#DefenceSpending is to more than double, but there are no plans to move to a #WarEconomy, the #DefenceBudget will become the 3rd or 4th largest budget, there are no plans for #massmobilisation, so it means adjustments to #fiscalpolicy in terms of #taxandspending.

Reaction from @fergusjimeneze.bsky.social on the #taxandspending announcement in the #autumnbudget

Bloomberg: #GeoGroup jumps 11%, while #CoreCivic rises 2.4%. The two largest #detention #contractors rally after the Senate and House of Representatives approved Trump’s #taxandspending #bill that will add billions of dollars for #immigrant #detentioncenters.

Britain didn’t vote Labour just to get a new iron chancellor | William Keegan Rachel Reeves once spoke about long-term borrowing for vital projects. Now she seems to embrace the spirit of Thatcherism Can somebody please tell the Labour party that they won the election? Most people I know are relieved and delighted that the…

#Economics #RachelReeves #Labour #Taxandspending Britain didn’t vote Labour just to get a new iron chancellor | William Keegan: Rachel Reeves once spoke about long-term borrowing for vital projects. Now she seems to embrace the spirit of Thatcherism

Can somebody please tell the Labour party that…

Some taxes will have to rise in 30 October budget, says Rachel Reeves Chancellor rules out raising national insurance, VAT or income tax but says ‘difficult decisions to come’ amid £22bn public finance shortfall Taxes are likely to rise in the Labour government’s first budget, the chancellor Rachel Reeves, has said.…

#Taxandspending #RachelReeves #Politics #UKnews Some taxes will have to rise in 30 October budget, says Rachel Reeves: Chancellor rules out raising national insurance, VAT or income tax but says ‘difficult decisions to come’ amid £22bn public finance shortfall

Taxes are likely to rise in the…

Martin Rowson on the row over the ‘black hole’ in public finances – cartoon Continue reading...

#Taxandspending #Politics #UKnews #RachelReeves Martin Rowson on the row over the ‘black hole’ in public finances – cartoon: Continue reading...

Hunt ‘knowingly and deliberately’ lied about finances, says Reeves Chancellor says her predecessor at No 11 covered up true state of the public finances but Hunt rejects claim * UK politics live – latest updates Rachel Reeves has accused Jeremy Hunt of lying about the state of the public finances, escalating a row…

#RachelReeves #JeremyHunt #Publicfinance #Taxandspending Hunt ‘knowingly and deliberately’ lied about finances, says Reeves: Chancellor says her predecessor at No 11 covered up true state of the public finances but Hunt rejects claim

* UK politics live – latest updates




Rachel Reeves has…

Reeves moves fast to tackle £22bn budget shortfall ‘covered up’ by Tories Measures include cutting winter fuel payments for wealthier pensioners and shelving cap on social care payments Rachel Reeves has cut winter fuel payments for 10 million wealthier pensioners as she sought to plug a £22bn black hole in the public finances…

#RachelReeves #UKnews #Economicpolicy #Taxandspending Reeves moves fast to tackle £22bn budget shortfall ‘covered up’ by Tories: Measures include cutting winter fuel payments for wealthier pensioners and shelving cap on social care payments

Rachel Reeves has cut winter fuel payments for 10…

Rachel Reeves pursues political prize over £22bn financial hole Carefully honed message of Commons speech is having to make tricky decisions because Tories left us a mess The basics of Rachel Reeves’ Commons statement about her fiscal inheritance from the Conservatives were simple: there is a £22bn financial hole…

#RachelReeves #Economicpolicy #Publicfinance #Taxandspending Rachel Reeves pursues political prize over £22bn financial hole: Carefully honed message of Commons speech is having to make tricky decisions because Tories left us a mess

The basics of Rachel Reeves’ Commons statement about her fiscal…

The Guardian view on Rachel Reeves’ statement: beyond the Tory black hole | Editorial The chancellor was right to call out her predecessors’ culpability for a disastrous inheritance. But Labour must be bolder In his “emergency budget” of 2010, delivered a month after that year’s general election, the newly appointed chancellor, George…

