Kemi Badenoch pledges ‘golden rule’ to cut deficit October 8, 2025 Tory leader Kemi Badenoch will reveal her plan to reduce the public deficit will be a “golden rule” in a crucial speech setting out her party’s hopes to regain voters’ trust on the UK economy. Addressing Conservative Party members on Wednesday, Badenoch is set to lay out a central mission underpinning hopes of reviving the [...]
Mel Stride: I would raise income tax in Rachel Reeves’ position October 7, 2025 Shadow Chancellor Mel Stride has said he would raise income taxes if he were in Rachel Reeves’ position, facing a £30bn black hole in the public finances. Speaking at a fringe event at the Tory party conference in Manchester, Stride said raising income taxes was the “cleanest” tax hike option available. His comments will likely [...]
Reform UK: Kent local authority poised to hike council tax October 6, 2025 Reform UK-run Kent County Council is likely to raise council tax next year, with a cabinet member suggesting that a five per cent hike is on the cards. Diane Morton, the council lead for adult social care, told the Financial Times: “We’ve got more demand than ever before and it’s growing.” “We just want more [...]
Tories vow to ease IR35 rules and cut red tape for small businesses October 6, 2025 Identification checks for small businesses would be eased under a new Tory pledge to slash red tape and allow entrepreneurs to open bank accounts at a quicker pace. Andrew Griffith, the shadow business secretary, will tell party members that the Tories would make growth among small businesses central to wider economic plans as they would [...]
A competent Chancellor would break Britain’s high tax, high spend doom loop September 25, 2025 Economic alarm bells are blaring, but Rachel Reeves has stuck her fingers in her ears, says shadow chancellor Mel Stride Britain’s economy is on the brink. We’re set for the highest inflation in the G7; unemployment is at a four-year high; and GDP growth is pitiful – in July it was literally zero. Meanwhile, borrowing [...]
Britain faces ‘looming’ crisis without spending cut, says Mel Stride-backed report September 15, 2025 Britain faces a looming fiscal crisis without reigning in spending and boosting the competitiveness of the City, according to a new report. With annual per capita growth stagnating and public spending ballooning, the government needs to bring growth back to the economy and boost living standards, according to the Centre for Policy Studies (CPS) report [...]
IMF upgrades world economy’s growth forecast as Trump’s tariffs reduced July 29, 2025 The world economy will not suffer as badly from President Trump’s tariffs as previously thought, the International Monetary Fund (IMF) has predicted. Global growth is set to be three per cent this year, the IMF said, which is higher than its previous 2.8 per cent forecast made in April. The world economy will grow by [...]
IMF warns UK faces ‘significant challenges’ amid trade war July 25, 2025 The Chancellor could be left at risk of breaking her fiscal rules by unexpected economic shocks and faces “significant challenges” in delivering the government’s agenda, the International Monetary Fund (IMF) has warned. The IMF said the UK’s “limited” so-called headroom on its public finances gave little room to manoeuvre and called on Rachel Reeves to [...]
Andrew Bailey calls for lower interest rates if job market stalls July 14, 2025 The Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown. In an interview with The Times, Andrew Bailey insisted: “I really do believe the path is downward” for rates. He said that businesses are “adjusting employment” following Rachel Reeves’ tax hikes [...]
Welfare: Starmer’s authority shattered as Reeves faces £5bn headache July 2, 2025 Sir Keir Starmer has suffered a devastating hit to his authority whilst a £5bn spending headache looms for Rachel Reeves following the government’s u-turn to avoid a catastrophic defeat of its welfare bill. Just days away from his one year anniversary in Downing Street, the PM faced the most substantial backbench rebellion of his premiership [...]