 Chancellor of the Exchequer, Rachel Reeves taking applause after she addressed the Labour Party Conference in Liverpool. Rachel Reeves may need to raise up to £25 billion from tax increases if she wants to keep spending rising with national income, the Institute for Fiscal Studies (IFS) estimates. Issue date: Thursday October 10, 2024.

The IFS warns changing the debt rule inherited from the Conservatives will do “almost nothing” to improve funding for public services.

Up to £25 billion in tax rises may be needed for 'no return to austerity' pledge

Two and a half years ago, P&O caused controversy by sacking almost 800 British seafarers without warning and replacing them with cheaper, foreign agency crew.

Transport minister calls P&O Ferries 'rogue operator' as law is tightened

ITV News Business Editor Joel Hills analyses the Chancellor's rumoured plans and what effect they might have on the country.

Chancellor prepares to ramp up investment spending in her budget

The Chancellor is clearly thinking of amending the fiscal rules in her Budget - radical move but one that carries risk.

Changing fiscal rules could enable £50bn of extra borrowing for investment

Public services are visibly fraying - and economic growth is too weak to generate the tax revenues required to repair them.

Reeves pledges to 'tear down' barrier to investment 

The Bank of England voted to keep interest rates on hold - although the minutes signal that a cut in November is firmly on the table.

Bank holds but signals interest rates are set to fall 'gradually'

ITV News' Business and Economics Editor Joel Hills reports on what could be ahead in light of inflation remaining at 2.2% in August.

Inflation stays low and steady, but September interest rate cut looks unlikely

Speaking to ITV News Rachel Reeves defended cutting the winter fuel payment so quickly when pressed on why she did not wait until next year.

Chancellor says delaying winter fuel payment cut 'not an option'

The online retailer has become one of the UK's most popular clothing outlets. 

Shein avoided an estimated £150 million of UK import tax last year

Almost 40% of Thames Water storm overflows 'spill' more than 20 times a year.

Thames Water discovers 312 storm overflows it didn't know it had

The Bank reduced rates from 5.25% to 5%, releasing some pressure on borrowers, writes ITV News' Business and Economics Editor Joel Hills.

Bank of England cuts interest rates but warns it's not 'job done' 

As the US election heats up, conspiracies theories about Hurricane Milton, due to batter Florida, are being circulated online.

Democrats accused of 'controlling the weather' over hurricanes in the US

No one begins their career headlining Glastonbury’s Pyramid Stage and many of the UK’s grassroots music venues are struggling to keep their doors open.

Campaigners want £1 ticket contribution to save grassroots music venues

As energy theft continues to rise, ITV News Consumer Editor Chris Choi explains the risks posed by interfering with a meter.

Electricity and gas theft: The hidden crime visible in your energy bill

Local authorities across England and Wales have warned the Chancellor that any funding reductions for councils would have 'disastrous' consequences.

Councils warn Chancellor that support for most vulnerable is under threat

Tory members must now decide whether they want Kemi Badenoch as their leader or Robert Jenrick.

Tory party to shift further to the right in bid to win back Reform voters

The parents of Emily Chesterton are suing the GMC after she died from a pulmonary embolism after she was misdiagnosed by a physician associate.

Joel Hills

Business and Economics Editor

Up to £25 billion in tax rises may be needed for 'no return to austerity' pledge

Transport minister calls P&O Ferries 'rogue operator' as law is tightened

Chancellor prepares to ramp up investment spending in her budget

Changing fiscal rules could enable £50bn of extra borrowing for investment

Reeves pledges to 'tear down' barrier to investment

Bank holds but signals interest rates are set to fall 'gradually'

Inflation stays low and steady, but September interest rate cut looks unlikely

Chancellor says delaying winter fuel payment cut 'not an option'

Shein avoided an estimated £150 million of UK import tax last year

Thames Water discovers 312 storm overflows it didn't know it had

Bank of England cuts interest rates but warns it's not 'job done'

From our journalists

Up to £25 billion in tax rises may be needed for 'no return to austerity' pledge

Democrats accused of 'controlling the weather' over hurricanes in the US

Campaigners want £1 ticket contribution to save grassroots music venues

Electricity and gas theft: The hidden crime visible in your energy bill

Transport minister calls P&O Ferries 'rogue operator' as law is tightened

Councils warn Chancellor that support for most vulnerable is under threat

Tory party to shift further to the right in bid to win back Reform voters

BMA backs family suing regulator over role of NHS physician associates