Category: Tax and spending

Treasury seeks to keep water firm fines earmarked for sewage cleanups

Exclusive: Restoration fund in England could be ‘siphoned off’ to be used for general government spending, not repairing rivers Rachel Reeves’s Treasury is looking to keep millions of pounds levied on polluting...

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Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves

ONS data shows CPI below reading of 2.6% in November, meaning prices rose at a slower rateUK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in...

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Tulip Siddiq resigns as Treasury minister, saying she has not broken code but is a ‘distraction’ to government – UK politics live

Siddiq says in resignation letter that staying would be a ‘distraction’ amid ongoing controversy over her links to her aunt, the former Bangladeshi PMStephen Doughty, a Foreign Office minister, has told MPs that the...

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Reeves mulls deeper cuts to public services as borrowing costs soar

Chancellor could slash departmental spending in spring after ruling out tax increase, officials revealRachel Reeves is considering imposing steeper cuts to public services to repair the government’s finances after a...

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UK firms plan price rises as confidence falls to lowest level since Truss budget

BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike pricesMore than half of British companies are planning price rises in the next three months, according to research that...

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