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Rachel Reeves backs off from plans to raise income tax rates in Budget
Chris Mason,Political editor and Kate Whannel,Political reporter House of Commons Chancellor Rachel Reeves has decided against raising income tax rates at the Budget later this month. In recent weeks, Reeves had given strong indications she would increase the tax – a move that would have broken Labour’s election manifesto promise not to raise “the basic,…
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….
Why the Northern Powerhouse Rail plan will really go ahead this time
“Build it from the north” was the cry from transport experts for years as tens of billions of pounds were channelled into projects in the south east, London, and even HS2’s viaducts, verges, and bat tunnels in the home counties. The wide-ranging Northern Powerhouse Rail (NPR) plan is not just about rail expansion to realise…
