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The Latest Breaking News from Paul Johnson

Millions of Britons face more tax rises to boost defence spending to fight Vladimir Putin threat

The warning came as Sir Keir Starmer signalled he wanted to increase defence spending to 3% of GDP by 2029

Evening Standard

Has a player ever been shown a second yellow card while being substituted?

Plus: the shambles that was 1950 World Cup qualifying, and plenty more brawling teammates

The Guardian - UK

Reeves accused of misleading public on Budget black hole to justify £26bn tax raid

Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

The Guardian view on the Covid-19 inquiry: the UK did too little, too late. Lessons must be learned

Editorial: The latest report on the pandemic shows that grave failings were not limited to Boris Johnson. The government needs to prepare for the next crisis

The Guardian - UK

What is a ‘mansion tax’ and how would it work?

A new levy targeting wealth could reportedly be announced by chancellor today

The Independent UK

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Independent UK

Trump Hints At Tariff Cash Giveaway To Americans After Record Revenue Surge

President Donald Trump suggested Tuesday that Americans could soon receive direct cash payments funded by skyrocketing tariff revenues—a signal that his hardline trade strategy might evolve into an economic stimulus tool ahead of the 2026 midterms.

Benzinga

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Trump's Tariff-Revenue Checks Could Spur 'Weird Feedback Loop,' Warn Economists—White House Claps Back At 'Unsubstantiated Assumptions'

The potential tariff-revenue checks proposed by President Donald Trump could exacerbate inflation, warn economists. The checks, which could range from $1,000 to $2,000, might lead to increased consumer spending, potentially driving up inflation.

Benzinga

Trump’s tariff revenue checks could create a ‘weird feedback loop’ that encourages more price hikes, analyst says

But the inflationary effects may not be as severe as Biden’s COVID-era stimulus checks were.

Fortune

Voices: It’s a disgrace that home is a luxury the young can no longer afford

COMMENT : The Office for National Statistics says London prices have got so out of whack that even the top earners can’t afford to buy, and it’s not much better in the rest of England. It’s time to get building, now, writes James Moore

The Independent UK

Winter fuel cuts to hit 600,000 disabled pensioners, analysis finds

Around 600,000 of those who will miss out on winter fuel payments are disabled

The Independent UK

How to watch 'The Yogurt Shop Murders' online from anywhere — release date, TV channels

Harrowing four-part documentary about a crime that changed a city forever. Here's how to watch 'The Yogurt Shop Murders' online, on TV and from anywhere in the world.

Tom’s Guide

Trainers’ chief backs radical alternative to government’s gambling tax plan

The National Trainers’ Federation gave its ‘full backing’ to proposals for a big rise in tax rates for operators of online casino games

The Guardian - UK

Starmer and Reeves promised honesty about public finances. Can they stay the course?

Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loom

The Guardian - UK

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The Independent UK

Rachel Reeves to announce review of workplace pensions contributions — here’s what it could mean

The chancellor will use her Mansion House speech to announce the overhaul

The Independent UK

Rachel Reeves’s brave face cannot mask the challenges she now faces

The chancellor has come out fighting after her teary PMQs moment... but much tougher challenges now await

The Guardian - UK

To all who think capitalism can drive progressive change, it won’t – and here’s the shocking proof

Asset manager Aberdeen’s surprise cut to funding research into inequality has left those that used its grants for good work reeling, says Guardian columnist Polly Toynbee

The Guardian - UK

Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budget

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news in one place.

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The Independent UK

Starmer leaves door open for tax rises to fund rise in defence spending

IFS director Paul Johnson warns the £30bn increase in defence spending will need to be funded by tax rises

The Guardian - UK

There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark

As he steps down after 14 years, Paul Johnson says politicians and voters refuse to accept economic tradeoffs

The Guardian - UK

Demob-happy IFS director tears into Rachel Reeves’s spending review

Blistering analysis by outgoing chief concludes chancellor likely to end up ‘gnat’s whisker’ away from tax rises

The Independent UK

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves

Institute for Fiscal Studies suggests Treasury is ‘making up the numbers’ as it warns council tax will rise at fastest rate in a generation

Evening Standard

Council tax bills set to rise at fastest rate for two decades, economist warns

Paul Johnson said council tax bills could rise by 5% a year following the Chancellor’s spending review

Evening Standard

Reeves promises £29bn-a-year for NHS but other Whitehall budgets face squeeze

Chancellor Rachel Reeves said the extra cash for England’s health service would create ‘an NHS fit for the future’.

The Independent UK

Reeves unveils record spending plans but experts warn of tax rises ahead

Chancellor announces £39bn boost for social housing, £29bn for NHS and £11bn for defence – and promises to close all asylum hotels as she takes a swipe at Farage and dismisses Tory warnings of a ‘cruel summer’ of tax rises

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