Search articles

“John Healey cast more confusion on Labour's welfare policy today amid warnings that the UK is still in the crosshairs of debt markets.”

“A cap on bus fares, minuscule cuts to energy bills and a few pence off a jar of gherkins do not constitute an economic plan.”

“Current Labour plans indicate cuts of 2.3 per cent in real terms in many areas of public spending between 2028-29 and 2031-32.”

“Politicians around the world, including in the UK, have been weighing up the merits of introducing a wealth tax of their own, and the outcome of the California vote will be watched with intense interest.”

“Residents of the UK's benefits capitals might have been expected to welcome John Healey's Budget this week, the first under Prime Minister Andy Burnham.”

“Since its unveiling in 2010 and introduction for the 2012 tax year, the triple lock has provided a financial comfort blanket for millions of pensioners The triple lock: In short Since its unveiling in 2010 and introduction for the 2012 tax year by the…”

“But government sources said unspecified tax rises would be needed to help fund the grandiose plan.”

“That means money for new things – defence, social care, council housing or support for rough sleepers to name just a few of Andy Burnham's promises – will have to be found from spending cuts or tax rises.”

“John Healey is planning to send 2,000 anti-fraud experts into job centres in a bid to crack down on benefits cheats and save taxpayers £1.4 billion 'At the Budget, we're rooting out those who abuse the welfare system, while protecting those who need it most.'…”

“Nearly two-thirds (63 per cent) support a reduction in foreign aid spending, but there was little backing for more borrowing, higher taxes, or cuts to public services.”

“Nearly two-thirds (63 per cent) support a reduction in foreign aid spending, but there was little backing for more borrowing, higher taxes, or cuts to public services.”

“…in Mr Burnham's administration – wrote: 'The Labour Party's plan for an expansive (and expensive) state sits uncomfortably with this precarious fiscal backdrop.' He backed Tory plans to bring in 'cuts to business and employment taxes and regulation to unleash…”

“Although the International Monetary Fund (IMF) last week hailed Labour's plan to narrow the Budget deficit – the shortfall between spending and revenue – the Tory leader will say it is based on 'made-up spending cuts'.”

“An estimated 981,000 young people aged 16 to 24 in the UK were NEET between April and June this year, according to official figures - around one-in-eight of the age group 'Their tax hikes and red tape have made it harder for businesses to hire, invest and…”

“‘That said, I’ve got decisions to take in the Budget, and I’ll set those out in two weeks’ time.’ The Trades Union Congress has called for ‘a windfall tax on bank profits to fund cuts to energy bills for everyone on low and middle incomes’.”

“Chancellor John Healey's Budget options are limited, experts say That implies that higher taxes or spending cuts will need to take the strain in funding the government's plans to support households stung by the soaring cost of living.”

“Less spending [will be] part of the new pressures that you will have from different sources.' According to IMF forecasts, the UK is already raising taxes faster than any other administration in the Western world.”

“Meanwhile, Reform's self-styled 'Shadow Chancellor' Robert Jenrick opposes Kemi's plan to scrap inheritance tax on primary residences, saying that his priority is to provide 'tax cuts for working people, not for the super rich'.”

“Taxes on employing young people are to be halved under Tory plans to tackle the youth jobs crisis.”

“Senior ministers told The Telegraph they are against a tax on banks as they believe this would send the wrong message to businesses looking to invest in the UK.”

“…programme: 'What we want to see is that people who work harder don't get punished for doing so.' Elsewhere, the Tories have announced a plan to tighten access to student loans for non-UK nationals – a policy they say would save the taxpayer £900million a…”

“Economists believe Chancellor John Healey will need spending cuts or tax rises on October 28, but the former would be fiercely resisted by Labour MPs.”

“…ake the necessary investment in defence.' Asked whether his plans for social care reform would be funded by a new tax or spending cuts elsewhere, he said: 'I will reveal detail tomorrow.' It comes just a day after Wes Streeting said they were trying to avoid…”

“- See more Daily Mail on Google - save us as a Preferred Source Andy Burnham yesterday said he will fight the next election on a pledge to raise billions more in tax to fund 'free' social care.”

“However, with markets alarmed at UK borrowing levels that would require him to find billions of pounds more from other tax rises or spending cuts - the latter of which would meet stern resistance from Labour MPs.”

“- See more Daily Mail on Google - save us as a Preferred Source Labour is under growing pressure to slash taxes after the Liberal Democrats unveiled plans for £17billion in income tax cuts if they enter government.”

“A report from the North Sea Transition Taskforce says a plan to phase out the windfall tax must be brought forward to prevent a ‘disorderly decline’ in the industry But that represents a fall of 25,000 since the last election, with the pain of job cuts being…”

“‘Whether that’s abandoning plans to raise Fuel Duty, cutting the tax or even reducing VAT on fuel, there are levers that can be pulled and nothing should be off the table for the Chancellor next month.’ Richard Tice, deputy leader of Reform UK, added:…”

“…rists from Whitehall' Richard Tice, deputy leader of Reform UK, accused Labour of taking drivers 'for a ride' amid a planned Fuel Duty hike Tory shadow transport minister Greg Smith said: ‘Prices at the pumps are eye-watering and the Government needs to stop…”

“Last week Prime Minister Andy Burnham announced plans to impose a £1.6billion 'tourist tax', which would hit Britons holidaying in the UK with a 5 per cent surcharge – the latest in a raft of rises to tax and National Insurance since Labour's 2024 general…”

“Not helping things is Labour’s decision in April last year to abolish the ‘non-domicile’ tax status, via which certain mostly foreign residents were only required to pay UK tax on assets they moved onshore (and avoided it on worldwide income and gains).”

“Mr Jenrick said the move would cut Britain's debt interest payments by £28billion a year and free up cash for tax cuts to ease the cost of living and kickstart economic growth.”

“Without a plan for tax hikes and spending cuts of around £40billion, they will 'inherit the mortgage without the house', the National Institute of Economic and Social Research (NIESR) said.”

“The Reform UK leader said his party would unveil a 'radical' package of tax cuts on Saturday designed to ease the cost of living and kickstart the economy.”

“- See more Daily Mail on Google - save us as a Preferred Source Andy Burnham has reportedly shelved plans to address the UK's massive welfare bill in this year's Budget – as his Chancellor suggested the October economic blueprint will include a 'mansion tax'.”