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The Latest Breaking News from IFS

‘Disastrous’: Modi govt allows commercial plantations in forests, drops safeguards

In a move that further weakens India’s forest conservation laws, the Ministry of Environment, Forests and Climate Change (MoEFCC) is all set to open up forests for commercial plantations by private and government entities without the requirement of a one-time monetary compensation, called net present value (NPV), and compensatory afforestation.…

Newslaundry

Six councils granted power to raise council tax without needing to consult residents

The Institute for Fiscal Studies (IFS) has estimated that Wandsworth and Westminster councils would need to hike council tax by as much as 75 per cent to balance the books in the wake of government reforms

The Independent UK

Radical Reeves? The chancellor’s mansion tax is a small but brave step forward

The high-value council tax surcharge may only raise £400m but it’s the best opportunity for a bigger, fairer tax on wealth

The Guardian - UK

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Reeves accused of misleading public on Budget black hole to justify £26bn tax raid

Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

The Independent UK

Congratulations, everyone! Starmer survives another week, and it’s only cost us £26bn

Labour can proudly say this was a budget for working people – that is, if your job happens to be prime minister, says Guardian columnist Marina Hyde

The Guardian - UK

Starmer forced to deny breaking Labour manifesto as experts sound dire warning over Budget plans

Damning assessment came as chancellor and prime minister forced to defend plans and insist they did not breach manifesto promises

The Independent UK

Budget tax rises may be ‘fiscal fiction’ as pain delayed for election year, IFS warns

Labour MPs welcome scrapping of two-child benefit cap but worry about hefty future tax increases on constituents

The Guardian - UK

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Reeves should be more ambitious on tax reform to boost economic growth – IFS

The Institute for Fiscal Studies’ director Helen Miller called on the Chancellor to be more ambitious about measures to boost growth.

The Independent UK

Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

The Independent UK

'You won't write my obituary': Under-fire Reeves hits back at critics of her tax and benefits Budget

The Chancellor’s statement put Britain on course for a record tax burden as she hikes levies

Evening Standard

What Rachel Reeves could do to pension tax at the Budget

As the chancellor looks to bolster government funds, few options remain off the table

The Independent UK

Facing facts on property tax: Rachel Reeves’s Budget options as she hunts for billions

BUDGET 2025: With Labour’s Budget imminent, the chancellor faces a £22bn hole and a narrowing set of promises on tax. Property, long the quiet corner of the system, may finally be in her sights. Here Sean O’Grady and Albert Toth analyse the options available to Reeves

The Independent UK

How could council tax change in budget – and who would be hardest hit?

Critics say current system is a ‘dog’s dinner’ – with homes in Blackpool paying more than in one of London’s wealthiest boroughs

The Guardian - UK

Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

Evening Standard

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The Independent UK

Reeves ‘plots new property tax’ in Budget after income tax U-turn

Chancellor could bring in new levy on high-value properties and maintain the freeze on thresholds

Evening Standard

Stealth tax alert: Reeves Budget to make record 10m pay Income Tax higher rate if she freezes thresholds

A further two-year freeze on Income Tax thresholds would drag 790,000 more people into paying the 40% higher rate, according to the IFS

Barchart

This ‘Strong Buy’ Financial Stock Can Help You Unlock Profits in Peru

Intercorp Financial Services (IFS) is trading at a 5-year high and has strong technical momentum. Shares are up 63% in the past 52 weeks and nearly 50% in the year to date. IFS has a 100% “Buy” opinion from Barchart. Fundamentals remain solid for IFS, with projected revenue and earnings...

The Guardian - UK

Three weeks till budget day – and now Rachel Reeves is ‘being honest’ about tax

The chancellor is levelling with us about the pain to come. Is there anyone outside Planet Rachel who couldn’t see that truth two years ago, asks Guardian columnist Marina Hyde

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news in one place.

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The Independent UK

What is a ‘mansion tax’ and how would it work?

A new levy targeting wealth could reportedly be announced by chancellor today

Evening Standard

UK can ‘defy’ gloomy forecasts despite productivity problems, says Chancellor

Rachel Reeves argued that austerity, Brexit and the pandemic had left ‘deep scars’ on the UK’s economy.

The Independent UK

Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

The Independent UK

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Guardian - UK

‘My big shop used to cost £100, now it’s £150’: readers recount their shock at supermarket food bills

We hear your stories of how you balance the family finances, from buying own brands to cutting right back on weekly shop

The Independent UK

IFS outlines cost-effective ways to reduce child poverty

IN FULL

The Independent UK

Scrapping two-child benefit cap cost-effective way to reduce poverty – IFS

Chancellor Rachel Reeves has faced increasing calls to lift the cap.

1 2 3 4 5

People

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AJ Bell

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