public finances

2 articles

Nov 5, 2025 • via The Independent

Fiscal Vows Shatter Under £50 Billion Strain

Reeves Eyes Basic Rate Hike After Manifesto Breaks

Rachel Reeves warns of broad tax increases to plug a £50bn public finance gap, shattering Labour's no-rise pledge and highlighting persistent productivity failures across governments. Markets tumble as households brace for eroded living standards.

Nov 4, 2025 • via the Guardian

Reeves Weighs Income Tax Hike Amid £22 Billion Void

Breaking a 50-year pledge to plug gaps left by chronic underinvestment

Rachel Reeves eyes a basic rate income tax rise, shattering Labour's no-tax vow amid a £22 billion shortfall. This reveals persistent fiscal mismanagement across parties, forcing painful choices that burden households without restoring public services. (148 chars)