Chancellor Rachel Reeves will on Tuesday prepare the public for further tax rises in this month’s Budget, as the government battles to repair the public finances and boost economic growth. In a speech from Downing Street soon after markets open at 8.00am, Reeves will pledge to take “fair choices” to reduce the national debt, protect
By GREG HEFFER, POLITICAL CORRESPONDENT Published: 01:22, 4 November 2025 | Updated: 01:22, 4 November 2025 Households in some parts of England face paying more than £10,000 a year in council tax if Rachel Reeves pursues plans to double rates on more expensive homes. The Chancellor is said to be plotting a Budget tax raid
Chancellor set to prepare ground for tax rises with an unusual speech in Downing Street today Rachel Reeves will on Tuesday give her strongest hint yet that she will break Labour’s manifesto pledge not to raise income tax, in a key pre-Budget speech. The Chancellor will say that she plans to “make the choices necessary”
In a wide-ranging speech setting out Reform UK’s vision for the economy, Farage sought to counter claims his party’s plans were not credible. He accused both Labour and the Conservatives of failing to cut public spending and allowing the national debt to increase “in the most extraordinary way”. “We want to cut taxes, of course
Almost immediately after winning the 2024 general election, the Labour government faced calls from its own MPs to lift the cap, which restricts child tax credit and universal credit (UC) to the first two children in most households. At the time, the government argued it did not have enough money to remove the cap but
Rachel Reeves is said to be considering doubling council tax for more than one million homes in order to fill a £30 billion hole in public finances, according to The Telegraph. The tax hike would be applied to the two highest council tax bands (G and H). Per the report, residents of a band G
Rachel Reeves is said to have told aides that cutting NHS waiting lists and slashing the national debt are her priorities – but this could involve tax rises despite last year’s manifesto pledge 16:09, 02 Nov 2025Updated 16:09, 02 Nov 2025 Rachel Reeves is set to deliver her Budget on November 26(Image: UK House of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has unveiled tax incentives to encourage high-tech workers abroad to return home, as part of a series of measures designed to make one of the country’s key economic sectors more competitive. The measures come
A million families could face having their council tax doubled as Rachel Reeves scrambles to raise more cash at the Budget. The Chancellor is said to be looking at dramatically hiking the charge for the top bands amid a welter of measures to squeeze more out of the ‘wealthy’. That could mean an eye-watering rise
Some of the early editions have witness reports about the stabbing attack on a train in Cambridgeshire. The Sun, external quotes a passenger as saying there was “blood everywhere” and that it was “like something from a film”. The Times, external says witnesses described some passengers being “stamped [on]” as they tried to flee. “2