OnlyFans is giving HMRC what it wants
Fenix International occupies the ninth floor of an innocuous office block on London’s Cheapside. The street’s name comes from the…
Reeves needs to tell the public that they’re wrong
Writing about Britain’s spending plans has started to feel a bit like swimming through treacle. It’s not that there aren’t…
Britain’s GDP decline is bad news for Rachel Reeves’ spending plans
Rachel Reeves delivered her spending plans for the next three years less than 24 hours ago, but already the credibility…
Labour’s National Insurance hike is starting to bite
The unemployment rate has risen to 4.6 per cent, the Office for National Statistics has revealed. This morning’s figures mark…
What’s new in Reeves’s spending review?
When Rachel Reeves last week tried to shift the narrative around her spending review – from one of fiscal restraint…
The ONS blunders. Again
‘The ONS apologises for any inconvenience caused’ is becoming an all-too-familiar refrain from Britain’s statisticians. The latest mea culpa came…
Will Rachel Reeves heed the warnings over the UK’s gloomy economic outlook?
Rachel Reeves has been warned again that the slim headroom against her ‘ironclad’ fiscal rule could be wiped out if…
Rachel Reeves risks killing off the family business
Changes to how inheritance tax and trusts are treated for non-doms have already put the nation’s finances on shakier ground…
Will the economy save the Tories?
This week Dominic Cummings said the Tories may have ‘crossed the event horizon’. He was trying to find a tech…
IMF: Britain will need to raise taxes if it wants to keep spending
The International Monetary Fund (IMF) has warned Britain faces ‘difficult fiscal choices’ if it is to meet ever increasing spending pressures.…
Britain is not in charge of its energy
As much of Westminster gets up in arms about fish, the major change in Starmer’s EU deal is going under…
The rich are fleeing – what next?
Keir Starmer is worried about who’s coming into the country. This week, he launched a white paper with the aim…
Is Britain’s strong growth really because of Rachel Reeves?
The UK economy grew faster than expected in the first three months of the year. According to figures just released…
Reeves’s jobs tax is beginning to bite
Figures just released by the Office for National Statistics (ONS) show the UK unemployment rate has risen to 4.5 per…
US and China slash tariffs
The White House has announced a breakthrough in trade negotiations with China following two days of talks in Switzerland. Yesterday,…
Why Britain is cutting interest rates – and the US isn’t
Interest rates have been cut to 4.25 per cent. The Bank of England’s Monetary Policy Committee (MPC) voted by five…
What would a US trade deal mean for the UK?
Later today, Donald Trump is reportedly set to unveil a trade deal with the UK. He’ll make the announcement alongside…
Starmer can’t afford a winter fuel U-turn
Keir Starmer has ruled out a U-turn on the government’s decision to cut the winter fuel payment, with the Prime…
Labour’s benefits cuts aren’t working
Britain’s welfare crisis may have slipped from the front pages following Liz Kendall’s £4.8 billion worth of cuts announced ahead…
Are things beginning to look up for Rachel Reeves?
The Chancellor will meet America’s top economic official, Treasury secretary Scott Bessent, today as she concludes her trip to the International…
Can Rachel Reeves woo Trump’s team – without alienating the EU?
The government is on a charm offensive in Washington. Tonight, Britain’s ambassador to the US, Lord Mandelson, will host officials…
Britain’s borrowing is spiralling out of control
Britain borrowed nearly £152 billion in the financial year to March – almost £21 billion more than at the same…
Why the IMF has downgraded UK growth
The waves from Donald Trump’s tariff upheaval continue to ripple through the global economy. The International Monetary Fund (IMF) has…
Britain is not out of the woods on rising inflation just yet
Price rises have unexpectedly eased. The Consumer Price Index rose by just 2.6 per cent in March, down from 2.8…
The Bank of England’s mission to tame inflation just got harder
Much to the concern of the Bank of England, British workers are continuing to bank inflation-busting pay rises. Figures just released by…
