Labour’s tax increases are pushing workers and investors abroad.

In announcing the measures, Rachel Reeves, the top economic official in an increasingly unpopular government, cited the forecasts for slower growth and the need to hold down debt.

Britain’s unpopular center-left Labour government sought to seize the political narrative Wednesday with a tax-raising budget that it hopes will boost economic growth, reduce child poverty and ease cost-of-living pressures.

Anger at the government has seeped into measures of business confidence, many of which are negative. Yet such surveys don’t tell the full story about what is happening in the economy. As Rob Wood of Pantheon Macroeconomics,

Britain's tax-raising budget reduces near-term uncertainty, but doesn't change JPMorgan's expectations for government bond yields to rise next year, the bank's head of European rates strategy research said on Thursday.

The government plans to double the period needed for many legal immigrants to become permanent residents, while cutting it for higher-rate taxpayers.

LONDON — Long-term net migration to Britain fell by more than two-thirds in the year to June, official data showed on Thursday (Nov 27), extending a downward trend fuelled by tougher government policies to curb arrivals.

Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its stance on new licences while dashing oil and gas producers' hopes for an early end to windfall taxes on their sector.

Chancellor Rachel Reeves has unveiled a £13 billion tax package affecting household incomes, despite Labour’s manifesto commitment not to increase the burden on working people. Her Budget confirmed that income tax and National Insurance thresholds will remain unchanged for a further three years,