BBC Politics21 May 2026
Chris Mason: VAT cut on summer fun - the announcement that didn't leak
Chancellor Rachel Reeves unveils measures aimed at helping families with the cost of living - but is it enough?
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BBC Politics21 May 2026
Wes Streeting pledges 'wealth tax that works'
Wes Streeting is proposing reforms to capital gains tax, as part of his pitch for the Labour leadership.
Economy
Guido Fawkes21 May 2026
LIVE: Reeves Announces Cost of Living Policies in Commons
After the Fuel Duty U-turn. Watch along…
PoliticsEconomy
The Guardian Politics21 May 2026
Streeting calls for equal tax on income and capital gains in Labour leadership pitch
MP says current system is unfair and his idea would result in a ‘wealth tax that works’ UK politics live – latest updates Former health secretary Wes Streeting has set out plans for a “wealth tax that works”, by equalising tax on assets and income. Streeting said the current system – in which capital gains tax is generally much lower than income tax – was not fair and penalised work, arguing the taxes should be equalised. Continue reading...
PoliticsEconomyHousing
The Guardian Politics21 May 2026
Rich already being taxed properly, says minister, as Streeting calls for ‘wealth tax that works’– UK politics live
Treasury’s Lucy Rigby says Rachel Reeves introduced measures in her first budget as Streeting calls for capital gains rates to be aligned with income tax Good morning. It’s a big day for Rachel Reeves, the chancellor. In a Commons statement, she is announcing a series of measures to help people with the cost of living. She wants people to enjoy a “Great British summer”, she says. Reeves’s plan for what makes for a good summer is not quite the same as Samantha Niblett’s; the chancellor is talking
PoliticsEconomy
BBC Politics21 May 2026
Reeves' summer savings drive won't stretch to energy bills
The chancellor is announcing measures aimed at easing the cost of living - but no help yet with energy bills.
Economy
BBC Politics21 May 2026
Chris Mason: Reeves' summer savings drive won't stretch to energy bills
The chancellor is announcing measures aimed at easing the cost of living - but no help yet with energy bills.
Economy
Guido Fawkes21 May 2026
HMRC Stats Show Wes Streeting’s Flagship Tax Idea Would Lose £7 Billion
Wes Streeting has called for a massive hike in Capital Gains Tax as part of his pitch for the leadership. Or the highest office possible under Burnham… Streeting complained to the BBC’s Political Thinking podcast about the tax system and proposed a “wealth tax that works“: “A member of my family is a cleaner in…
PoliticsEconomy
The Guardian Politics21 May 2026
All this talk about ‘difficult’ cuts, yet the largest part of Britain’s welfare bill is never mentioned. Why? | Zoe Williams
Pensioners vote and young people don’t, so the truism goes. That’s no longer any reason to avoid dealing with the triple lock Nothing makes you feel more like a de-developing nation than being reprimanded by the International Monetary Fund (IMF). Rachel Reeves can take solace in trace amounts from the fact that the IMF advised her only to “stay the course” on spending limits – whatever energy or inflation crises are down the line, she shouldn’t cave to demands for government support. Basically,
Economy
Conservative Home21 May 2026
Andrew Griffith: Britain’s deindustrialisation is a national emergency
Steel matters, it’s one of the building blocks of a functioning economy, and that is precisely why it can’t be left to Ministers with little experience of the real world and even less of running a business. The post Andrew Griffith: Britain’s deindustrialisation is a national emergency appeared first on Conservative Home.
Economy
BBC Politics21 May 2026
Wes Streeting pledges 'wealth tax that works'
Wes Streeting is proposing reforms to capital gains tax, as part of his pitch for the Labour leadership.
Economy
The Guardian Politics20 May 2026
Manchester shows biggest fall in inner-city deprivation in boost for Burnham
City made outsized contribution to falling levels of deprivation between 2010 and 2025, thinktank finds Manchester has recorded the biggest fall in inner-city deprivation in Britain, according to a report, as Andy Burnham stakes a claim that he could replicate the city’s revival nationwide. As the frontrunner to replace Keir Starmer, the Greater Manchester mayor has placed the city’s economic performance at the heart of his campaign, describing “Manchesterism” as a political philosophy for a mo
PoliticsEconomy