The Latest Breaking News from Darren Jones

Chancellor boosted by a surprise drop in inflation after the cabinet is warned she may need to find £40bn in taxes and borrowing in her Budget, dwarfing previous estimates of the fiscal ‘black hole’

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

Tough budget looms after UK deficit hits £3.1bn in July – ahead of City forecasts of £1.5bn, and soaring over OBR forecast of £100m

Louise Haigh says she hopes three-year pay deal offered to train drivers will resolve strikes

INFLATION has risen for the first time this year following months of steady decline ...

UK ministers have been ordered to search for cost-cutting reforms as the Chancellor plans to take “tough decisions” on welfare and spending...

Rachel Reeves had hardly stepped down from the dispatch box to make her first big statement as chancellor of the exchequer before facing a furious backlash. She had claimed to have discovered a £22bn hole in public finances upon taking office and was using it to explain why the new…

LABOUR need to remember that the things they said in opposition haven't been forgotten now they're in power ...