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Economics

  • Rachel Reeves’ benefit handouts are unchristian, Badenoch says

    November 28, 2025

    Kemi Badenoch has argued that Rachel Reeves’ welfare splurge in the Autumn Budget is inconsistent with Christian values, as she blasted the Labour government for raising taxes to fund increased spending. The Chancellor hiked taxes by £26bn on Wednesday to fund a massive injection of cash into welfare benefits, including the controversial decision to lift [...]

  • UK government denies brain drain due to high tax burden

    November 27, 2025

    The UK government has denied that more Brits are leaving the country because of a higher tax burden.  The Prime Minister’s spokesman denied suggestions that tens of thousands of Brits were fleeing the country due to higher taxes after the Budget raised the burden by another £26bn to a historic high. City AM analysis showed [...]

  • Brain drain: Net migration plummets to pre-pandemic low as more Brits flee 

    November 27, 2025

    Net migration has fallen to a pre-pandemic low, official statistics have shown, as successive Tory and Labour governments have looked to tighten controls on visas.  The Office for National Statistics (ONS) has said net migration dropped to 204,000 in the year ending June 2025, around two-thirds lower than levels a year earlier.  The large fall [...]

  • ‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears

    November 27, 2025

    A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year. The Resolution Foundation, which was previously headed by Treasury minister Torsten Bell, suggested Rachel Reeves’ Budget was “deceiving” by back-loading consolidation [...]

  • Thanks to Reeves, our economy is now a 20 mile per hour zone

    November 27, 2025

    If, on Wednesday morning, you’d asked me how this entire Budget process could ever get more chaotic and absurd I might have said “I suppose the entire thing could leak, before the Chancellor delivers it.” Then again, I probably wouldn’t have suggested such an implausible scenario. But at 11.44am yesterday morning, just ten minutes before [...]

  • ‘Spend now, pay later’ – Reeves drags a million more Brits into higher rate tax

    November 26, 2025

    Nearly a million more people will be dragged into paying the higher rate of income tax as Rachel Reeves took the UK’s tax burden to an all-time high. In a Budget that aims to raise some £26bn in extra government revenue by the end of parliament, Reeves extended the income tax thresholds freeze, which economists [...]

  • Budget: Blow to investors and startups ‘hidden’ in small print

    November 26, 2025

    A blow to investors and early-stage businesses has been revealed in the small print of Rachel Reeves‘ Budget. The tax relief available on venture capital trusts has been slashed, according to the full Budget document released by the Treasury following Reeves’s speech in the House of Commons. While the venture capital trusts’ annual and lifetime [...]

  • Budget: Kemi Badenoch slams ‘shameless’ Rachel Reeves

    November 26, 2025

    The mood in the House of Commons morphed from rowdy to somewhat tense following the Budget, as Kemi Badenoch launched a series of scathing political and personal attacks on Rachel Reeves. The Conservative leader slammed the Chancellor’s position as “untenable”, and her fiscal announcements as a “Budget for Benefits Street”. Badenoch said: “I hope she [...]

  • Autumn Budget: Reeves splurges £12bn on welfare as two-child benefit cap ditched

    November 26, 2025

    The UK’s fiscal watchdog has forecast welfare spending to soar over the next few years after the Labour government ditched plans to reform the welfare state. The Office for Budget Responsibility (OBR), which accidentally published its report before the Budget, has said welfare spending will rise by £12bn in the fiscal year 2029-30, when compared [...]

  • Budget ‘chaos’ may stall interest rate cuts

    November 26, 2025

    The “chaos” around Budget measures may delay further interest rate cuts as the Bank of England figures through the effects of a flurry of tax rises, despite Rachel Reeves’ stated commitment to set the conditions for borrowing costs to be lowered.  The Chancellor has said curbing the cost of living was a key “priority” at [...]

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