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Guido Fawkes25 Jun 2026

HMRC Admits It Is Guessing the Size of the Tobacco Black Market

HMRC this week declared victory in the war on illegal tobacco after claiming the duty gap for hand-rolling tobacco fell to an all-time low in 2024/25. They also admitted they are making up the figures themselves… The taxman’s report concedes the 2024/25 tobacco figures are “projected” rather than measured because of “data availability and small…

EconomyDefence
Express Politics25 Jun 2026

Rachel Reeves blasted in furious attack over new tax on savings

Reform UK's Treasury spokesman hit out at the cash ISA crackdown.

EconomyReform
The Guardian Politics25 Jun 2026

Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says

British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEs Pension tax relief worth more than £50bn should only be offered to savers who are prepared to invest in Britain, according to Andy Haldane, the president of the British Chambers of Commerce. There should be a “home bias” that directs retirement savings into UK businesses, closing a funding gap that hampers the growth of small- and medium-sized businesses, he said. Continue reading...

Economy
The Guardian Politics25 Jun 2026

‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets if he becomes PM

Mayor of Manchester is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levels UK politics live – latest updates Britain’s net zero economy is booming. The sector is worth £100bn a year to the UK, has outpaced other sectors, and supports higher-paying jobs than the average. For a union leader to suggest that the man who has overseen this impressive record – the energy secretary, Ed Miliband – would be a “noose around the neck” of job creation,

PoliticsEconomyEnvironment
Conservative Home25 Jun 2026

Lee Rotherham: The Government’s weakness on defence is only rivalled by the weakness of their defence

The current defence budget is £62.2bn. Our figure, £70.3bn, is merely the estimate for being able to stay in the next big fight for more than a week – and, more immediately, for looking like a sufficiently serious threat for a peer or near-peer power not to chance their hand and start it. The post Lee Rotherham: The Government’s weakness on defence is only rivalled by the weakness of their defence appeared first on Conservative Home.

EconomyDefenceHousing
Guido Fawkes25 Jun 2026

Burnham Advisers Propose Exit Tax

There has been another confirmation that Team Burnham is pursuing an Exit Tax. From Tim Shipman’s Spectator column: “A Burnham adviser says O’Neill and Haldane’s presence is important, not just for their ideas but because of the credibility they bring. ‘They give you blue-chip credentials to do different things in government. They give you the…

EconomyHousing
Express Politics25 Jun 2026

Rachel Reeves's new UK days out tax rule starts on Thursday

The VAT change is coming into effect.

Economy
BBC Politics25 Jun 2026

Cheaper theme park tickets and kids' meals as VAT cut comes into force

The government will reduce tax from 20% to 5% on a range of attractions as schools begin to break-up.

EconomyEducation
Express Politics25 Jun 2026

Politics LIVE: Labour civil war erupts over 'Andy Burnham's Chancellor pick'

Candidates jostle for the key job of running the UK economy - follow for all the latest updates.

PoliticsEconomyDefence
Express Politics24 Jun 2026

Andy Burnham urged to rule out hammering business with fresh tax hikes

Damaging speculation could drive investment out of the UK for good, Tories warn

EconomyDefence
Express Politics24 Jun 2026

Outrage over Reeves and Starmer’s new tax on savings – ‘they’re taxing everything!’

Members of the public have fumed at a new tax drafted over ISAs as someone fumed that the government is 'taxing everything'

EconomyDefence
The Guardian Politics24 Jun 2026

Senior No 10 aides to lobby Andy Burnham to invest more than £13.5bn defence spend

Downing Street figures plan to convince Burnham to revive ‘war bonds’ when he becomes prime minister Downing Street aides are planning to lobby Andy Burnham during access talks to revive the idea of “war bonds” to pay for higher defence spending when he becomes prime minister, the Guardian understands. Senior No 10 figures want the Treasury to be allowed to borrow more for military spending and will try to convince Burnham to invest beyond the £13.5bn earmarked for the long-awaited Defence Inves

PoliticsEconomyDefence