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.
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.
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.
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.
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'.
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.
Exclusive: Federal Reserve officials reveal plans to slow balance sheet reduction in strategic move to stabilise markets and address persistent inflation concerns.
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.
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.
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.
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.
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.
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.
Former 'Strictly Come Dancing' contestant Thomas Skinner's wife, Carly, opens up about the devastating impact of his affair with a show dancer, revealing the humiliation and betrayal she felt in an emotional tell-all.
Exclusive investigation reveals how Katie Price, Tommy Fury and other celebrities allegedly cheated their way through marathons and triathlons, faking times and cutting courses in stunning charity race scandals.
The City of Santa Monica faces financial catastrophe and potential bankruptcy as it grapples with a devastating £230 million settlement for a historic child sex abuse scandal at its public schools.
Veteran actor Charles Dance launches a scathing critique of the BBC, accusing the corporation of being 'frightened' and mishandling the recent Gregg Wallace 'Strictly' controversy. Dive into the internal crisis shaking the world's largest broadcaster.
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.
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.
Exclusive: HMRC launches new investigation into Nigel Farage's tax affairs amid allegations of undisclosed income and offshore accounts. The Reform UK leader faces mounting pressure as financial scrutiny intensifies.
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.
The male plaintiff in the $260 million lawsuit against Hollywood mogul Tyler Perry has spoken out publicly for the first time, detailing allegations of sexual assault and a subsequent campaign of intimidation. The explosive case, filed in Atlanta, Georgia
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.
Exclusive: Boris Johnson's private office expenses face fresh scrutiny over links to a business contact. New documents reveal a controversial payment for 'IT services' amidst a DDoS attack, raising questions about financial conduct and the use of public f
Explosive details emerge from Jeffrey Epstein's 50th birthday tribute book, featuring effusive praise from Donald Trump, Bill Clinton, and Prince Andrew. The Guardian's investigation uncovers the deeply troubling associations of the convicted sex offender
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.
A former Illinois teacher, Christina Formella, is selling her home to pay a $825,000 settlement after a secret sexual relationship with a student was exposed. The scandal has rocked the local community and raised serious questions about safeguarding.
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.
Exclusive: Friends reveal the shocking descent of former MP David Warburton, from sleeping in his car to a life engulfed by cocaine, sex, and a £130k Porsche, leading to his political ruin.
New York City Mayor Eric Adams declares he will not withdraw from the mayoral race, despite a deepening FBI probe into campaign finance irregularities and mounting calls for his resignation.