Pensioners and the wealthy could be the target of tax increases at Rachel Reeves’s autumn budget if the drastically worsening economic backdrop fails to improve,
Category: UK
Aviation watchdog to look at ‘resilience’ rules after Heathrow closure
Britain’s aviation watchdog will review the rules on “resilience” after Heathrow was closed because of a fire at an electricity substation. Europe’s largest airport was
Sky to cut 2,000 jobs at customer service centres and close three sites in UK
Sky has said it intends to cut 2,000 jobs at its customer service centres and close three sites in the UK, affecting 7% of its
‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – UK politics live
opening presentation by Paul Johnson, the IFS’s director. Johnson said that there is a good chance that Rachel Reeves will have to raise taxes in
UK carbon emissions fell by 4% in 2024, official figures show
The UK’s carbon emissions fell by 4% last year, according to official figures. Provisional statistics published on Thursday by the Department for Energy Security and
250,000 more people will face relative poverty after Rachel Reeves’ benefits cuts, DWP says – spring statement live
impact assessment of the health and disability benefit cuts also says that will put an extra 250,000 people, including 50,000 children, into relative poverty. The
Odds of Bank of England interest rate cut strengthen as inflation falls to 2.8%
The odds of the Bank of England cutting interest rates in May have been strengthened after inflation cooled by more than forecast last month. In
OBR warns of Trump tariff uncertainty as it downgrades UK growth
Rachel Reeves must cope with lower growth and higher borrowing costs this year, as the Treasury’s independent forecaster said the global economic situation was more
Housebuilder Vistry pins hopes on £2bn affordable homes promise as profits fall
Profits at the UK housebuilder Vistry Group have slumped by more than a third in what it described as a “disappointing year” but it is
More than 3m UK families to lose out from benefits cuts
More than 3 million families will lose out as a result of the government’s sweeping cuts to welfare, according to the official analysis, with an