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The Guardian Politics6 May 2026

Zack Polanski says he was wrong to call himself a Red Cross spokesperson

Green party leader also accuses rightwing media of politically motivated attacks as popularity grows UK politics live – latest updates Zack Polanski has said he was wrong to describe himself as a British Red Cross spokesperson, and that intensified media scrutiny of the Green party reflected fears of its rising popularity and support for wealth taxes. Polanski described himself as a British Red Cross spokesperson while campaigning for the party leadership, the Times revealed. The claim was als

PoliticsEconomyEnvironment
Guido Fawkes6 May 2026

New Taxes and Regulations Add £30,000 to Cost of Building Every House in Britain

A report released today by the Home Builders Federation shows that the cost of building a house has risen on average by £76,000 since 2020. Taxes and regulation make up almost half of that… More than £7,000 in taxes and levies: £2,000 in Landfill Tax £2,320 from the inbound Building Safety Levy £2,055 in other…

Economy
Guido Fawkes6 May 2026

Fuel Price Hike Pushes Service Price Inflation to Highest Level Since 2022

S&P Global’s UK Services PMI rose to 52.7 in April, up from 50.5 in March – the lowest reading since April 2025 – and slightly ahead of the 52.0 flash estimate. The bad news for Reeves is in the inflation numbers… Service providers logged the fastest rise in costs since November 2022, with prices charged…

Economy
Conservative Home6 May 2026

John Redwood: Don’t wince – we need to be talking about Europe again

More than half our imports come from the EU. To get economic growth we would achieve more if we concentrated on import reduction from Europe including the EU by making and growing more at home. Let's start with oil, gas and electricity, and move onto backing our farms and market gardens to grow more of what we need to cut the food miles. The post John Redwood: Don’t wince – we need to be talking about Europe again appeared first on Conservative Home.

Economy
The Guardian Politics5 May 2026

Reinstate windfall tax on banks after surge in profits, TUC urges

Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter An increased windfall tax should be imposed on the UK’s largest banks according to trade union leaders, after the big four lenders reported almost £14bn in first-quarter profits, partly fuelled by market turbulence caused by the Iran war. The Trades Union Congress (TUC) renewed its call for an increase in the current bank surcharge, which was reduced from 8% to 3% of profits above

EconomyDefenceHousing
Express Politics5 May 2026

Big update on £18,000 tax threshold change as Rachel Reeves forced to respond

Today, the Treasury issued a formal response as pressure grows as more of the poorest workers get dragged into paying tax

Economy
Guido Fawkes5 May 2026

‘Is Britain Broken?’ An EXCLUSIVE Guido Fawkes-IEA Event

For the first time ever, Guido Fawkes is partnering with the Institute of Economic Affairs for an exclusive panel debate in the heart of Westminster on 1st June. Is Britain Broken? Britain’s economic record over the past decade and a half makes for uncomfortable reading. Productivity growth has flatlined. Real wages have barely recovered from…

PoliticsEconomy
Express Politics5 May 2026

Big update on £18,000 personal tax threshold change as Rachel Reeves forced to respond

Chancellor's Treasury makes official response as calls for freeze to be changed as millions more forced to pay tax

Economy
Guido Fawkes5 May 2026

Real Estate Firms Hammer Treasury’s Optimistic Mansion Tax Revenue Projections

Reeves’ Mansion Tax is set to lose the Treasury at least £400 million before it comes into effect in April 2028. Experts are casting doubt on those optimistic figures… The tax means that homeowners will be forced to pay a flat surcharge in addition to council tax if their property is valued at £2 million…

EconomyHousing
The Guardian Politics5 May 2026

Rachel Reeves and Scott Bessent argued in person about Iran war, sources say

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April UK politics live – latest updates Middle East crisis – live updates Rachel Reeves had an angry exchange with her US counterpart, Scott Bessent, in Washington last month over the war in Iran, sources have said, in the latest sign of the deepening tensions between the two countries. The chancellor and the US treasury secretary argued in person during the spring meetings of the I

PoliticsEconomyDefence
Guido Fawkes5 May 2026

What Would Prime Minister Rayner Do?

The third in Guido’s horror series. Read the previous entries by clicking here… Today it’s Rayner’s turn. This one is particularly easy to pull together, given Rayner herself sent a wish list of tax hikes to Rachel Reeves last year. Which very quickly appeared in the media… Reinstate the pensions lifetime allowance. Raise corporation tax…

Economy
The Guardian Politics5 May 2026

UK’s long-term borrowing costs hit highest level since 1998

Rise in bond yields due to fuel prices and political stability concerns will eat away at Rachel Reeves’s fiscal headroom Business live – latest updates The UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability. The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.76% at lunchtime on Tuesday, up 0.11 percentage points – exceeding the 27-year high reached last autumn.

PoliticsEconomy