
Rachel Reeves blow as grim figures suggest taxes ravaging huge sector
The Chancellor has introduced some tax changes that an expert are one of the factors behind a dip.
Original reporting and the latest political headlines from across the UK.

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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
Rachel Reeves has gone through a Damascene conversion on energy bills. As of today, her position is the Truss-era universal cap was a “mistake” because it benefitted the wealthy and added to the national debt. She is right: the taxpayer should never be paying to heat millionaires’ swimming pools. She didn’t say this in opposition.…

Energy minister Michael Shanks reassures drivers ahead of chancellor’s statement to MPs Good morning. At lunchtime Rachel Reeves, the chancellor, will give a statement to MPs that will cover what the government is doing, and (more tentatively) might do, in response to the soaring global energy prices caused by the Iran war. After Russia invaded Ukraine in 2022, also creating a global energy shortage, the Conservative government ended up spending £40bn supporting families and firms with energy bi
When a city becomes transient, something deeper is lost. It is not just about the cost of rent. It is about the quiet erosion of community. The post Festus Akinbusoye: What is a city for? Why London must be a home, not just an economy appeared first on Conservative Home.

The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.

The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.

The Chancellor has been warned her plans could 'decimate' the UK's tourism sector by the end of the decade.

PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailout Ministers are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come. The prime minister indicated he would prefer to focus any taxpayer-funded help on the poorest households, rather than an expensive universal bailout, ahead of an emergency meeting on the e

Company will assess whether drop to 186mph from 224mph will save money and help bring forward launch Ministers have told High Speed Two to consider running its trains at lower speeds, in an attempt to rein in the spiralling budget and begin operations as soon as possible. HS2 Ltd will assess whether limiting the speed to 186mph (300km/h) instead of 224mph could save money – potentially billions of pounds – and bring the railway into being earlier in the 2030s. Continue reading...