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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
Express Politics5 May 2026

Ed Miliband organisation sparks fury as it's set to pay bosses £1k a day

A taxpayer-funded boardroom payday is being lined up in the name of clean energy.

Economy
The Guardian Politics5 May 2026

Reform UK’s immigration policies are a significant risk to the UK economy | Sushil Wadhwani

An exodus of workers will be damaging – and electoral change might help Britain escape instability and low growth While all eyes are on the Middle East and the risk of a global recession, a possible scenario with significant downside risk for the UK economy after the next general election is building: the impact of anti-immigration policies. We do not know enough about the actual policy changes a Reform UK-led government would impose, but if we get forced repatriation (including of some who were

PoliticsEconomyImmigrationReformRemigration
Guido Fawkes5 May 2026

POLL: Three in Five Muslim Voters Would Vote for Gaza Independent to Stop Labour

Gaza ranks above the economy in determining how Muslim voters in Britain will vote, according to polling conducted by JL Partners for think tank Policy Exchange. Polling shows differences in political attitudes which have grown very stark indeed: 60% of British Muslim respondents would consider voting for a pro-Gaza independent candidate specifically to prevent Labour…

PoliticsEconomy
The Guardian Politics5 May 2026

‘There is a good deal of fear’: what would a Labour leadership challenge mean for bond markets?

Rayner and Burnham are trying to gain markets’ confidence amid concerns they could loosen fiscal rules if they replace Starmer Who calls the shots on the bin collections in Sunderland, potholes in Hackney, or schools in Cardiff is not normally of interest to City traders in the multitrillion-pound sovereign bond market. But for those dealing in UK government debt, Thursday’s local and devolved government elections are significantly more important than usual, amid speculation that a dire showing

PoliticsEconomyEducation
Express Politics4 May 2026

Labour suffers new hammerblow after public fury on 1 new tax

The head of a tourist body has warned the tax would 'deter millions from holidaying in England'.

EconomyDefence
The Guardian Politics4 May 2026

Reform government could cause Truss-style chaos, says renewables industry

Lobbyist Tara Singh says stripping projects of subsidy contracts would undermine investor confidence in UK Britain could be beset by levels of economic chaos last seen under Liz Truss if a Reform UK government were to fulfil its promise to strip renewable energy projects of subsidy contracts, according to the industry’s chief lobbyist. The anti-renewables policy put forward by Nigel Farage’s populist party would severely undermine investor confidence in the energy industry and across the wider U

EconomyDefenceEnvironmentReform
Conservative Home4 May 2026

Stephen Goss: The challenge of tackling a cost of living crisis is most acute in Northern Ireland

The gap between what is promised and what can be delivered is now visible in every delayed project, every overstretched service, and every emergency negotiation with HM Treasury. The post Stephen Goss: The challenge of tackling a cost of living crisis is most acute in Northern Ireland appeared first on Conservative Home.

Economy