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The Guardian Politics23 Apr 2026

UK undershoots annual borrowing target by £700m

But Iran war likely to blow hole in Rachel Reeves’s carefully crafted fiscal ‘headroom’ in coming months The UK government came in below its annual borrowing target by £700m, official figures show – but the Iran war is likely to blow a hole in Rachel Reeves’s carefully calculated fiscal “headroom” over the coming months. The government borrowed a net total of £132bn for the financial year ending in March, the Office for National Statistics said. This slightly undershot the £132.7bn that the Offi

EconomyDefence
Guido Fawkes22 Apr 2026

DSIT Staff Hike Taxpayer-Funded Hotel Use by Almost a Third in One Year

Civil servants at Liz Kendall’s Department of Science, Innovation, and Technology have spent more than 2,000 more nights in hotels this year. At a commensurate cost to the taxpayer… Guido’s FOI Unit has found that DSIT staff have spent almost £1.5 million on hotel stays in 2025/26 so far compared to only £1.1 million in…

Economy
The Guardian Politics22 Apr 2026

Taxes on UK workers have risen at fastest rate in rich world, says OECD

Survey by global economic forum shows ‘tax wedge’ in Britain increased to 32.4% of income in 2025 Business live – latest updates Taxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the Organisation for Economic Cooperation and Development. With Labour under pressure on the economy amid the Iran war, the OECD said a key measure of the total tax paid by workers and their employers rose by the most in the 38-member club of rich nations

EconomyDefence
Guido Fawkes22 Apr 2026

Economic Optimism Falls to Lowest Level Since 1978

Some damning research from Ipsos’ tracker, which shows that optimism in the economy is at its lowest level since records began: “Net economic optimism in Britain has fallen to the lowest levels ever recorded since Ipsos began collecting this data in 1978. 78% of Brits expect the economy to get worse over the next 12…

Economy
BBC Politics22 Apr 2026

UK inflation rises after Iran war pushes up fuel prices

The figures provide the first official look at the impact of the Iran war on the cost of living in the UK.

EconomyDefence
BBC Politics22 Apr 2026

UK inflation rises after Iran war pushes up fuel prices

The figures provide the first official look at the impact of the Iran war on the cost of living in the UK.

EconomyDefence
Express Politics22 Apr 2026

Big update on call to raise personal tax threshold to £18,000 as hits key milestone

Chancellor Rachel Reeves' Treasury now must make an official response

Economy
Guido Fawkes22 Apr 2026

Inflation Rises to 3.3% in March

New figures from the Office for National Statistics show consumer price inflation rose to 3.3% in March from 3%. The first Iran war reading… Fuel costs drove the increase: “Prices in the transport division rose overall by 4.7% in the 12 months to March 2026, up from 2.4% in the 12 months to February.” Steepest…

EconomyDefence
Express Politics22 Apr 2026

Rachel Reeves blames Iran crisis for nightmare hike in inflation hiking energy bills

UK inflation lifted to its highest since December after a sharp jump in diesel and petrol prices caused by the conflict in the Middle East, according to official figures.

Economy
Conservative Home22 Apr 2026

Michael Gray: Labour’s tax assault on independent education is a surcharge on self sufficiency

Morally, philosophically and fiscally, the case for a future Conservative Government to reverse this tax on private education is overwhelming. The post Michael Gray: Labour’s tax assault on independent education is a surcharge on self sufficiency appeared first on Conservative Home.

EconomyEducation
Conservative Home22 Apr 2026

Anakin England: The Conservative argument for a wealth tax

Unequal concentrations of wealth could enable monopoly-like distortions on asset values, interest rates, rents and would end market competition. Reasonably then, there must be a limit on the proportion of wealth held by a minority before it starts to jeopardise normal market function. The post Anakin England: The Conservative argument for a wealth tax appeared first on Conservative Home.

EconomyHousing
The Guardian Politics21 Apr 2026

As the PM’s fate lay in doubt, Labour MPs plotted the party’s future direction

Former ministers round on government’s fiscal rules and call for new policies on tax and the economy Less than a mile from the select committee room in Portcullis House where Olly Robbins held the prime minister’s future in his hands, Labour MPs were publicly workshopping how the party might look under new leadership. It came in the guise of the Good Growth Foundation’s conference, but felt like a Labour leadership beauty parade on Pall Mall. The former deputy prime minister Angela Rayner was a

PoliticsEconomy