#RachelReeves #Labour #Economicpolicy #Taxandspending The Guardian view on Rachel Reeves’ statement: beyond the Tory black hole | Editorial: The chancellor was right to call out her predecessors’ culpability for a disastrous inheritance. But Labour must be bolder

In his “emergency budget” of…

What are Rachel Reeves’ spending cuts and how do the sums add up? Chancellor unveiled series of cuts in response to what she called £22bn in unfunded commitments by Tories Rachel Reeves has unveiled a series of spending cuts, with the prospect of tax rises to come in the autumn, after telling MPs about what she called…

#RachelReeves #Publicfinance #Publicsectorpay #Taxandspending What are Rachel Reeves’ spending cuts and how do the sums add up?: Chancellor unveiled series of cuts in response to what she called £22bn in unfunded commitments by Tories

Rachel Reeves has unveiled a series of spending cuts, with the…

Wealth taxes could raise £10bn to help plug Tory budget hole, say economists Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap Rachel Reeves could quickly find around £10bn a year to plug half of the fiscal hole left by the Conservatives if she were to raise taxes on…

#Taxandspending #UKcostoflivingcrisis #Tax #ResolutionFoundation Wealth taxes could raise £10bn to help plug Tory budget hole, say economists: Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap

Rachel Reeves could quickly find around…

The Observer view: sticking to fiscal rule will imperil Labour’s future | Observer editorial Cutting public spending to satisfy an arbitrary financial rule conceived in opposition will confine the UK to sluggish growth Britain’s public finances are in a desperate state. That is the key message the chancellor, Rachel Reeves, will deliver in a…

#RachelReeves #Economicpolicy #Taxandspending #Poverty The Observer view: sticking to fiscal rule will imperil Labour’s future | Observer editorial: Cutting public spending to satisfy an arbitrary financial rule conceived in opposition will confine the UK to sluggish growth

Britain’s public…

Millions of UK public sector workers set for above-inflation pay rise Rachel Reeves is expected to accept pay review body recommendations in move that could cost up to £10bn Millions of public sector workers are set for an above-inflation pay rise due to be announced by Rachel Reeves next week after more than a decade of…

#Publicsectorpay #RachelReeves #Taxandspending #Publicfinance Millions of UK public sector workers set for above-inflation pay rise: Rachel Reeves is expected to accept pay review body recommendations in move that could cost up to £10bn

Millions of public sector workers are set for an…

Martin Rowson on the black hole in Britain’s public finances – cartoon Continue reading...

#Taxandspending #RachelReeves #Politics #KeirStarmer Martin Rowson on the black hole in Britain’s public finances – cartoon: Continue reading...

Eight charts that lay bare Labour’s spending inheritance from Tories Rachel Reeves will next week highlight figures showing a tougher picture than Osborne received in 2010 * Reeves expected to reveal £20bn shortfall Rachel Reeves is preparing to announce Treasury analysis of Labour’s spending inheritance from the…

#Taxandspending #Economics #Inflation #RachelReeves Eight charts that lay bare Labour’s spending inheritance from Tories: Rachel Reeves will next week highlight figures showing a tougher picture than Osborne received in 2010

* Reeves expected to reveal £20bn shortfall




Rachel Reeves is…

Rachel Reeves expected to reveal £20bn shortfall in public finances Chancellor may raise some taxes in the autumn due to what Labour describes as its ‘shocking inheritance’ from Tories Rachel Reeves is expected to reveal a £20bn hole in government spending for essential public services on Monday, paving the way for…

#RachelReeves #Taxandspending #Publicfinance #Budget Rachel Reeves expected to reveal £20bn shortfall in public finances: Chancellor may raise some taxes in the autumn due to what Labour describes as its ‘shocking inheritance’ from Tories

Rachel Reeves is expected to reveal a £20bn hole in…

A question for Labour: do you have any real change? | William Keegan The new government has promised things will be different: but when it comes to spending, we seem stuck on old Tory policies The election campaign mantra of “change, change, change” reminded me of those people down on their luck who approach you in the…

#Economics #Labour #Taxandspending #Brexit A question for Labour: do you have any real change? | William Keegan: The new government has promised things will be different: but when it comes to spending, we seem stuck on old Tory policies

