Income tax bands not rising in line with inflation will eclipse the benefit households might expect from tax cuts, meaning the government is effectively “giving with one hand and taking with the...
Kwasi Kwarteng’s hastily rewritten speech at the Conservative Party conference was packed with mentions of growth and the need to bring down the UK tax burden, but commentators have expressed concern...
The government’s ‘Growth Plan’ risks weakening public finances, worsening inequality and leading to the Bank of England aggressively raising interest rates, major international institutions have...
The government’s package of tax cuts aimed at boosting economic activity are unlikely to stimulate enough growth to pay for themselves, and could lead to future tax rises or spending cuts, economists...
Repealing reforms to off-payroll working rules could lead to a return of “widespread non-compliance and significant loss of tax revenues”, compliance experts have said.
New chancellor Kwasi Kwarteng announced a raft of tax cuts including a reduction in national insurance payments, in a move he said will shift the economy from a “vicious cycle of stagnation into a...
North Yorkshire County Council will be ready to double council tax payments levied on second homes to raise additional funds it hopes would help it address an “affordable housing crisis”, once new...
Councils in Wales could become the first in the UK to get the power to tax overnight visitors in their areas, with proposals now being consulted on that the Welsh Government hopes would protect local...
Proposals to give local authorities flexibility on how they spend levies charged on development projects could give councils the “easy option” to reduce local investment, MPs have warned.
As towns and cities strive to reduce emissions and accommodate a growing shift to electric vehicles, a new challenge has emerged to deliver sufficient chargepoints to meet demand – with some regions...
Plans for permanent tax cuts set out by Conservative Party leadership candidates will be “difficult” to implement given the economic environment the promises are being made in, Institute for Fiscal...
A programme of a similar scale to the unprecedented Covid-19 employment scheme might be necessary to keep rising energy bills from pushing millions of people into financial desperation, according to...
It is a battle that is being fought all over the world – with varying success. How can we raise our efforts to keep vehicles out of towns and cities, cutting traffic and creating cleaner air?
Councils in England could receive grants to offset landfill tax costs when redeveloping brownfield and contaminated land, in a move the government hopes could help transform underused and derelict...
Tax cuts proposed by Conservative leadership candidate Liz Truss could cost more than £30bn and break the government's fiscal rules, economists at the Institute for Fiscal Studies have warned.
Conservative leadership candidates have spent much of the past two weeks talking about their ideas of tax cuts, but a senior International Monetary Fund official has warned it could be economically...
A lack of taxes on wealth means young people are left paying a disproportionate share of the tax burden, despite older people generally being wealthier, an expert has said.
Russia’s invasion of Ukraine could speed efforts to decarbonise Western energy supplies. But how will governments recoup lost tax income from fossil fuel?