Rachel Reeves raised taxes by £40bn in last October’s Budget, and now she is hinting at even further increases – Jordan Pettitt/AFP Sir Keir Starmer, to his party faithful in Liverpool for last week’s annual conference, said: “A Labour party that cannot control spending is a Labour Government that cannot govern. “This is why the…
Stocks in Asia were lower overnight, following the global trend, with the Nikkei (^N225) fell 0.9% on the day in Japan, while the Hang Seng (^HSI) fell 0.6% in Hong Kong. Yields on Japan’s longer maturity JGBs continued to be at multi-decade highs, following the global selloff in bonds and political uncertainty in the nation….
British 30-year gilt yields hit a 27-year high on Tuesday as government borrowing costs around the world were pushed up by worries about big state borrowing and U.S. President Donald Trump’s attempts to fire a Federal Reserve governor. Thirty-year gilt yields touched a peak of 5.680%, up about four basis points on the day, their…
LONDON (AP) — British Prime Minister Keir Starmer on Monday appointed economist and former Columbia University president Minouche Shafik as his chief economic adviser. It’s part of a staff shakeup aimed at strengthening the government’s response to a sluggish economy and a heated political debate over immigration. Starmer’s center-left Labour Party government has struggled to…
By JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 13:54 BST, 31 August 2025 | Updated: 14:02 BST, 31 August 2025 Rachel Reeves has been warned not to hike alcohol taxes again at the Budget with British drinkers already paying up to four times more on spirits than in other countries. Excise duty on a standard 50ml…
LONDON (AP) — U.K. Treasury chief Rachel Reeves said Tuesday that she’ll cut red tape for banks and finance firms so that “informed risk-taking” can help kickstart Britain’s sluggish economy. The government is trying to regain the economic initiative after rocky weeks of costly U-turns and figures showing the British economy contracted for two months…
First-time buyers will be able to apply for a mortgage with just a £30,000 salary with Nationwide (NBS.L) as the government and Bank of England (BoE) push for more relaxed lending rules. The changes comes as chancellor Rachel Reeves is set to reveal the “biggest set of reforms to financial regulation in a decade” at…
Chancellor Rachel Reeves is set to announce plans to reduce the annual allowance for Cash Isas later this month, according to reports. According to the Financial Times, government sources have confirmed that the chancellor intends to lower the Cash Isa allowance, marking the first major change to Isa limits since the 2017-18 tax year. It…
The UK government is reviewing its recent move to impose inheritance tax on global assets of non-domiciled residents, following a wave of departures among high-net-worth individuals and lobbying from the City of London. According to the Financial Times, Chancellor Rachel Reeves is open to reversing this component of the non-dom regime overhaul, introduced in April,…
The Chancellor has insisted the Government can hit its NHS waiting times targets despite scepticism from some leaders. Speaking after her spending review, Rachel Reeves said the Government was confident it could hit pledges set down by the Prime Minister last year. Sir Keir Starmer said in December the NHS will carry out 92% of…