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The Latest Breaking News from IFS

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves

Institute for Fiscal Studies suggests Treasury is ‘making up the numbers’ as it warns council tax will rise at fastest rate in a generation

The Independent UK

Fact check: 2025 spending review claims

Round-up of fact checks from the 2025 spending review compiled by Full Fact.

The Independent UK

Reeves unveils record spending plans but experts warn of tax rises ahead

Chancellor announces £39bn boost for social housing, £29bn for NHS and £11bn for defence – and promises to close all asylum hotels as she takes a swipe at Farage and dismisses Tory warnings of a ‘cruel summer’ of tax rises

The Independent UK

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More tax rises on the way 'if anything at all goes wrong' with Rachel Reeves economic plans, IFS warns

The Chancellor has very little economic cushion to deal with any unexpected events

Evening Standard

Voices: Wes Streeting has won the spending review – but will he blow his winnings?

COMMENT: The NHS will emerge from Rachel Reeves’s funding announcement positively awash with extra cash – but alarm bells should already be ringing about the fall in productivity across the health service, says John Rentoul

The Independent UK

UK could face up to £30bn of tax rises to fund defence spending boost, economist says

Sir Keir Starmer has vowed to boost defence spending to 2.7 per cent of GDP by 2027, as Nato allies push for ‘dramatic increase’

The Independent UK

Free school meals for more children in England is a positive thing, but there’s a catch

The government’s announcement won’t mean much if disability and Pip cuts push more families into poverty, says Guardian columnist Polly Toynbee

The Guardian - UK

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Free school meal expansion in England will benefit fewer than claimed, IFS says

With data showing one in four pupils already get free lunches, institute says short-term benefits overestimated

The Guardian - UK

Rachel Reeves must think big to fund Labour’s ‘battle-ready’ Britain. Tweaks and tinkering won’t do

The whole tax and spending ship is an unseaworthy rustbucket. This spending review is a chance to fix it, says Guardian columnist Polly Toynbee

The Guardian - UK

Rachel Reeves told it is ‘impossible’ to invest in growth, public services and net zero in spending review

Labour chancellor under pressure over spending plans as deputy prime minister Angela Rayner among those whose departments fail to settle budget with the Treasury

The Independent UK

Intel’s Turnaround May Be the Best Bet No One’s Watching

Intel's capture of an alleged embezzlement highlights CEO Tan's efficiency push, suggesting its undervalued stock presents a unique long-term opportunity.

MarketBeat

How more pensioners could be eligible for winter fuel payment after government U-turn

Undoing last year’s policy change would wipe out the £1.5 billion in savings

The Independent UK

Sure Start centres generated £2 of financial benefits for every £1 spent, study finds

New Labour initiative created ‘remarkably long-lasting’ health and education improvements, says report

The Guardian - UK

Intel Refocuses: NEX Sale and Foundry Pivot Signal New Era

Intel's strategic refocus intensifies with potential NEX unit sale discussions and reaffirmed confidence in its foundry's path to future profitability.

MarketBeat

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Evening Standard

How might Starmer make more pensioners eligible for the winter fuel payment?

There are several options for how the Government could go about it.

MarketBeat

Is Intel Stock a Bargain or a Burden? Cheap Stock, High Stakes

Despite a low stock valuation, Intel's conservative forecast following their recent earnings report has led to uncertain investor sentiment.

The Independent UK

Starmer ‘known around the world’ for cutting winter fuel payments for pensioners, top economist says

Labour’s winter fuel cuts have been blamed for the party’s disastrous local election performance

The Independent UK

Rising health-related benefit claims not linked to NHS waiting lists

The Government has announced a series of welfare reforms to get people back into work

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The Independent UK

NHS waiting lists ‘not a driver for rise in health-related benefit claims’

Figures show that the number of working-age adults in England claiming health-related benefits has risen by about 40%

MarketBeat

Intel: Good Quarter, Bad Vibes, Guidance Rattles Investors

Intel reported a Q1 earnings beat but offered weak Q2 guidance, leading new CEO Tan to accelerate restructuring efforts focused on core execution.

The Independent UK

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Guardian - UK

We should celebrate Labour’s good news on nurseries – but it needs to be bolder

Funding schools to set up nurseries works. Why spend more on older children, when we know spending earlier is most effective, asks Guardian columnist Polly Toynbee

The Independent UK

Is this the new austerity? What the numbers say

With the chancellor announcing around £4.8 billion of cuts to welfare spending over the next five years, Alicja Hagopian looks at whether the UK is returning to the austerity policies of ther 2010s

The Independent UK

Starmer says Government record shows ‘mindset’ opposed to tax rises

The Prime Minister said he would not ‘write future budgets’ ahead of time.

The Guardian - UK

Reeves could tax pensions and wealth if economy worsens, says IFS

Chancellor may have to reconsider pledge not to raise taxes in light of ‘risky and changing world’, thinktank says

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People

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