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247 headlines found — Page 20 of 21

Guido Fawkes12 Mar 2026

Downing Street Insists Mandelson’s £75,000 Payout Does Not Contradict Official Guidance

Downing Street is insisting Mandelson’s £75,000 severance payout did not contradict the government’s own official guidance on public sector exit payouts, which makes clear payouts should not be used to soften reputational damage. Speaking at the Lobby briefing of press hacks this afternoon: “[Mandelson’s payout was] Treasury-approved severance in line with standard HMT guidance and…

PoliticsEconomy
Guido Fawkes11 Mar 2026

WATCH: Starmer Opens Door to Reversing Reeves’ Fuel Duty Hike

Starmer has suggested that the rise in fuel duty could be reversed before it is defrosted in September. In PMQs he said: “We will keep the situation under review in light of what’s happening in Iran.” Reeves told the Treasury Committee about 20 minutes before that she was ‘loath’ to climb down from the tax…

Economy
Guido Fawkes11 Mar 2026

Reeves: ‘It is Valid’ to Say Labour Shouldn’t Have Raised National Insurance

During Reeves’ Treasury Committee appearance this morning in which the Chancellor said she supports releasing strategic oil reserves, she also said there is a ‘valid’ argument to be made that she shouldn’t have raised National Insurance: “Yeah, we did make the decision to increase national insurance in my first Budget and that’s because we needed…

Economy
Guido Fawkes10 Mar 2026

OBR: Oil Price Rise Could Hike Inflation by 1%

The OBR has said inflation could be 1% higher by the end of the year thanks to a long spike in energy prices. Just Reeves’s luck… David Miles, member of the OBR’s budget responsibility committee, told MPs in the Commons: “If there’s no change in the picture on prices from now on forward, we estimate…

PoliticsEconomyDefence
Guido Fawkes10 Mar 2026

Corbyn’s Your Party Calls for End to Iranian Sanctions

Approved unanimously by Your Party’s Central Executive Committee: “Ordinary Iranians now being bombed are already suffering from economic sanctions, which should be lifted to provide relief.” Magic grandpa still hasn’t lost his touch…

Economy
Guido Fawkes10 Mar 2026

WATCH: Reeves Insists Fuel Prices Are Low Enough to Proceed With 5p Hike

Reeves has insisted just now in the House of Commons that the 5p fuel duty rise remains “under review” but poured cold water on calls to scrap the tax hike. She blamed the Tories and said oil prices are falling: “Well, the price today of of petrol is 8p per litre lower than if I…

PoliticsEconomy
Guido Fawkes9 Mar 2026

LIVE: Reeves Gives Commons ‘Economic Update’

The Chancellor is speaking in the Commons on the Middle East.

PoliticsEconomy
Guido Fawkes5 Mar 2026

Victory for British Taxpayers as Collapse of Chagos Deal Stops £165 Million Payment to Mauritius

There’s been a notable change of tone in Port Louis since the eruption of the Iran conflict. Mauritian commentators are starting to admit Starmer’s Chagos deal is fully dead… According to media outlet DeFi: “While the process was progressing very well, with the adoption of the Diego Garcia Military Base and British Indian Ocean Territory…

EconomyDefence
Guido Fawkes4 Mar 2026

Lord Frost Steps Down as IEA Director General

Lord Frost is stepping down as Director General of the Institute of Economic Affairs. He took on the role just two months ago… He said this morning: “The Institute of Economic Affairs is a great organisation which has a real capacity to influence the debate about Britain’s economic future.  I regret that personal commitments mean that…

Economy
Guido Fawkes3 Mar 2026

Think Tanks Blast Reeves’ Bleak Spring Statement

The reactions from Westminster’s think tanks are in. It’s a bad day to be a humble wonk hoping for some growth and stability. Deep breath… The Adam Smith Institute’s Joanna Marchong: “The Chancellor has convinced herself of economic stability based on deeply outdated forecasts. It is a Statement written by spin doctors, not economists. After…

PoliticsEconomyHealthcare
Guido Fawkes3 Mar 2026

OBR Revises Labour Tax Burden Up Again to Reach Record Postwar High

From the OBR’s forecast: “Taxes are forecast to increase from 36% of GDP this year to 38% by the end of the forecast, with personal taxes accounting for half the increase. The projected 2030-31 level would be a historical high in the UK and almost 6% of GDP above the pre-pandemic level.” Higher taxes will…

EconomyDefence
Guido Fawkes3 Mar 2026

LIVE: Spring Statement 2026

Guido will be live-blogging throughout, so refresh the page for the latest updates. Not a pretty economic picture as Reeves stands at the despatch box…  UPDATE: Says she will meet leaders from the North Sea oil and gas industry tomorrow to “discuss the implications they face.” On operations in the Middle East: “I is incumbent on…

Economy