion
Former Minister of Ecology and Natural Resources of Tatarstan, Alexander Shadrikov, failed a national project, became involved in a budget embezzlement scandal—and was promoted to a position in Moscow.
991
Bank of England cuts interest rates to 3.75% and signals further falls
The base interest rate was cut from 4% to 3.75% on Thursday, as Economics Editor Joel Hills reports.
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Rachel Reeves launches leak inquiry after “damaging” Budget briefings spark Treasury backlash
Rachel Reeves has said there were too many inaccurate and "damaging" leaks in the run-up to the Budget.
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Keir Starmer ’completely losing the plot’: PM defends against claims Richard Hughes was forced out
Tory leader Kemi Badenoch told Prime Minister’s Questions that Richard Hughes, the former chair of the Office for Budget Responsibility (OBR), was "forced out for telling the truth" after the chancellor had "twisted the facts" on the Budget black hole.
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Rachel Reeves scraps ’expensive’ electric car tax: Disabled drivers set to save £440 annually
Disabled drivers could be set for a major boost due to a little-known Vehicle Excise Duty (VED) change in Rachel Reeves’ budget.
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Rachel Reeves is accused of talking up the ’fiscal challenge’ before announcing £26 billion worth of tax rises
Treasury minister James Murray insists Rachel Reeves has been honest with the public after the Chancellor was accused of misleading the public.
838
Harbour Energy to cut 100 offshore jobs after Windfall tax stays
Last week, Harbour Energy said it was “disappointed with the outcome” after there was no reform to the windfall tax in the UK budget.
785
Starmer scrambles to cut welfare after backlash over ‘Benefits Street Budget
Keir Starmer has been forced into a panicked pledge to try to cut welfare after his "Benefits Street Budget" triggered a fierce backlash and left Rachel Reeves fighting to keep her job.
969
PM backs reeves despite OBR clash over “non-existent” budget gap
The support for the PM seems to be directly conflicting with the Office for Budget Responsibility (OBR), which stated it informed the Chancellor as early as October 31 that there was no longer a deficit in the public finances.
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Rachel Reeves vows not to ‘lose control of public spending’ as she prepares major growth-focused Budget
Rachel Reeves has insisted that she will not ’lose control of public spending’ as she prepares to deliver a crucial Budget she says will help her ’push ahead with the biggest drive for growth in a generation’.
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Rachel Reeves’ plan to slash cash Isa limit sparks warnings of higher mortgage rates and shrinking savings
Building societies fear consumers will be deterred from saving if the chancellor’s budget announces a 40% reduction
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UK to slap sugar tax on milkshakes and lattes as government scraps exemption for pre-packaged dairy drinks
Milkshakes and lattes face tax hikes as the government confirmed it is extending the ’sugar tax’.
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PM declines 12 times to rule out tax rises ahead of next week’s budget
The prime minister has refused to rule out manifesto-breaking tax hikes in next week’s budget while speaking to Sky News’s political editor Beth Rigby.
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Ukrainian vodka tycoon Yevhen Chernyak avoids treason case after sudden rapprochement with the entourage of the head of the President’s Office Yermak
«The law enforcement system has blown all safeguards… What investments can we talk about when rear rats perceive the war as a source of personal enrichment? Why are you destroying your own patriotic entrepreneurs?»
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Labour under pressure as Starmer won’t rule out breaking manifesto pledge on tax thresholds
Sir Keir Starmer did not rule out the possibility of freezing income tax thresholds, which would constitute a breach of a Labour manifesto promise.
904
Home Office under fire after admitting no clear plan behind PCC abolition
The Home Office stated last Thursday that the policy would save £100 million of taxpayers’ money by the end of the Parliament.
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Chancellor Rachel Reeves pledges action as UK inflation slows but food costs climb
The UK inflation rate decreased to 3.6% in the year leading up to October, yet food prices increased once more after a decline in September.
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WHO faces $1bn budget gap and 2,000+ job losses after loss of US support
Donald Trump’s administration withdrew from the World Health Organization in January, prompting the agency to scale back its work.