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‘Only the very richest’ in Britain will see incomes grow, tax cut analysis says

The Chancellor’s huge package of personal tax cuts amid a cost-of-living crisis will do nothing to stop more than two million people falling below the poverty line, according to a think tank. Analysis of Kwasi Kwarteng’s fiscal statement by ...

24 Sept 2022 at 06:00

Government should allow OBR’s economic forecast at mini-budget, MPs told

The Government should not announce major tax cuts without an independent economic forecast from the Office for Budget Responsibility, the head of a major economic think tank has warned. The Chancellor is set to announce tens of billions of ...

22 Sept 2022 at 20:13

Government under pressure from Labour and economists on cost of living squeeze

Households are set to be £2,620 worse off due to the cost of living squeeze facing the country, Labour will say on Thursday. New analysis from the party – as it launches its local election campaign – comes as the Prime Minister is under ...

31 Mar 2022 at 01:25

Funding is key issue for levelling up, say analysts

The Levelling Up White Paper is “a step in the right direction” but could struggle to reverse the past decade of cuts without adequate funding, analysts have said. The White Paper, published on Wednesday after numerous delays, set out ...

02 Feb 2022 at 17:26

No 10 ploughs on with National Insurance hike despite Rees-Mogg’s calls

Downing Street was resisting calls to scrap the National Insurance hike despite a Cabinet rift over concerns it will heap further pressure on households struggling with the soaring cost of living. No 10 insisted on Thursday there ...

06 Jan 2022 at 13:55

Rees-Mogg urges Chancellor to ditch national insurance rise – reports

Jacob Rees-Mogg has urged the Chancellor to ditch planned rises to national insurance, it has been reported. The Daily Telegraph said the Commons leader told Rishi Sunak at Wednesday’s Cabinet meeting that the increase must be ...

06 Jan 2022 at 00:25

Ministers plough on with National Insurance hike despite Rees-Mogg’s calls

Ministers were resisting calls to scrap the National Insurance hike to protect struggling households after Commons Leader Jacob Rees-Mogg argued to the Cabinet the rise should be shelved. Transport Secretary Grant Shapps ...

06 Jan 2022 at 10:25

Cabinet talks could spark further cost-of-living help, minister suggests

Ministers could make further announcements to tackle the cost-of-living crisis after Cabinet meets this week, the Welsh Secretary has said. The Prime Minister appeared to be knocked back by the Treasury after he hinted ...

11 May 2022 at 01:55

Price of food to replace energy as biggest cost-of-living problem – think tank

Food prices are set to overtake energy bills as the “epicentre” of the cost-of-living crisis, a think tank has warned. The Resolution Foundation said on Friday that food prices would continue to rise even as energy ...

19 May 2023 at 12:34

Budget leaves big picture largely unchanged, say experts

A “smoke and mirrors” Budget has left the overall economic picture largely unchanged and a “sour” prospect for whoever wins the next election, two leading economic think tanks have said. The Institute for Fiscal ...

06 Mar 2024 at 17:44

A potential abolition of national insurance for workers would not come for years

Labour has repeatedly said that Prime Minister Rishi Sunak is planning a £46 billion “unfunded” tax cut, comparing that with the £45 billion of “unfunded” tax cuts which Liz Truss’s government announced. At ...

23 Apr 2024 at 12:27

Economists dismiss Rees-Mogg blaming Bank rather than mini-budget for turmoil

Economists have roundly rejected Business Secretary Jacob Rees-Mogg’s claim that the UK’s financial turmoil was not being driven by the mini-budget. The senior Conservative on Wednesday sought to attribute ...

12 Oct 2022 at 15:34

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