Enacted by the previous Conservative government, the so-called fiscal drag is due to end in April 2028. Forecasts by the ...

The watchdog said that the triple lock – which ensures the state pension rises in line with whichever is highest of inflation ...

The result of the U-turns and spending cuts has been public debt soaring to its highest level since the 1960s, with the OBR forecasting further increases in the medium term. With economic growth ...

Chancellor Rachel Reeves has been warned that her economic roadmap may need to be “ripped up” as a global market shock ...

Rachel Reeves showed her support for five forms of wealth tax during her time as a backbench Labour MP, The Telegraph can ...

Chancellor Rachel Reeves is expected to announce a cut to the tax-free allowances for cash ISAs in a bid to encourage ...

Chancellor Rachel Reeves is short on options. She seems unlikely to meet her fiscal rules unless something changes, and with ...

Labour's announcement that 50 transport schemes have been given the go-ahead is to distract attention from "the woes of the ...

One year after Labour’s landslide victory, the government faces deepening turmoil, high-profile policy reversals, and ...

Successive governments efforts to put the UK public finances have met with only “limited and temporary success” says watchdog ...

The OBR has warned that government decisions have added risks to public finances as it weighs up a range of possible future ...

Terry Smith, 72, the brother of the Chancellor's mother Sally Reeves, also advised his niece to 'stop spending money on the ...