Rachel Reeves needs £50bn tax raid to stick to fiscal rules, economists warn
Wednesday, 6 August 2025 () The Treasury will need to raise more than £50bn in fresh taxes to stay within its fiscal rules, one of the UK’s most prestigious economic groups has warned, laying bare the scale of the pain that could be wrought on businesses by Rachel Reeves in the autumn. The government is set to miss its “stability [...]
Rachel Reeves said coalition austerity was a “destructive choice” as she unveiled her spending review. Departmental budgets will rise by 2.3% a year in real terms, she told MPs. Reeves said..
Shadow Chief Secretary to the Treasury Richard Fuller urged Rachel Reeves to keep to her fiscal rules as she unveils her spending review. He said that whilst it is nice to announce spending, “money..
Wednesday, 6 August 2025 ()
The Treasury will need to raise more than £50bn in fresh taxes to stay within its fiscal rules, one of the UK’s most prestigious economic groups has warned, laying bare the scale of the pain that could be wrought on businesses by Rachel Reeves in the autumn. The government is set to miss its “stability [...]![Reeves: coalition austerity was a 'destructive choice' [Video]](https://video.newsserve.net/300/v/20250611/1413599178-Reeves-coalition-austerity-was-destructive-choice.jpg)
![Tories warn Reeves not to raise taxes in spending review [Video]](https://video.newsserve.net/300/v/20250611/1413577832-Tories-warn-Reeves-not-to-raise-taxes-in.jpg)
