RACHEL Reeves has suffered a new setback after a surplus in government finances came in more than £5billion below forecasts.

Economists have warned that the Chancellor will need to either hike taxes or slash public sector budgets by £6bn annually ...

British workers could face another £10bn stealth tax raid to shore up the public finances and pay for more defence spending, a top economist has warned, as Europe risks losing American military ...

Fears that Rachel Reeves will have to hike taxes or cut spending grew amid warnings that woes on the High Street were ...

The UK’s payments regulator could be scrapped and folded into another regulator as part of efforts by No10 to slash red tape, ...

Chancellor Rachel Reeves has been meeting with the financial industry to gather ideas on boosting the UK economy and one ...

Rachel Reeves has indicated that spending cuts will have to be found to fund a boost to the defence budget. On Thursday, the Chancellor declared her commitment to raising annual spending on defence ...

Pressure has increased on the chancellor's tax and spending plans after a surplus in government finances missed official ...

Options include raising capital gains tax, increasing alcohol and tobacco duties, or expanding VAT to currently exempt ...

When Rachel Reeves raised employers' National Insurance ... Labour came to office promising to 'fix the foundations' after identifying a £22billion black hole in the public finances – a trope ...

Rachel Reeves faces a tough choice between £12billion in tax rises or significant spending cuts to meet Sir Keir Starmer's ...

But the Prime Minister and Chancellor Rachel Reeves are facing the tricky combination of rising inflation and gloomy economic ...