Goldman Sachs expects tax hikes of ‘at least’ £20bn in Reeves budget September 10, 2024 Many potential tax reforms have faced criticism for their potential unintended consequences.
State pension set to rise by £460 next year amid winter fuel debate September 10, 2024 This would mean that the state pension rises to around £11,962 next year from £11,502, an increase of almost £9 per week.
Labour must address long-term sickness to get the economy growing September 10, 2024 Solving the problem of the UK's long-term sickness crisis could radically boost GDP and tax revenues. It should be a top priority for Labour, Chris Dorrell writes
Labour’s upcoming tax rises – and what to do about them September 10, 2024 Here’s how wealth creators in the UK can navigate the upcoming tax changes, write Ollie Saiman and Katherine Waller As we approach the new government’s first budget it seems almost impossible to avoid the widespread speculation about what Halloween tricks or treats are going to jump out of the Chancellor’s red box on 30 October. Given the [...]
Ditch ‘phony’ fiscal rules and tax ‘unearned wealth’, unions urge Starmer September 9, 2024 Union chiefs launched a broadside at Sir Keir Starmer, describing the Prime Minister’s planned national wealth fund as “a joke,” urging him to tax “unearned wealth” and demanding he “ditch the phony fiscal rules”. Speaking at the Trades Union Congress (TUC) conference on Monday – ahead of Sir Keir’s own address on Tuesday – union [...]
Government finalising £500m rescue package for Tata’s Port Talbot plant September 9, 2024 The government is drawing up a £500m rescue deal for Tata Steel’s Port Talbot plant this week, following the closure of its blast furnaces.
Former Labour health minister warns PFI feuds threaten to disrupt hospitals September 9, 2024 A new report warns of public-private disputes in recent years, which have emerged alongside growing pressure on public finances.
Firms fear looming minimum wage rise and workers’ rights package September 9, 2024 The survey makes apparent the extent of business concern over the new deal for workers, which is one of the most controversial aspects of Labour's legislative agenda.
UK’s momentum remains ‘healthy’ ahead of latest GDP figures September 9, 2024 Economists think that the latest monthly GDP figures, set to be released on Wednesday, will show that the economy grew 0.3 per cent in July.
Labour smashes the “don’t mess with pensioners” rule September 9, 2024 Nothing in politics is more painful than the removal of a benefit to which the recipients have become accustomed. Successive Chancellors and Prime Ministers have discovered this, sometimes to their embarrassment and sometimes to their very great cost. Related to this first rule, comes another; don’t mess with pensioners. In fact, ‘not messing’ with them [...]
