The Labour Party is starting its second year in control of the government with difficult choices over whether to curb spending or raise taxes.

Sweeping supply-side tax cuts are now law, bringing immediate reporting impacts and long-term planning questions for finance ...

Rachel Reeves has refused to rule out fresh tax rises after admitting the government’s U-turn on its flagship welfare reforms ...

A major rebellion has forced the government to slash its proposed benefit reforms, cutting the annual savings in half ...

Ms Reeves’ plan involved ending the current exemption for farmland from inheritance tax under a policy called Agricultural Property Relief. APR will now be limited to a value of £1 million ...

Brown won such an argument when he raised national insurance to fund the NHS in 2002. Reeves’ fiscal rules can provide the “stability” and tax rises the “change.” Labour must deliver both.

Why we should all hope Rachel Reeves can deliver growth: SIMON LAMBERT By SIMON LAMBERT FOR THISISMONEY.CO.UK Updated: 08:33 EDT, 12 June 2025 ...

Instead, Reeves may look at how much tax-free cash can be taken from pensions, possibly lowering the cap from the current level of £268,275 to £100,000.

“Rachel Reeves will also have to find some money to continue the freeze on fuel duty, unless she wants to be the first chancellor since 2011 to hike the tax.” ...

Chancellor Rachel Reeves has announced that more than three-quarters of older people will get the allowance - worth up to £300 - this winter.

Angela Rayner sent a secret memo to Rachel Reeves pushing for a new tax raid on savers, The Telegraph can reveal. In the document, seen by our reporters, the Deputy Prime Minister proposed eight ...