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A leading UK think tank, The Institute for Fiscal Studies, (IFS), has issued a stark warning about the financial challenges awaiting the next government, whatever party wins the July General Election. In a long report, it warns more tax rises or cuts to public services can be expected, and calls for an 'open and robust' discussion about how all the parties will tackle these.
Labour risks handing too much power over the economy and public spending to technocrats, top economists have warned.
Labour's Rachel Reeves rules out increasing income tax or National Insurance if elected, despite acknowledging potential spending cuts. Conservatives and other parties respond.
Wealthy families are fast-tracking estate transfers to their children amid concerns over potential inheritance tax changes under a Labour government.
In a speech to business leaders tomorrow, Rachel Reeves will vow that a Labour government will give companies a 'bedrock of stability' in which to operate.