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Rachel Reeves warns of harder choices to come as she hints at tax rises
Posted onBecky MortonPolitical reporter Reeves: I will take no risk on public finances Rachel Reeves has said the government is facing difficult choices, as she promised she would not take risks with the public finances. In her speech at Labour’s annual party conference in Liverpool, the chancellor pledged to keep “taxes, inflation and interest rates as…
Trump wants Venezuelas oil. Will his plan work?
Posted onArchie Mitchell,Business reporterand Natalie Sherman,Business reporter Reuters Donald Trump has vowed to tap into Venezuela’s oil reserves after seizing President Nicolás Maduro and saying the US will “run” the country until a ‘safe’ transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest…
What are National Insurance and income tax and what could change in the Budget?
Posted onGetty Images There has been speculation that November’s Budget could see Chancellor Rachel Reeves break Labour’s pre-election pledge not to increase income tax, National Insurance (NI) or VAT for working people. It’s been suggested that she could extend a freeze to the income thresholds at which people start paying the taxes, or have to pay…
Vicious circle of costs fuelling crisis, says Northampton trader
Posted onWhile Philip Weston, a farmer from Hartwell, Northamptonshire, warned of further protests by farmers saying “The government is not doing enough to help us . If the cost of fertiliser doesn’t come down we are seriously looking at drawing back on arable crop production.”
