Sir Keir Starmer has refused to rule out tax rises in the autumn budget but said the decision not to increase tax in the spring statement indicated the “mindset” of the government. “We did have manifesto commitments in relation to tax and what taxes we wouldn’t raise — and we kept good to those promises,”…
US tariffs could wipe out the chancellor’s £9.9 billion fiscal buffer, according to the independent budget forecaster. Richard Hughes, the chairman of the Office for Budget Responsibility, said that if the US chose to impose 20 per cent in tariffs on trade partners around the world and the UK retaliated it would reduce UK economic…
Rachel Reeves’s spring statement must offer “a bit of a reset”, George Osborne, a former chancellor, has warned. “The government didn’t get off to the best of starts but they had a lot of goodwill,” he told Bloomberg TV at the HSBC Global Investment Summit in Hong Kong. “They inherited a lot of problems but…