UK economic policy

Unemployment Rises as Payroll Jobs Fall After Reeves Budget

Reeves under fire as policy reversals rack up £8.2bn cost

Rachel Reeves’s repeated policy U-turns have cost the public finances £8.2 billion, according to a new analysis that delivers the first full assessment of the government’s series of climbdowns. The Resolution Foundation said policy uncertainty remains stubbornly high despite Labour’s repeated promises to “restore stability” to economic decision-making. Using figures from the Office for Budget

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Pensioners, Low Earners Face Biggest Hit as Threshold Freeze May Extend to 2030

Pensioners, Low Earners Face Biggest Hit as Threshold Freeze May Extend to 2030

Close to one million people could be forced to pay income tax for the first time if the Labour Autumn Budget goes ahead with plans to extend the freeze on tax thresholds. Pensioners and low earners are expected to be among the hardest hit as Chancellor Rachel Reeves searches for ways to plug an estimated

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