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The Latest Breaking News from Carl Emmerson

Living standards 2025 outlook ‘hardly cause for celebration’, says UK thinktank

Household incomes to stagnate or fall but will be offset by better public services, says Resolution Foundation

The Guardian - UK

Rachel Reeves spending review ‘set to be next big challenge’ for government as growth flatlines

Rachel Reeves has ordered a line-by-line review of spending, with departments ordered to find savings of 5 per cent of their budgets

The Independent UK

Reeves faces spending wrangles and a search for growth in 2025

Rachel Reeves faces an unenviable situation as the new year begins.

The Independent UK

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read the most diverse news in one place.

Labour and Conservatives ‘misleading’ voters on tax and spending plans, top economist warns

Exclusive: As a war of words continues on whether Keir Starmer or Rishi Sunak would rule out a VAT hike, a top economist tells The Independent that both men are being dishonest with voters about the country’s finances

The Independent UK

Reality check: can Treasury afford pledge to raise tax-free pension allowance?

We look at whether the Conservative pledge for a ‘triple lock plus’ can really be paid for by cracking down on tax avoidance

The Guardian - UK

Benefit cap introduction ‘saw claimants spend less on children and essentials’

The Institute for Fiscal Studies said only about 5% of capped households had an adult move into paid work as a direct result of the benefit cap.

The Independent UK

Pension pot boost could be instrumental in retaining workforce, say experts

Chancellor Jeremy Hunt is understood to be looking at increasing pension allowances in Wednesday’s Budget.

The Independent UK

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Rishi Sunak paves way for new era of austerity in first statement as prime minister

New PM and chancellor Jeremy Hunt have days to finalise Monday’s package of cuts and tax hikes

The Independent UK

UK’s mounting debts unsustainable if sweeping tax cuts go ahead, warns IFS

Concerns mount before mini-budget that precarious financial position will spark run on sterling

The Guardian - UK

Tory leadership tax cut promises ‘hard to square’ with UK’s future, experts warn

The Institute for Fiscal Studies said ‘permanent tax cuts’ could exacerbate pressures on the public purse.

The Independent UK

Tax cuts promised by Tory leadership hopefuls are 'not serious', say experts

EXPERTS have claimed large tax cuts being promised by Conservative leadership candidates are "not serious".

The National (Scotland)

Tax cut pledges of Tory leadership candidates are ‘not serious’, say experts

Almost all the candidates have promised large tax cuts, but experts say the trade-offs are likely to be too high.

The Independent UK

Benefit cap should be reconsidered - according to Tory architect behind the scheme

Tens of thousands to miss out as welfare payments soar by up to 10 per cent from April

The Independent UK

Cost of living: More than 120,000 of Britain’s poorest families set to miss out on help due to benefits cap

IFS deputy director urges ministers to increase benefit cap and warns families could be ‘trapped’

The Independent UK

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Office for National Statistics

Resolution Foundation

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Hargreaves Lansdown

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The Resolution Foundation

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Institute for Fiscal Studies

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the Institute for Fiscal Studies

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the Office for Budget Responsibility

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Child Poverty Action Group

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