Has Rachel Reeves created a £50 billion fiscal black hole?
The Chancellor’s black hole is getting bigger and tax rises are coming. That’s the judgement of the National Institute of…
Trump’s tariffs are taming China
Stockholm This week, the fate of the global economy could have been decided over a Mongolian barbecue in a Stockholm…
The US-China trade war is not over yet
Stockholm, Sweden The United States and China have concluded two days of trade negotiations in Stockholm without reaching an agreement…
Britain is broke
Britain is continuing to chuck billions onto our mounting pile of debt. Figures just released by the Office for National Statistics (ONS)…
Why Reeves should sell her bitcoin hoards
Deep fried prawn balls, chicken chow mein, crispy shredded beef and a Ponzi scheme could be about to win the…
Broke Britain: how the Bank of England wrecked the economy
In February 2020, a few weeks before Britain was thrown into lockdown, Sajid Javid resigned as chancellor of the exchequer…
Rachel Reeves’s tax raid is to blame for rising unemployment
Unemployment has hit 4.7 per cent – its highest level for four years after the Chancellor’s taxes on business caused…
Rising inflation shows how the Bank of England is failing
The rate of inflation climbed to 3.6 per cent in June – up from 3.4 per cent in May. That’s…
No, Rachel Reeves: Britain doesn’t look ‘open for business’
Rachel Reeves wants Britain to become a shareholder democracy. In her annual Mansion House speech to the City’s bankers, accountants…
Tax rises are inevitable
The string of bleak economic updates continues. First we had the dire report by the Office for Budget Responsibility (OBR)…
Badenoch is right: the benefits bill could cripple Britain
‘We are becoming a welfare state with an economy attached,’ said Kemi Badenoch in a speech on sickness benefits today. She’s…
Wes Streeting is right to take on the doctors
The public won’t forgive and nor will I, said Health Secretary Wes Streeting of plans by junior doctors to strike…
Britain is heading for economic catastrophe
Britain is in trouble. That’s the judgement of the Office for Budget Responsibility (OBR) in their ‘fiscal risks and sustainability’…
I feel sorry for Rachel Reeves
I’m starting to feel a tiny bit sorry for the chancellor. Yes, most of the economic and fiscal problems we’re facing…
Will the welfare bill really push 150,000 into poverty?
Labour MPs are obviously going to panic when told their votes might plunge just one person into poverty – let…
Britain is facing a doomy economic future
The Office for National Statistics (ONS) has confirmed the economy grew by 0.7 per cent in the first three months…
Revealed: the dodgy data undermining Universal Credit
As Sir Keir Starmer offers concessions to 126 rebels to water down his welfare reform bill, a scandal that undermines…
Britain is racing towards a fresh cost of living crisis
The poorest Brits now owe £6.6 billion in unpaid council tax – a record high and up some 85 per…
Britain is paying for Reeves’s non-dom tax disaster
Britain will lose 16,500 millionaires this year, taking $90 billion of wealth with them. That’s according to a new report…
Why the Bank of England may welcome job losses
Interest rates have been held at 4.25 per cent. The Bank of England’s Monetary Policy Committee (MPC) voted by six…
Why is the ONS saying inflation has gone down?
The rate of inflation remained flat at 3.4 per cent in May – still well above the Bank of England’s…
Rachel Reeves’s non-dom crackdown has truly backfired
Rachel Reeves may finally have seen sense. A report in this morning’s Financial Times suggests she is ‘exploring’ performing a 180 on…
The good and bad news about the UK-US trade deal
Donald Trump and Keir Starmer’s transatlantic trade deal has finally been signed. Before making an early exit from the G7,…
Why the Israel-Iran war could raise your taxes
If Rachel Reeves is to have any chance of making it to her autumn budget without U-turns or raising taxes,…
Paul Johnson: The spending review was ‘incomprehensible’
Rachel Reeves’s spending review was the ‘most incomprehensible speech I’ve ever heard from a chancellor’, according to Paul Johnson of…
