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Reeves urged to make Budget ‘bold’ or risk future tax rises
The chancellor should be “bold” in next month’s Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government’s finances, and will “almost certainly” have to raise taxes….
Call for probe into possible market abuse in Budget run-up
Shadow chancellor Mel Stride has called for the UK’s financial regulator to investigate “possible market abuse” by people working in the Treasury and Downing Street in the run-up the Budget. The move comes as Chancellor Rachel Reeves denied she misled the public over the state of the country’s finances, after it emerged she and officials…
VAT to be cut from Isle of Man electricity bills in line with UK
A reduction in VAT from 5% to 0% will be applied to domestic electricity bills on the Isle of Man from October, the government has confirmed. The move mirrors the measure outlined in the UK, which is expected to be in place until the end of the 2026-27 financial year. Manx Utilities said, while the…
I fiddled the meter for a mate – and the shop burnt down
“Anything from an £80 job for families on the breadline needing to fiddle the electric to keep the kids warm, to businesses who just don’t want to pay the rates and would happily pay up to £2,000 for me to sort it, to rich people who want the mains spliced to feed their summer houses…
