Prime minister says UK cannot go back to ‘failed old model’ of immigration and low wagesQueues for petrol and mass culls of pigs at farms because of a lack of abattoir workers are part of a necessary transition for Britain to emerge from a broken econo…
Sunak threatened by new winter of discontent after UK recovery fizzles out
The chancellor will address the Conservative party conference in Manchester against the background of a faltering economyRising prices, queues at the petrol pumps and a flatlining economy provide a sobering backdrop to Rishi Sunak’s speech at the Conse…
Hospitality and tourism bosses plead for VAT rate freeze at 12.5%
Coalition of UK industry bodies warns of ‘painful’ job losses if Treasury returns tax to pre-Covid levels in AprilHospitality and tourism bosses are pleading with the government to permanently lower the VAT rate on businesses in their sectors to help s…
Reform UK tones down culture war rhetoric and targets Tory voters
Richard Tice promises ‘wow factor’ at party conference and criticises Conservatives over high taxesReform UK, the rebranded Brexit party, plans to focus less on culture war issues and instead try to attract disenchanted Conservatives with more weighty …
‘Red wall’ Tories call on Rishi Sunak to cut business rates
MPs elected in former Labour heartlands in 2019 say tax reform is needed to stem high street closuresConservative MPs in “red wall” seats have urged the chancellor to cut business rates, days after Labour announced it would abolish the tax and overhaul…
UK house price growth slows as end to stamp duty holiday looms
Impending halt to tax break on Friday cools market to 0.1% growth in SeptemberUK house price growth slowed in September as economists said the looming end of the stamp duty tax break had cooled the market after a period of extraordinary growth.The aver…
National insurance hike to hit NHS and care staff with £900m tax bill
Exclusive: Tax rise will inflict ‘terrible’ financial toll on health and social care workers, analysis findsBoris Johnson’s national insurance hike to fund health and social care will hit NHS and care workers with a £900m tax bill, the Guardian can rev…
A windfall tax? Kwarteng better be sure it doesn’t get messy | Nils Pratley
The gas crisis is global and HM Treasury can hardly send an invoice to Gazprom or QatarHere’s a development in the energy crisis we didn’t expect from a free-market business secretary: talk of a windfall tax on companies that are making big profits fro…
Fresh calls for windfall tax on companies that prospered during Covid
Research highlights six firms that increased their profits by a total of £16bnCampaigners have issued fresh calls for a windfall tax on companies that prospered during the pandemic, after research highlighted six firms that increased their profits by a…
Labour plans to raise £500m by closing fund managers’ tax loophole
Exclusive: shadow chancellor Rachel Reeves tells how party would ‘start to end the unfairness’ in tax systemLabour has announced plans to raise almost £500m by closing a tax loophole enjoyed by a small number of private equity fund managers.The shadow …