Taxes may have to rise in the autumn, economists have warned, despite big benefit cuts and spending reductions in Wednesday’s Spring Statement. The Institute for Fiscal Studies think tank said Chancellor Rachel Reeves’s headroom to deal with economic risks, like Donald Trump’s tariffs, was “very small”. Director Paul Johnson said there was a “good chance” […]
Rachel Reeves has said she will not accept free concert tickets again, following a backlash over her attendance at a Sabrina Carpenter gig. She has repeatedly defended her decision to accept tickets worth £600 for her and a family member to watch the American singer from a box at London’s O2 arena. She argued it […]
Chancellor Rachel Reeves has set out her plans for the UK economy in her Spring Statement and is on track to meet her self-imposed rules on the public finances, which she has said are “non-negotiable”. On the face of it, that sounds like a good thing. So why are people saying that she may struggle […]
Chancellor Rachel Reeves has set out her plans for the UK economy during her Spring Statement in the House of Commons. It came as the Office for Budget Responsibility (OBR) – which monitors the government’s spending plans – unveiled its latest economic forecasts. Here is a summary of the main points. Welfare changes Economic forecasts […]
