Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules Rachel Reeves is braced for revised forecasts by the Office for Budget Responsibility (OBR) to blow a £20bn hole in her tax and spending plans before the autumn budget. Even without changing the totals the chancellor set out in her spending review on Wednesday, a weaker forecast from the the Treasury’s independent watchdog could force her to find significantly more money at the budget to meet her “non-negotiable” fiscal rules. Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home Rachel Reeves has said those with the “broadest shoulders” should pay their “fair share” into the exchequer, as she prepares to raise taxes in next month’s budget. The chancellor is expected to deliver a package of tax increases and spending cuts on 26 November to meet her fiscal rules in the face of deteriorating forecasts from the independent Office for Budget Responsibility (OBR). Continue reading...

Chancellor used Barnett formula to fund Scotland, Wales and Northern Ireland, despite their larger public sectors Rachel Reeves has been accused of shortchanging the UK’s devolved nations after leaving the Welsh, Scottish and northern Irish governments with multimillion-pound funding gaps. The chancellor said the Treasury would fully cover the 1.2% rise in national insurance contributions for employers on salaries above £5,000, which came in on 6 April. Continue reading...

Big increase for NHS in England as Home Office and Foreign Office face real-terms cuts