Liz Truss has criticised the role of institutions and blamed the “anti-growth coalition” for failing to implement her tax-cutting agenda during her short stint as prime minister last year.
Unexpected tax growth in Scotland was not enough to avoid the removal of £390m of block grant funding in 2024-25, the nation’s fiscal commission has said.
The rise of electric vehicles will leave a £10bn hole in UK public finances within a decade as fuel duty revenue dwindles, and the government faces calls to overhaul road taxes to make up for it.
Labour leader Keir Starmer has pledged to use a “proper” windfall tax to fund council tax freezes for households in England next year if the party is elected.
Scottish Government proposals for increasing taxes on higher earners to fund more generous benefits are more progressive than the rest of the UK, but are at risk of being avoided, the Institute for...
Allowing three struggling local authorities to raise council tax beyond the normal limit only pushes the cost of their failure onto residents, experts have said.
Getting more people to live healthy lifestyles is a priority for governments around the world. But slimmer waistlines aren’t good for the bottom line, as Japan is discovering. What can other...
Gwynedd Council is set to raise its council tax premium on second homes to 150% next year to help support the increase of homelessness following Covid-19.
Reforming local taxation to include surcharges on out-of-town businesses could help to arrest decades of decline in Scottish town centres, MSPs have said.
Second home-owners in North Yorkshire will pay twice as much council tax once powers in the Levelling Up Bill are put into law, in a move the council has said could prove “transformational” for the...
Higher borrowing costs and spiralling inflation amid weaker economic growth mean public finances have “materially worsened” since March, the Office for Budget Responsibility has said.
Powers allowing councils to raise additional revenues locally, as hinted at by levelling up secretary Michael Gove, could come hand-in-hand with a reduction in grant funding, an expert has warned.
Is the Treasury taking the right approach? Is the government ignoring good sources of revenue? How ready is the public sector for more cuts? We’re collecting our readers’ views.
Chancellor Jeremy Hunt is set to make up to £60bn of spending cuts and tax increases to help shrink the government’s medium-term budget gap, despite the cost-of-living crisis, according to reports.
