
Rachel Reeves ‘will impose another tax raid or increase borrowing’ amid Iran war
Labour has been accused of resorting to tax rises and borrowing "whenever there's a squeeze on its fiscal position".
Original reporting and the latest political headlines from across the UK.

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Labour has been accused of resorting to tax rises and borrowing "whenever there's a squeeze on its fiscal position".

It will rise by 4.9% on average across England from next month, new figures show.

Wandsworth Council accused of 'playing games' after furious complaint by Conservatives

Report by Verdant says rooting out waste, fraud and tax avoidance would save money that could help improve public services A “Doge of the left,” could save up to £30bn a year for taxpayers by rooting out waste, fraud and tax avoidance, according to the first report from a new green thinktank. Launched amid growing interest in the future manifesto of Zack Polanksi’s Green party, the Verdant thinktank will be co-chaired by James Meadway, a former adviser to Labour shadow chancellor John McDonnell,

The Conservatives have dubbed the Prime Minister 'Never Here Keir'.
ONS chief economist Grant Fitzner said: “After last month’s slowdown, annual inflation was unchanged. The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset by falls in petrol costs, with prices collected before the start of the conflict in the Middle East and subsequent…

February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflict The UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump. Official figures showed the consumer prices index (CPI) remained at 3%, in line with economists’ expectations but still well above the government’s 2% target. Continue reading...
When markets forced up the interest rates in 2022 Rachel Reeves said Liz Truss had crashed the economy Reeves said 4.38 per cent for ten year money was too high. We have to report now that her own measure and words Rachel Reeves has crashed the economy. The post John Redwood: When it comes to the Bond markets, by her own measures Reeves has ‘crashed the economy’ appeared first on Conservative Home.

The Chancellor has introduced some tax changes that an expert are one of the factors behind a dip.

Defence chiefs have been discussing how to unblock the conduit for about a fifth of the world’s oil supplies The UK has offered to host an international security summit to draw up a “viable, collective plan” to reopen the strait of Hormuz as economic fallout from the Iran conflict continues. Defence chiefs have been discussing how they might unblock the vital shipping lane, through which about 20% of global oil supplies usually pass, amid the Middle East crisis unleashed by the US and Israel. C

The chancellor was meant to set out her contingency plans but it was an announcement without any announcements in it You have to feel a bit sorry for the chancellor. Roughly four weeks ago, Rachel Reeves had come to the Commons to deliver her spring statement. A moderately upbeat picture of the nation’s finances that didn’t necessarily coincide with people’s lived experience. Still, it more or less did the trick. Bought her another six months until the autumn budget. Or so she thought. Now, than

What the chancellor could do to counter the economic impacts of Iran war, from stopping price gouging to cancelling fuel duty rises Reeves rules out universal support on energy bills Business live – latest updates Rachel Reeves updated MPs on Tuesday about the steps the government was taking to cushion the impact of the Iran war on consumers and the UK economy. The chancellor stopped short of announcing specific immediate support but said she was contingency planning for the tough months ahea