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The Latest Breaking News from IPPR

Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

Evening Standard

Name and shame ‘shrinkflation’ culprits, Reeves urged ahead of Budget

Reeves must declare ‘war on bills’ at the Budget, the IPPR says

The Independent UK

Third of employees report calling in sick with a hangover – but blame post-work pints

Researchers call for booze-free work socials and say post-work pints are a productivity problem

The Independent UK

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One in three UK workers have called in sick after work drinks, survey finds

IPPR report warns of ‘productivity crisis’ and says many firms out of step with gen Z shift away from alcohol

The Guardian - UK

Raise alcohol taxes to tackle job-related drinking ‘productivity crisis’ – think tank

Research found workers’ productivity and economic growth is being stifled by the impact of alcohol consumption at work events.

Evening Standard

Why fears over ‘workplace productivity’ could see cost of a pint rise

The IPPR found one in three workers called in sick after drinking at work events over the past year

The Independent UK

‘Help has been cut right across the board’: Number of unpaid carers soars by 70% to 1.9m people

Martin McGowan and his wife Sue are among those who have spent their lives caring for one another without pay

The Independent UK

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Bank of England slows rate it sells off government bonds

The Bank’s announcement came alongside its decision to keep UK interest rates at 4%.

Evening Standard

Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs

Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year

The Guardian - UK

What's The Bank Windfall Tax: UK Major Banks' Shares Tumble Following Calls to Tax Bank Profits

UK bank shares fell after IPPR proposed a 'QE reserves income levy' that could raise about £8bn a year by taxing windfalls from Bank of England reserves, reviving a Thatcher-era idea and sparking warnings from lenders about growth and competitiveness.

International Business Times UK

UK bank shares tumble as sector fears new tax

British banks Barclays, Lloyds and NatWest saw their share price fall following news that the UK government could implement new taxes on the sector to fill a sizeable gap in the budget.

Euronews

UK bank shares tumble after call for windfall tax on lenders in budget

Investor jitters follow report by IPPR and lead to more than £6bn being wiped off the sector’s market value

The Guardian - UK

UK bank shares fall as fears raised in City over budget tax raid

City traders were reacting to a report from the IPPR which said Rachel Reeves should impose a new bank tax.

Evening Standard

Police warn protesters not to travel to Epping after asylum hotel ruling – as it happened

Home Office and Bell hotel owner challenged injunction granted to council that would have stopped dozens of asylum seekers being housed there

The Guardian - UK

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The Independent UK

Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

The Independent UK

Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

The Guardian - UK

Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year

The Guardian - UK

UK’s richest set to produce 13 times more transport emissions than poorest by 2035

Thinktank predicts wider inequality gap and calls for revised policies to tackle flying and excess private car use

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The Independent UK

UK hasn’t seen poverty like this for 60 years, says Gordon Brown in call to scrap two-child benefit cap

The former prime minister backed reforms to gambling taxes in order to generate the £3.2bn needed to scrap the cap

The Independent UK

Tax gambling industry more to lift 500,000 children out of poverty, government urged

The gambling industry should pay a ‘fairer share,’ former PM Gordon Brown said

Evening Standard

Gordon Brown backs gambling tax reform to tackle child poverty

The IPPR said it feels ‘fair’ to ask the ‘highly profitable’ industry to contribute more.

Evening Standard

OPINION - Only one thing can heal this country after the riots: community spaces

Around late 2012 or early 2013, just as the impact of austerity was truly starting to be felt, social media platforms reached a symbolic milestone. At that point, half of UK adults had become active social media users.

The Independent UK

How ‘Amazon tax’ could save your local pub and community

IN FULL

The Guardian - UK

With Cleverly centre stage, the Tories have a new look – but that isn’t the same as a plan

Does Kemi Badenoch’s reshuffle mean the Reform-lite strategy is over? I don’t know and I’m not sure she does either, says Guardian columnist Martin Kettle

The Independent UK

Voices: Starmer’s authority isn’t the only thing badly dented by his benefits climbdown

INSIDE WESTMINSTER: For Labour backbenchers, the welfare rebellion was a triumph: with the growing possibility of this being a one-term government, and with little prospect of ministerial advancement, MPs have concluded they have nothing to lose by standing up for what they believe in, says Andrew Grice

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