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The Latest Breaking News from IFS

Labour's fiscal rules are 'daft' – they should borrow more, IFS director says

LABOUR’s self-imposed fiscal rules are “pretty daft” and ape the Conservatives, according to the director of a leading economics think tank ...

The National (Scotland)

'Nonsense': Anas Sarwar panned for 'UK cuts not related to Scottish cuts' claim

ANAS Sarwar has been panned after he claimed that UK Government cuts are “not related” to cuts in Scotland ...

The National (Scotland)

Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

The Independent UK

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Former Sunak adviser urges Labour to introduce wealth tax on housing

The economist behind the Covid furlough scheme has called for ‘unfair’ council tax and stamp duty to be axed in England

The Guardian - UK

OPINION - Jack Monroe was right – 'cheapflation' really did hit the poorest households

Every month, our friends at the Office for National Statistics (ONS) publish the latest annual inflation rate, which measures the change in the price of regularly purchased products compared with the same time the previous year. Today, that figure (or rather, July's figure) was 2.2 per cent, slightly up on June…

Evening Standard

UK’s poorest households felt brunt of rising food prices in cost of living crisis

It comes as fresh inflation data from the Office for National Statistics found that inflation ticked up to 2.2 per cent in July

The Independent UK

Revealed: how UK’s poor paid price of ‘cheapflation’ in cost of living crisis

Price rises were bigger for budget foods than expensive varieties during peak years of inflation, research shows

The Guardian - UK

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Scottish independence group issues update on St Andrew's Day convention

A SCOTTISH independence group has issued an update on a convention it has planned for later in the year ...

The National (Scotland)

Broken CPUs, workforce cuts, cancelled dividends and a decade of borked silicon—how has it all gone so wrong for Intel?

Intel can still turn the ship around, but time is running out.

PC Gamer

Netizens Call For Immediate Cut Of MP Salaries And Expenses After Rachel Reeves Leaves 10M Pensioners 'Out In The Cold'

Reeves claimed the public finances face an extra £22 billion hole inherited from the Conservatives and warned of "difficult decisions" ahead

International Business Times UK

Reeves and Hunt come to brink of fisticuffs over mysteriously absent £22bn

The chancellor blames her predecessor for everything, including her reinvention as a Ministering Angel of Death

The Guardian - UK

'I don't accept there will be cuts': Sarwar urged to apologise for misleading voters

SCOTTISH Labour are being urged to apologise for misleading voters after Anas Sarwar claimed he did not “accept” there would be spending cuts…

The National (Scotland)

The billions Britain needs are at Rachel Reeves’s fingertips, and no fiscal promises need be broken

These initial cuts must be followed by an autumn budget that taxes the richest and focuses on growth, says the Guardian columnist Polly Toynbee

The Guardian - UK

OPINION - Labour can get away with tax rises if NHS gets better and homes are built

Sir Keir Starmer has taken on the hard-Left and seen off the Tory Right. But now the Prime Minister faces his biggest battle yet: a head-on collision with the undisputed heavyweight champions of British politics — the Institute for Fiscal Studies.

Evening Standard

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The National (Scotland)

What time is Chancellor Rachel Reeves's speech on UK finances – and how to watch

CHANCELLOR Rachel Reeves is expected to announce cuts to infrastructure projects as she addresses public spending and a £20 billion “black…

The National (Scotland)

'Lie and pretend': Disbelief as Labour claim Tories 'covered up' £20bn funding hole

CHANCELLOR Rachel Reeves has been met with disbelief after claiming that a Tory government “cover up” hid a £20 billion shortfall in the UK’s…

The Independent UK

Rachel Reeves to unveil ‘broke Britain’ dossier as Jeremy Hunt hits back with tax ‘scam’ claim

Rachel Reeves is expected to tell parliament that Rishi Sunak’s party left a £20bn black hole in the public finances, including making ‘significant funding commitments’ this year with no idea how they would be paid for

The Independent UK

How Labour could raise taxes as Starmer admits budget will be ‘painful’

The government has confirmed that tax rises are on the horizon

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news in one place.

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The Independent UK

Rachel Reeves set to unveil £20bn black hole in public finances

Fears that the chancellor may need to consider further tax rises as she is set to reveal bad news on public finances

The Guardian - UK

Soaring UK mortgage rates have pushed 320,000 adults into poverty, thinktank says

Institute for Fiscal Studies report says interests rate rises have inflicted differing levels of hardship

Al Jazeera

What is the UK’s two-child cap on benefits and will Labour ever reverse it?

Prime Minister Keir Starmer is facing calls from campaigners and his own MPs to scrap the cap on family benefits.

The Guardian - UK

Labour facing moment of truth over tax pledges, economists warn

Experts say 5.5% pay increase for public sector not ‘consistent’ with spending plans that rule out tax rises

The Guardian - UK

Reeves hints public sector workers could get above-inflation pay rises

Independent pay review bodies for teachers and NHS staff have reportedly advised increases of about 5.5%

The National (Scotland)

Rachel Reeves issues warning after minister claims finances 'worse than we thought'

RACHEL Reeves has warned she will have to make “difficult decisions” following claims from a minister that the UK's finances are "worse…

The Guardian - UK

Labour can end austerity at a stroke – by taxing the rich and taxing them hard

The focus on growth to ease the UK’s economic ills will not be nearly enough, says Guardian columnist George Monbiot

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