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The Latest Breaking News from Paul Johnson

Gloomy growth forecast adds to Rachel Reeves’ woes

The Bank of England cut interest rates but halved its growth forecast.

The Independent UK

Reeves accused of abandoning principles over China in ‘delusional’ bid to save UK economy

Exclusive: Former cabinet minister Iain Duncan Smith said that the chancellor’s trip to Beijing was a desperate move ‘because she has trashed the economy’

The Independent UK

Look at the farmers’ protest, and then ask yourself: how will we ever make tax fairer amid such grumbling?

Labour inherited a dire situation that needed desperate change – but powerful lobbies make any tax reform near-impossible, says Guardian columnist Polly Toynbee

The Guardian - UK

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

OPINION - Everyone agrees stamp duty is a terrible tax. So why are we stuck with it?

Yes, you can blame the Treasury if you like

Evening Standard

All these sad stories of the stricken rich prove one thing: Labour’s budget is on the money

Rachel Reeves’s first budget has triggered a backlash – but only the wealthiest are being asked to pay their fair share, says Guardian columnist Polly Toynbee

The Guardian - UK

After Reeves’s historic budget, Labour has time to pursue its revolution. What it needs now is public trust

The government is operating in an unforgiving time and lacks capital with voters. It will be crucial to address that, says Guardian columnist Martin Kettle

The Guardian - UK

Reeves told she will have to raise further £9bn to avoid UK public service cuts

Warning comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

The Guardian - UK

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The chart that reveals the Budget’s real winners – and who will be hit hardest

Nine out of 10 taxpayers will benefit as a percentage of income from the Budget, according to a Treasury analysis

The Independent UK

Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’

Rachel Reeves was forced to accept that her decision to raise employers’ national insurance contributions will lead to workers being paid less, but asked, ‘what alternative was there?’

The Independent UK

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

Evening Standard

Rachel Reeves may need extra £9bn to avoid cuts to public services, says IFS

Institute for Fiscal Studies says chancellor may have to revisit tax plans to avoid real-terms cuts in some areas

The Guardian - UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

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The Independent UK

Will Rachel Reeves’s borrow-and-spend Budget actually work?

ANALYSIS: Business will bear the burden of this Budget, so the chancellor must hope it delivers a better economy, says Howard Mustoe

Evening Standard

Taxes, borrowing and spending up in Rachel Reeves’ first Budget

Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.

The Independent UK

Rachel Reeves borrows George Osborne’s mantra in ‘strivers’ Budget

But Keir Starmer vows no return to austerity as he paves way for tax rises and spending cuts

The Guardian - UK

Rachel Reeves has promised not to raise taxes, so how can she fill budget coffers?

Chancellor said to be planning measures including raising employer NI contributions and capital gains tax rates. We consider the likelihood of each and the potential for a row

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The Texas Tribune

Long lines but few problems as Texas wraps the first week of early voting

A Bexar County election worker was assaulted Thursday, officials said. In Tarrant County, officials encouraged voters to review their ballots before voting.

The Guardian - UK

Labour gave us Sure Start to tackle child poverty. Now it should hike tax to keep it

The Tories put British children’s prospects of escaping a poor background into reverse. This is Labour’s chance to fix that, says Guardian columnist Polly Toynbee

The Guardian - UK

Don’t listen to the Tories – Labour is right to raise taxes

The rumoured rise in national insurance on employers makes sense. As for claims Labour promised not to do that: it didn’t, says Guardian columnist Polly Toynbee

The Guardian - UK

Paul Johnson to leave influential IFS economics thinktank

Leading authority on tax and spending policy to depart Institute for Fiscal Studies next year for Queen’s College, Oxford

Evening Standard

Rachel Reeves 'rolling pitch for big tax rises' in Budget with £40billion plan briefing, says top economist

IFS director Paul Johnson believes Labour will break its election manifesto on tax

The Independent UK

How will the employer National Insurance rise affect you?

One expert has called the Labour measure a “straightforward breach” of its manifesto

The Independent UK

Budget 2024: Rachel Reeves reveals £40bn in tax hikes and boost to NHS spending in historic speech

Chancellor promised to ‘invest, invest, invest’ after months of bleak warnings over economy

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