The election campaign mantra of “change, change, change”…

We are public sector workers - Labour, this is how our services would look after even more cuts | The panel After years of austerity, the government’s plans imply another reduction in funding that public services simply cannot take The Resolution Foundation has estimated that Labour’s spending plans commit the party to around £18bn of annual budget cuts over…

#Labour #Austerity #Taxandspending #Economics We are public sector workers - Labour, this is how our services would look after even more cuts | The panel: After years of austerity, the government’s plans imply another reduction in funding that public services simply cannot take

The Resolution…

Labour can end austerity at a stroke – by taxing the rich and taxing them hard | George Monbiot The focus on growth to ease the UK’s economic ills will not be nearly enough, but there is a way to raise the sums needed Never let your opponents define the terms of a debate. All too often, Labour has allowed the Conservatives and the billionaire press…

#Taxandspending #Austerity #Politics #UKnews Labour can end austerity at a stroke – by taxing the rich and taxing them hard | George Monbiot: The focus on growth to ease the UK’s economic ills will not be nearly enough, but there is a way to raise the sums needed

Never let your opponents define…

The rich were led to believe they were different. Those days are numbered | Will Hutton Wealth is a privilege, and with it comes the obligation of paying tax to benefit society ‘Let me tell you about the very rich. They are different from you and me,” wrote F Scott Fitzgerald in 1925. “They think, deep in their hearts, that they are better…

#Taxandspending #Business #Thesuperrich #Politics The rich were led to believe they were different. Those days are numbered | Will Hutton: Wealth is a privilege, and with it comes the obligation of paying tax to benefit society

‘Let me tell you about the very rich. They are different from you and…

HMRC withheld offshore tax avoidance figures for UK’s wealthy during election Pressure on officials to publish estimate of offshore tax avoidance in almost £40bn of uncollected revenues Tax officials are under pressure this weekend to publish estimated figures on offshore tax avoidance by some of the country’s wealthiest…

#Taxandspending #HMRC #UKnews #Economicpolicy HMRC withheld offshore tax avoidance figures for UK’s wealthy during election: Pressure on officials to publish estimate of offshore tax avoidance in almost £40bn of uncollected revenues

Tax officials are under pressure this weekend to publish…

Is Shein really worth £50bn? Reasons to be sceptical are piling up Shein failed to list in the US and now the EU is planning customs duties that may dent its business model * EU plans for import duty on cheap goods could dent Shein and Temu A stock market listing for Shein has been talked about for so long that the…

#Shein #Taxandspending #HMRC #Politics Is Shein really worth £50bn? Reasons to be sceptical are piling up: Shein failed to list in the US and now the EU is planning customs duties that may dent its business model

* EU plans for import duty on cheap goods could dent Shein and Temu




A stock…

Twice as many Britons want tax rises as want cuts, survey finds Study reveals support for measures to maintain public services, regardless of impact on household finances Twice as many Britons support tax increases to pay for public services as those who believe they should be reduced even if it means further public…

#Taxandspending #Politics #UKnews #Labour Twice as many Britons want tax rises as want cuts, survey finds: Study reveals support for measures to maintain public services, regardless of impact on household finances

Twice as many Britons support tax increases to pay for public services as those who…

Companies linked to Tory donors given £8.4bn in public contracts since 2016 Anti-corruption charity has called for ban on parties accepting donations from companies with public contracts Companies linked to Conservative donors have collectively received £8.4bn in public money since 2016, analysis shows, more than 150 times what…

#Partyfunding #Conservatives #Taxandspending #Politics Companies linked to Tory donors given £8.4bn in public contracts since 2016: Anti-corruption charity has called for ban on parties accepting donations from companies with public contracts

Companies linked to Conservative donors have…

International scheme to tax billionaires’ wealth technically feasible, study finds Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20 An international scheme to tax the wealth of the world’s 3,000 billionaires is technically feasible and could net up to $250bn (£197bn) a year in extra…

#Thesuperrich #Worldnews #Taxandspending #Politics International scheme to tax billionaires’ wealth technically feasible, study finds: Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20

An international scheme to tax the wealth of the world’s…