Rachel Reeves has walked herself into a trap of her own design. She promised not to raise income tax, VAT, NI, or corporation tax. That leaves her fishing down the back of the fiscal sofa for loose change, all while Trump’s tariffs, a sluggish economy, and crumbling public services demand tens of...
The ONS has spoken: GDP in July was flat. Zero growth. In June it had managed 0.4%. Year-on-year, 1.4%. The Guardian called it “grim news” for Rachel Reeves, as though this were merely another episode of political weather to be endured by the Chancellor. But the real story isn’t July’s flatline....
Sir Jim Ratcliffe, Manchester United’s tycoon investor and Britain’s self-proclaimed chemical king, has taken his £17 billion fortune across the Atlantic. Why? Because Labour dares to tax the super-profits his oil and gas empire has been raking in. He wants us to believe that this is about...