Streeting blocks Treasury VAT raid on private healthcare
Exclusive: Shadow Health Secretary Wes Streeting vetoes Treasury plans to impose VAT on private healthcare, sparing millions of families from tax hikes as Rachel Reeves searches for revenue.
Category : Search result: Treasury Department
Gambling taxes to rise as child benefit cap stays
Rachel Reeves faces backlash as Treasury plans gambling levy increase while maintaining controversial two-child benefit limit, creating fiscal storm.
Australia's Budget Deficit Shrinks Faster Than Forecast
Australia's federal budget deficit has narrowed significantly to $11.2 billion, beating Treasury forecasts, though Treasurer Jim Chalmers cautions that structural pressures threaten future economic stability.
Reeves urges Labour MPs: Focus on growth mission
New Chancellor Rachel Reeves delivers powerful message to Labour MPs, demanding immediate focus on economic growth and fiscal discipline in government's first days.
Reeves's alcohol duty hike backfires, costs Treasury £1bn
Rachel Reeves's planned increase in alcohol duty is projected to cause a dramatic £1 billion shortfall in tax revenues, according to a damning new Treasury analysis, raising serious questions about the government's economic strategy.
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.
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.
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.
Reeves faces backlash over gambling lobby event during tax review
Chancellor Rachel Reeves set to address gambling industry leaders at private event while Treasury considers major tax reforms that could save sector billions. Critics question 'access and influence'.
ONS rejects Chancellor Reeves's economic growth forecasts
The Office for National Statistics has dealt a major blow to Chancellor Rachel Reeves's economic plans, refusing to endorse her growth forecasts and sparking a political row over the new government's financial strategy.
Fed Signals Slowdown in Balance Sheet Reduction Strategy
Exclusive: Federal Reserve officials reveal plans to slow balance sheet reduction in strategic move to stabilise markets and address persistent inflation concerns.
Treasury Responds to Missing £299 Cost of Living Payments
The Treasury has issued a statement addressing widespread complaints from vulnerable claimants who did not receive the latest £299 DWP Cost of Living payment, leaving many in severe financial distress.
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.
US Sanctions UAE Firm Over Russian Oil Price Cap Breaches
The US Treasury imposes major sanctions on a UAE shipping firm and 18 vessels for allegedly flouting the G7's price cap on Russian oil, escalating efforts to curb Moscow's war funding.
Bank of America Vet Scott Bessent Advises UK Chancellor
Exclusive: Chancellor Rachel Reeves enlists Scott Bessent, a key figure from Bank of America and Soros Fund Management, for a high-level advisory role on UK investment and economic growth, signalling a pro-business approach for the new government.
UK Could Raise £2bn by Taxing SUVs Like Europe
A new study finds the UK Treasury could generate nearly £2 billion by aligning SUV taxes with stricter European policies, targeting heavy, polluting vehicles for a greener future.
Reeves hosts US & UK finance chiefs during Trump visit
Chancellor Rachel Reeves hosts a pivotal summit with CEOs from BlackRock, JPMorgan, and other financial giants as Donald Trump arrives in the UK for high-stakes talks on investment and economic cooperation.
Minister panic over pension tax-free cash Budget raid
Exclusive: Treasury ministers are in panic mode over a potential Budget raid on pension tax-free cash, with experts warning it could devastate retirement plans and trigger a major political rebellion.
MPs condemn Asda app over high-cost staff loans
A parliamentary committee has launched a scathing attack on Asda and its financial app partner, Wagestream, for promoting high-interest loans and controversial financial products to its low-paid employees.
State Dept condemns Charlie Kirk's 'repugnant' remarks
The US State Department has issued a scathing rebuke of right-wing commentator Charlie Kirk after he claimed women in diplomacy weaken national security. Marco Rubio faces criticism for endorsing the controversial remarks.
HMRC urged to raise Inheritance Tax threshold to £500k
The Treasury faces mounting pressure to increase the IHT nil-rate band after 22 years of freeze, as average property prices push more estates over the tax threshold.
US Justice Dept probes Charlotte police over civil rights concerns
The US Department of Justice has initiated a sweeping civil rights investigation into the Charlotte-Mecklenburg Police Department, focusing on use of force and discriminatory policing practices following the controversial shooting of a man in 2021.
Reeves: Tory Ministers Left £22bn Black Hole in Finances
Chancellor Rachel Reeves accuses former Tory ministers of leaving the economy in a dire state, with a £22bn black hole in the public finances. Exclusive insight into the pre-Budget spending review.
UK Christmas Sales Threatened by Looming Tax Hike
New analysis reveals a 'perfect storm' for UK retailers this Christmas, with a potential sales tax hike threatening to dampen consumer spending during the crucial festive period. Shoppers could face higher prices as the Treasury reviews business rates.
US Treasury Sounds Alarm Over Trump Tariff Plan
US Treasury Secretary warns Trump's proposed 10% blanket tariff could trigger global trade war, spike inflation, and jeopardise economic stability, as markets react with apprehension.
BBC Breakfast hosts face backlash over 'patronising' interview
BBC Breakfast presenters Charlie Stayt and Naga Munchetty have sparked viewer fury after a tense and 'patronising' interview with Treasury Minister Gareth Davies, with critics accusing them of unprofessional conduct and bias.
DOJ Report: Minneapolis Police Engaged in Systemic Racism
A damning US Justice Department investigation reveals a culture of systemic racism, excessive force, and discrimination within the Minneapolis Police Department, two years after the murder of George Floyd.
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 Orders Treasury: Make Wealth Creation Top Priority
Exclusive: Chancellor Rachel Reeves outlines her comprehensive strategy for wealth creation, challenging Treasury orthodoxy and promising a new economic approach for growth-starved Britain.
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.
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