#uk-fiscal-policy

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UK politics
fromwww.theguardian.com
2 days ago

Rachel Reeves v the OBR: chancellor aims to loosen the watchdog's grip

The Office for Budget Responsibility's revised productivity outlook has reduced fiscal headroom, forcing the chancellor toward another tax-raising budget while the Treasury seeks greater buffer and influence over forecasts.
fromBusiness Matters
1 week ago

Entain chief warns Labour against gambling tax rise that could trigger UK shop closures

In her first interview since taking the role permanently in April, Stella David said any increase in gambling duties would compel Entain "to consider its investment level in the UK". She added there was "no doubt" that higher taxes would trigger "shop closures" across its 2,300 high street outlets. "At the end of the day we want to make a profitable global business," David said. "If the UK becomes uncompetitive, there are other markets we can pivot to. Every point of tax increase has a consequence - certain shops become unviable, and the scale depends on how far it goes."
UK politics
UK politics
fromwww.theguardian.com
1 week ago

Rachel Reeves could raise 45bn in taxes and keep promises, report says

Rachel Reeves could raise up to 45bn in taxes without breaching Labour manifesto pledges while confronting a potential 30bn fiscal shortfall and tough tradeoffs.
UK politics
fromwww.theguardian.com
2 weeks ago

Treasury putting the squeeze' on OBR over Labour growth plans amid tensions over downgrade

A cut to UK productivity forecasts could force the government to find up to 30bn in tax increases or spending cuts for the November budget.
fromwww.theguardian.com
2 weeks ago

Global economy more resilient than expected amid Trump tariffs, OECD says

The global economy has been more resilient than expected in the face of Donald Trump's tariffs, but is set to slow over the next year, the Organisation for Economic Co-operation and Development (OECD) has warned. The Paris-based club of industrialised countries has upgraded its projection for global GDP this year, to 3.2% up from the 2.9% it expected in its last forecast in June.
World news
fromwww.theguardian.com
1 month ago

Barclays boss urges UK ministers to limit public sector pay rises

Venkatakrishnan said that, while the government needed to restrict rising public sector wages, the inflationary impact of pay rises was an issue across the UK economy. While UK wage growth has slowed in recent months it is still running at an annual rate of 5.7% in the public sector, excluding bonuses. Private sector wage growth is running at an average of 4.8%.
Business
UK politics
fromwww.theguardian.com
1 month ago

With tax speculation festering, Rachel Reeves needs to show her hand | Richard Partington

Chancellor faces fiscal uncertainty with a potential autumn budget shortfall of £17bn–£50bn, increasing pressure to consider tax rises and spending adjustments.
UK politics
fromwww.theguardian.com
1 month ago

Rachel Reeves needs to find cash fast. A wealth tax really is her only viable option | Faiza Shaheen

Proposed property tax reforms risk creating new distortions while failing to fix an outdated, regressive council tax and a punitive stamp duty.
UK politics
fromwww.independent.co.uk
1 month ago

Homeowners could be hit with new tax to help fill Budget shortfall

Treasury may end CGT exemption for high-value primary residences, potentially taxing gains at 24% (higher-rate) and 18% (basic-rate) above a threshold.
UK politics
fromBusiness Matters
1 month ago

Air fares and food prices push UK inflation to 18-month high

Inflation rose to 3.8% in July, driven by soaring air fares, hotels and groceries, intensifying cost-of-living pressures and complicating fiscal planning.
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