UK economy showing signs of ‘zombie apocalypse,’ says think tank Economics The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions force thousands of unproductive firms to the wall, an influential left-leaning think tank has predicted. The Resolution Foundation forecasts a “triple whammy” of multi-year increases in interest rates, energy prices and the minimum wage will lead to the [...]
‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears Economics 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 [...]
Rachel Reeves eyes tax raid on dividends Investing Chancellor Rachel Reeves is set to increase the tax rate on dividends at this year’s Budget, it has been reported, adding to speculation that investors and business owners will be targeted to fill a £30bn fiscal hole. An increase on basic, higher and additional rates of dividend taces could make up around £2bn in extra [...]
‘Tax on risk’ – Founders warn against income tax rise November 4, 2025 A group of young entrepreneurs has issued a fresh warning that a proposed hike to income tax will hit the self-employed hardest, and accelerate a trend of young founders relocating overseas. In a clarion call ahead of next month’s Budget, the Young Entrepreneurs Forum warned that a mooted 2p rise in income tax alongside a [...]
Left-wing think tank urges Labour to amend Employment Rights Bill October 27, 2025 A left-leaning economics think tank that was the former workplace of Treasury ministers has called for a major change to be made to Labour’s flagship Employment Rights Bill in a last-ditch demand before workers’ rights are written into law. The Resolution Foundation, which was formerly led by Budget mastermind Torsten Bell, has called for a [...]
Reeves to scrap two-child benefit cap September 30, 2025 Rachel Reeves is poised to abolish the two-child benefit cap at next month’s Budget, in a move that will be cheered by anti-poverty campaigners but is likely to stoke bond market fears that the government is unable to reign in runaway spending and borrowing. The Chancellor is said to be exploring a new tapered system [...]
Rachel Reeves told to cut national insurance and raise income tax to gain £6bn September 23, 2025 Chancellor Rachel Reeves has been told to cut national insurance for workers by two per cent and raise income tax by the same amount, with economists at a left-leaning think tank claiming a £6bn gain in revenue could be made. The Resolution Foundation, once the workplace of Treasury ministers Torsten Bell and Dan Tomlinson, has [...]
Cut tax for under 35s or watch them leave the country July 30, 2025 The most pressing choice I faced over the past week was whether to swim in the pool or the sea. We lounged our way from lazy lunch to long dinner, occasionally mustering the energy to stroll to the boulangerie. As I put the key in the front door of our south London home last night [...]
Costly departures: Why an exit tax looks more likely than a wealth tax July 22, 2025 Tax experts have been queuing up to warn that a blanket tax on wealth is both unlikely and unfeasible. But as ministers insist the government will avoid tax hikes targeting average earners, could it turn to an exit tax to plug the gap? As reams of impressed tourists shuffled their way through the opulent surroundings [...]
Reeves urged to unfreeze income tax or risk entrenched damage June 26, 2025 Rachel Reeves has been given another stark warning of the implications of extending the freeze on income tax thresholds. The Chancellor has vowed to not repeat the scale of tax rises in last year’s autumn Budget, but has not addressed whether she will stand by her promise to unfreeze income tax thresholds from 2028. Reeves [...]