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The Latest Breaking News from Paul Johnson

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

The Guardian - 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?’

The Independent UK

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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.

Evening Standard

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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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

Will Rachel Reeves’s borrow-and-spend Budget actually work?

ANALYSIS: Business will bear the burden of this Budget, so the chancellor must hope it delivers a better economy, says Howard Mustoe

The Independent UK

Taxes, borrowing and spending up in Rachel Reeves’ first Budget

Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.

Evening Standard

Rachel Reeves borrows George Osborne’s mantra in ‘strivers’ Budget

But Keir Starmer vows no return to austerity as he paves way for tax rises and spending cuts

The Independent UK

Rachel Reeves has promised not to raise taxes, so how can she fill budget coffers?

Chancellor said to be planning measures including raising employer NI contributions and capital gains tax rates. We consider the likelihood of each and the potential for a row

The Guardian - UK

Long lines but few problems as Texas wraps the first week of early voting

A Bexar County election worker was assaulted Thursday, officials said. In Tarrant County, officials encouraged voters to review their ballots before voting.

The Texas Tribune

Labour gave us Sure Start to tackle child poverty. Now it should hike tax to keep it

The Tories put British children’s prospects of escaping a poor background into reverse. This is Labour’s chance to fix that, says Guardian columnist Polly Toynbee

The Guardian - UK

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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

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

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

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

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The Independent UK

Budget 2024: Rachel Reeves reveals £40bn in tax hikes and boost to NHS spending in historic speech

Chancellor promised to ‘invest, invest, invest’ after months of bleak warnings over economy

The Independent UK

Ex-Bank of England chief Mervyn King urges Rachel Reeves to raise national insurance in Budget

Exclusive: In a dramatic intervention, the former governor of the Bank of England tells the chancellor she must be ruthlessly honest with the public

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 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…

The Independent UK

Rachel Reeves’s potential borrowing plan risks repeat of Truss mini-Budget meltdown, warns financial expert

Downing Street dismissed the concerns as the Institute for Fiscal Studies said the prospective borrowing plan is ‘very uncertain’

The Independent UK

Sixty days of Starmer: How has the Labour leader done in his first two months in power?

Two months on from Labour’s massive election victory, have they delivered on their pledges?

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