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The Latest Breaking News from IFS

Rachel Reeves may need extra £9bn to avoid cuts to public services, says IFS

Institute for Fiscal Studies says chancellor may have to revisit tax plans to avoid real-terms cuts in some areas

The Guardian - UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

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read the most diverse news in one place.

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

‘Budget not something I want to repeat ever again’ – Reeves

The Chancellor defended her first fiscal announcement and said she does not want to repeat the £40 billion tax rises she implemented.

Evening Standard

Five key charts: what will underpin 2024 budget statement by Rachel Reeves?

Labour chancellor to deliver budget after speculation over tax rises, debt rule changes and promised end to austerity

The Guardian - UK

What is Labour’s controversial private school VAT raid policy?

Rachel Reeves commits to new year tax rise in first Budget as chancellor

The Independent UK

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Fact check: The proportion of adults paying income tax has risen since 2014

In the 2014-15 fiscal year around 30.7 million people paid income tax, and this reached 37.4 million a decade later.

Evening Standard

Reeves warns that Budget pain will just be the beginning with more difficult choices to come

Rachel Reeves uses a pre-Budget visit to a hospital to warn that fixing Britain’s problems ‘will take more than one Budget’

The Independent UK

Rayner and Dowden clash over prospect of Budget tax rises at ‘battle of gingers’

The two took centre stage at Prime Minister’s Questions because of Sir Keir Starmer’s visit to Samoa.

Evening Standard

When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?

Millions could pay more income tax if ‘stealth’ policy is continued

The Independent UK

The Guardian view on tax and spend politics: dodging debate by fiddling with fiscal rules

Editorial: Is there any point to self-imposed restraints if they’re often broken? The chancellor should adopt a more transparent approach

The Guardian - UK

Don’t listen to the Tories – Labour is right to raise taxes

The rumoured rise in national insurance on employers makes sense. As for claims Labour promised not to do that: it didn’t, says Guardian columnist Polly Toynbee

The Guardian - UK

Keir Starmer’s warning to ministers after cabinet Budget row erupts

Angela Rayner leads revolt against ‘huge’ spending cuts in Rachel Reeves’s Budget

The Independent UK

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The Guardian - UK

Paul Johnson to leave influential IFS economics thinktank

Leading authority on tax and spending policy to depart Institute for Fiscal Studies next year for Queen’s College, Oxford

The Guardian - UK

Thursday briefing: The £40bn funding gap, £22bn ‘black hole’ and more tricky terms, explained

In today’s newsletter: Chancellor Rachel Reeves is painting a bleak picture ahead of the budget later this month. Here’s what all the jargon means

The Guardian - UK

No 10 rejects claim Labour misled voters about tax plans in manifesto – as it happened

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

Evening Standard

Rachel Reeves 'rolling pitch for big tax rises' in Budget with £40billion plan briefing, says top economist

IFS director Paul Johnson believes Labour will break its election manifesto on tax

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The Independent UK

How will the employer National Insurance rise affect you?

One expert has called the Labour measure a “straightforward breach” of its manifesto

The Independent UK

Reeves warned national insurance hike would be ‘straightforward breach’ of manifesto

Speculation is mounting that the chancellor is considering raising employer contributions

Evening Standard

Inflation-busting council tax rises of 5% may be in Rachel Reeves Budget, top economists warn

They also say that increasing employer National Insurance would be a ‘clear breach’ of Labour’s manifesto

The Independent UK

Row over claims Rachel Reeves could hike capital gains tax as high as 39%

Chancellor has dismissed Budget speculation but fears are rising over a massive tax hike to fill a £25bn black hole in her plans

The Guardian - UK

Rachel Reeves considers raising capital gains tax to 39%

Exclusive: Rates of 33% to 39% being tested as Treasury source says tax-raising plans are in ‘complete disarray’

The Independent UK

Rachel Reeves warned up to £25bn of tax rises needed to avoid austerity

Rachel Reeves’ first budget could be ‘the most consequential since at least 2010’, the IFS said

The National (Scotland)

Rachel Reeves told she needs £25 billion tax increases to avoid austerity

Rachel Reeves may need to raise up to £25 billion from tax increases if she wants to keep spending rising with national income, the Institute for…

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