The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
Category: Labour Party (Great Britain)
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A Major Moment for the British Economy: What to Watch in the U.K. Budget
Rachel Reeves, the top economic official in an increasingly unpopular government, will appear in Parliament to present tax and spending plans.
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Britain’s Most Unpopular Chancellor in Decades Faces Another Big Test
Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.
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U.K. Vows to Ban Resale of Concert Tickets Above Face Value
The move aims to prevent “touts,” or scalpers, from charging exorbitant prices for sought-after shows.
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As Britain Lowers Its Voting Age, Some American Teens Fight for the Same in the U.S.
After Britain announced plans to lower the voting age, some American teenagers wondered: When will it be their turn?
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Trump Urges the U.K. to Drill More Oil, Criticizing Its Energy Policy
President Trump said the North Sea was a “treasure chest,” but its high taxes were driving away oil producers.
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Britain’s Economic Bind: Face Public Disapproval or Investor Wrath
The Labour Party is starting its second year in control of the government with difficult choices over whether to curb spending or raise taxes.
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How the UK Plans to Boost Its Economy
Rachel Reeves, the chancellor of the Exchequer, broke down public spending plans, including more money for the military, public transport and affordable housing.
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Rewiring Britain for an Era of Clean Energy
National Grid, which owns the high-voltage electricity grid in England and Wales, is rebuilding it in a government-backed drive to attract investment and tackle climate change.
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In Britain, a Fight Over a Film Studio Becomes a Test for the Economy
The national government has intervened in a local planning squabble, which has become a symbol for how far it will go to use development as a way to revive the British economy.
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Soaring Bond Yields Put U.K. Government’s Economic Plan at Risk
Investors are demanding sharply higher yields on government bonds, threatening to upend the Labour Party’s plans to reinvigorate a stagnant British economy.
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Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Stubborn inflation, tax rises and high interest rates makes it difficult for many to muster optimism, at least in the short term.