Treasury Warns Reeves: No Cash for Labour's Spending Plans
Chancellor Rachel Reeves receives a stark economic reality check from the Treasury's top official, who revealed there's no cash reserve for new spending, forcing tough fiscal choices.
Category : Search result: fiscal shortfall
Treasury's Secret Tax Hike Plans for Post-Election Budget
Exclusive: Treasury officials are drawing up plans for significant tax increases, including a potential 'stealth raid' on pensions and inheritance tax reforms, that could be implemented swiftly if Labour wins the next election.
Food inflation soars, outstripping wage growth and budget help
New analysis reveals UK food inflation is rising twice as fast as overall prices, squeezing household budgets despite falling energy costs. The Spring Budget offers little immediate relief.
Reeves urged to swap 2p NI cut for income tax rise
Exclusive: The Chancellor is facing calls for a radical budget overhaul that would cut National Insurance for workers but increase the basic rate of income tax, a move experts say could simplify the tax system.
Daily Mail's Stark Warning: UK Economic Crisis Looming
The Daily Mail issues a powerful critique of the UK's unsustainable economic trajectory, warning of dire consequences from unchecked public spending, soaring debt, and a looming crisis that threatens future generations.
Rachel Reeves rules out major tax hikes to fuel growth
Shadow Chancellor Rachel Reeves vows to prioritise economic growth over significant tax increases, promising a 'decade of national renewal' with a focus on planning reform and infrastructure investment.
UK Borrowing Hits £37.6bn, Exceeding Forecasts
Chancellor Rachel Reeves faces a stern fiscal test as UK public sector borrowing hits £37.6bn for the first five months of the financial year, exceeding official forecasts and complicating Labour's spending ambitions.
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
IFS Exposes £18bn Black Hole in Labour's Spending Plans
New Chancellor Rachel Reeves faces immediate economic reality check as Institute for Fiscal Studies exposes £18bn black hole in Labour's spending plans, forcing potential cuts to public services.
State Pension Alert: Millions Face £55k Retirement Shortfall
Exclusive investigation reveals millions face devastating shortfalls in their state pension due to missing National Insurance years. Are you affected?
Town Fury Over $22k Giant Eggplant and Peach Statues
Westminster, Maryland, faces a fierce public backlash after the local council approved $22,000 for controversial giant sculptures of an eggplant and a peach, sparking a heated debate about fiscal responsibility and public art.
Labour's Economic Challenge: Legacy Grim, But Hope Needed
The new Labour government inherits a dire economic legacy, but voters demand solutions, not excuses. Analysis of the fiscal challenges and the urgent need for a hopeful, forward-looking strategy.
Hunt's Pre-Election Budget Walks Fiscal Tightrope
Exclusive analysis: Chancellor Jeremy Hunt prepares a pivotal pre-election Budget, walking a tightrope between voter-friendly tax cuts and fiscal responsibility as the UK economy sends mixed signals.
Reeves Faces £9bn Tax Black Hole in Budget Crisis
Chancellor Rachel Reeves confronts a massive £9 billion fiscal shortfall as Treasury officials reveal grim tax receipt forecasts, forcing potential emergency tax hikes or spending cuts in the upcoming Budget.
SNP climate policies risk £700m annual black hole
A bombshell report reveals the staggering £700 million per year cost of the SNP's net-zero climate policies, posing a severe risk to Scotland's public finances with no clear funding plan.
OBR Downgrade Piles Pressure on Chancellor Reeves
The UK's fiscal watchdog has delivered a major blow to the government's economic plans, downgrading a crucial productivity forecast and threatening billions in planned public spending.
UK Economy Stagnates: Reeves Faces Budget Crisis
Chancellor Rachel Reeves confronts a major economic challenge as latest ONS figures show zero GDP growth in three months to August, putting Labour's ambitious investment plans at risk ahead of crucial Autumn Budget.
Barclays Chief Urges Cap on Public Sector Pay Rises
Barclays CEO C.S. Venkatakrishnan calls for restraint in public sector wage increases to curb inflation, warning of economic consequences without fiscal discipline.
Rachel Reeves Confronts Bond Market Crisis as UK Yields Soar
Chancellor Rachel Reeves faces a stern test as UK bond yields surge, echoing France's recent market turmoil. Can Labour's economic plan withstand the pressure from global markets?
Badenoch Slams Labour's Budget Plans as 'Fantasy Economics'
Chancellor Rachel Reeves's first major fiscal event faces fierce criticism from former Tory leadership contender Kemi Badenoch, who warns of 'fantasy economics' and accuses Labour of planning to 'max out the country's credit card'.
Reeves Solves £50bn Problem With Pension Tax Overhaul
Chancellor Rachel Reeves has unveiled a landmark overhaul of pension tax relief, closing a £50bn fiscal black hole and redirecting savings towards a major national investment drive. This bold move signals a dramatic shift in UK economic policy.
DWP pension error leaves retirees facing financial ruin
Exclusive investigation reveals a devastating DWP blunder has underpaid state pensions for decades, leaving vulnerable pensioners out of pocket by tens of thousands of pounds.
Tory Flat Tax Bombshell Sparks Furious Clash with Labour
UK politics erupts as Conservatives float dramatic 20% flat income tax, triggering explosive Commons showdown with Starmer's Labour over economic vision.
Reeves' 'Disastrous' Budget Silence Angers Business Leaders
Chancellor Rachel Reeves faces a furious backlash from business leaders for her 'deafening silence' on the upcoming Autumn Budget, creating crippling uncertainty for UK firms and sparking fears of a major economic misstep.
Why Britain must stop fearing imaginary bond vigilantes
The Guardian argues that the UK is paralysed by a mythical fear of 'bond vigilantes', preventing vital investment in public services and infrastructure. It's time to abandon outdated economic dogma.
Reeves Accused of Short-Termism Over Bond Market Reaction
Chancellor Rachel Reeves faces a political storm as she appears to abandon key fiscal rules in response to volatile bond markets, sparking accusations of short-termism and a betrayal of Labour's core principles.
Top economist warns Hunt's tax cuts could create £30bn hole
Exclusive: Leading economist Julian Jessop issues a stark warning that the Chancellor's planned tax cuts could destabilise the UK economy, creating a £30bn fiscal black hole and forcing the Bank of England to keep interest rates higher for longer.
Reeves Vows OBR Power Over Labour Manifesto Costings
Shadow Chancellor Rachel Reeves pledges to give the Office for Budget Responsibility new powers to independently cost Labour's election manifesto, marking a major shift in UK economic policy and transparency.
Reeves vows fiscal discipline as 'green Chancellor'
In her inaugural Mais Lecture, Labour's Shadow Chancellor Rachel Reeves pledges to be 'Britain's first green Chancellor' while committing to strict fiscal rules, marking a significant shift in economic policy.
Budget 2025 Date Revealed: Chancellor's Autumn Plan
Exclusive: Chancellor Rachel Reeves is poised to deliver her first major Budget in late October or early November, setting out Labour's long-term economic plan. Get the inside track on the key dates and what it means for your wallet.
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