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The Latest Breaking News from Paul Johnson

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

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

The Independent 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

The Guardian - UK

Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year

The Independent UK

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Spring statement will lead to six months of ‘damaging speculation’, IFS warns

The Institute for Fiscal Studies said Rachel Reeves’ adherence to fiscal rules will lead to speculation about tax hikes in the autumn budget.

The Independent UK

Wealth tax almost impossible to implement, leading economist warns

‘No country in the world has ever successfully had a wealth tax’, IFS director Paul Johnson told The Independent

The Independent UK

Millions Face £1,200 Benefit Cut as Rachel Reeves Pushes ‘Brutal’ Welfare Overhaul

Millions of disabled and long-term sick claimants could see their benefits slashed by as much as £1,200 a year as Rachel Reeves pushes ahead with major welfare cuts.

The Fashion Central

Sick and disabled face being stripped of £1,200 a year each in welfare benefits as Reeves tries to balance Budget

As the OECD downgraded British growth forecasts, chancellor Rachel Reeves is still arguing over details of benefits cuts ahead of a major statement in the Commons

The Independent UK

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Five years on: Britons among hardest hit by Covid fallout

Life expectancy, homelessness and young people’s mental health were among the areas where Britain performed poorly despite spending more than other countries

The Guardian - UK

Reeves to be forced into fresh tax hikes or austerity drive by faltering economy, top economists warn

Rachel Reeves is warned it will be tough to find extra money for defence spending without raising taxes

The Independent UK

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

Evening Standard

Starmer accused of fiddling the figures on defence spend increase

The defence secretary admitted Sir Keir’s figures were misleading as the Tories demand Labour to be ‘straight about the facts’

The Independent UK

Gloomy growth forecast adds to Rachel Reeves’ woes

The Bank of England cut interest rates but halved its growth forecast.

The Independent UK

Reeves accused of abandoning principles over China in ‘delusional’ bid to save UK economy

Exclusive: Former cabinet minister Iain Duncan Smith said that the chancellor’s trip to Beijing was a desperate move ‘because she has trashed the economy’

The Independent UK

Look at the farmers’ protest, and then ask yourself: how will we ever make tax fairer amid such grumbling?

Labour inherited a dire situation that needed desperate change – but powerful lobbies make any tax reform near-impossible, says Guardian columnist Polly Toynbee

The Guardian - UK

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Evening Standard

OPINION - Everyone agrees stamp duty is a terrible tax. So why are we stuck with it?

Yes, you can blame the Treasury if you like

The Guardian - UK

All these sad stories of the stricken rich prove one thing: Labour’s budget is on the money

Rachel Reeves’s first budget has triggered a backlash – but only the wealthiest are being asked to pay their fair share, says Guardian columnist Polly Toynbee

The Guardian - UK

After Reeves’s historic budget, Labour has time to pursue its revolution. What it needs now is public trust

The government is operating in an unforgiving time and lacks capital with voters. It will be crucial to address that, says Guardian columnist Martin Kettle

The Guardian - UK

Reeves told she will have to raise further £9bn to avoid UK public service cuts

Warning comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

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The Independent UK

The chart that reveals the Budget’s real winners – and who will be hit hardest

Nine out of 10 taxpayers will benefit as a percentage of income from the Budget, according to a Treasury analysis

The Independent UK

Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’

Rachel Reeves was forced to accept that her decision to raise employers’ national insurance contributions will lead to workers being paid less, but asked, ‘what alternative was there?’

Evening Standard

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

The Guardian - UK

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 Independent 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

Evening Standard

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

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the International Monetary Fund

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Institute for Fiscal Studies

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the Institute for Fiscal Studies

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