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The Latest Breaking News from Niesr

Keir Starmer plays down warnings that taxes will have to be raised in autumn

PM says he doesn’t recognise some figures in independent forecast that projects £51bn shortfall in public finances

The Guardian - UK

Starmer dodges tax question ahead of autumn budget

IN FULL

The Independent UK

Starmer opens door to income tax rise in autumn Budget as pressure to fill £50bn hole mounts

Labour prime minister pledged that plans to be set out in the autumn would make ‘sure people feel better off’

The Independent UK

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Starmer defends handling of economy but declines to rule out tax hikes

The Prime Minister said Chancellor Rachel Reeves’ upcoming budget will ‘build on what we’ve done’ by focusing on ‘living standards’.

Evening Standard

Rachel Reeves 'to hit taxpayers' as £51bn black hole found in public finances

CHANCELLOR Rachel Reeves is set to impose yet more misery on taxpayers, according to a new report which found that there is a £51 billion black…

The National (Scotland)

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Niesr said Rachel Reeves is facing an ‘impossible trilemma’ and will likely need to resort to tax rises in the autumn budget.

Evening Standard

The government ‘black hole’ which could see your taxes start to rise

IN FULL

The Independent UK

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Something has to give, chancellor – and that something is income tax

THE INDEPENDENT VIEW: Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

The Independent UK

Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap

The Guardian - UK

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

Rachel Reeves is set for a £41.2 billion shortfall on her ‘stability rule’, he National Institute of Economic and Social Research said.

The Independent UK

Rachel Reeves faces 'impossible trilemma' and must raise taxes in the autumn budget, economists warn

Rachel Reeves must raise taxes or cut spending in the autumn budget to plug a £41billion budget black hole, the National Institute of Economic and Social Research says

Evening Standard

Rachel Reeves faces ‘impossible trilemma’ and must raise taxes or cut spending to plug £50bn black hole

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

The Independent UK

Domestic economic woes will wreck Reeves’ budget plans, says thinktank

The forecast said low growth would place the Bank of England in difficult position ahead of next interest rate decision

The Guardian - UK

Chancellor Rachel Reeves on track to miss fiscal rules by £63billion, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research

Evening Standard

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The Independent UK

Chancellor on track to miss fiscal rules, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the Niesr think tank.

The Guardian - UK

UK drops down list of affluent nations after decade of stagnation, NIESR finds

Districts in Birmingham now ranked below poorest areas of France, Malta and Slovenia as institute urges rethink on planned welfare cuts

The Independent UK

Poorest in Britain worse off than Slovenia and Malta after 15 years of stagnant wages, report warns

A damning report found that the worst off in parts of Britain are now poorer than those in Slovenia and Malta after a decade and a half of stagnant incomes

The Guardian - UK

UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit

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The Independent UK

Embattled Rachel Reeves gets Budget boost with growth forecast – but Trump tariffs will damage UK economy

Think tank says GDP growth is likely to be 0.2 percentage points lower in the first year of tariffs if implemented by the US president

The Independent UK

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs

Exclusive: Warning from a leading trade expert comes as new projections show tariffs imposed by Trump could shrnk the UK economy over the next three years and wipeout growth ahead of the next general election

The Independent UK

No winners if Trump sparks global trade war, Starmer warned

Exclusive: Tariff war with US would create ‘very challenging market for UK’, Britain’s top international trade expert says

The Independent UK

European markets fall back but Wall Street surges after Trump victory

The FTSE 100 opened firmly higher but handed back all its gains to close lower at the end of trading.

The Independent UK

Global stock markets rally as Donald Trump takes victory in US election

Strong gains in premarket trading in New York showed stocks on Wall Street look set for a fresh rally on Wednesday in response to the result.

The Independent UK

Global stocks soar as Trump wins US election

Global stocks rallied after Donald Trump’s historic election win as the result offered certainty to markets

The Guardian - UK

Trump tariffs would halve UK growth and push up prices, says thinktank

NIESR warns British economy would be one of the worst affected by protectionist policies

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