UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’ The Guardian - UK · Jul 28
Burnham warned he will have to raise taxes or cut spending to fund his pledges Leading economic think tank warns there is ‘no capacity’ to borrow more with inflation set to go higher than expected, growth set to plummet and a massive squeeze on spending The Independent UK · Jul 28
Iran War Shock Leaves UK Policymakers Trapped Between Inflation and Recession Risks The UK economy is threatened by a £35bn loss due to rising energy prices from the Iran conflict, risking recession and high inflation, warns NIESR. International Business Times UK · Apr 29
UK economy faces £35bn blow and recession risk amid Iran war energy crisis IN FULL The Independent UK · Apr 29
UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict The Guardian - UK · Apr 28
Middle East energy crisis could wipe £35bn off UK economy – even in best-case scenario, think tank warns Impact of Donald Trump’s Iran war a ‘serious blow’ to Keir Starmer’s economic hopes The Independent UK · Apr 28
UK economy set for £35bn hit from Middle East energy crisis, think tank says The National Institute of Economic and Social Research said the UK could enter a recession this year if the crisis is particularly protracted. Evening Standard · Apr 28
UK interest rates could go back above 4% if energy shock persists, Niesr warns The National Institute of Economic and Social Research said the Bank of England will have to contend with a ‘shock’ to energy costs. Evening Standard · Mar 4
Zero net migration would shrink UK economy by 3.6%, says thinktank Jump of £37bn in budget deficit by 2040 would force government to increase taxes, NIESR predicts The Guardian - UK · Feb 4
Younger and lower-paid workers hit hardest by rising labour costs, figures show Higher labour costs have raised the marginal cost of hiring by around 7%, in real terms, for an entry level position, Niesr found. Evening Standard · Feb 4
Reaching net zero migration would squeeze public finances, warns think tank If net migration stayed positive, a larger working-age population would broaden the tax base and help stabilise the debt to GDP ratio, Niesr said. Evening Standard · Feb 4
Net zero migration would require major tax rises to plug £37bn black hole, experts warn Leading economic think tank predicts that net zero migration would lead to slower employment growth and a smaller workforce, causing a decline in overall GDP growth The Independent UK · Feb 4
Reeves accused of misleading public on Budget black hole to justify £26bn tax raid Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’ The Independent UK · Nov 28, 2025
Evening Standard · Nov 5, 2025 Chancellor under rising pressure amid warning UK finance blackhole must be plugged ‘with 2p income tax hike’ Rachel Reeves has given strong indications she will break Labour’s manifesto promise not to raise taxes on “working people” at her Budget on November 26
The Guardian - UK · Nov 5, 2025 Thinktanks urge Rachel Reeves to overhaul ‘broken’ tax system Coalition says ‘arbitrary and nonsensical’ rules are penalising work and discouraging investment
Evening Standard · Nov 5, 2025 Income tax hike of at least 2p likely needed to plug Budget hole, warns Niesr The economic think tank said the Chancellor needed to make ‘brave choices’ at the upcoming November 26 Budget.
Evening Standard · Oct 9, 2025 Raising income tax is ‘least damaging’ option for Reeves, says think tank An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).
The Independent UK · Oct 9, 2025 Budget 2025: Experts reveal which tax increase will have ‘least damaging’ impact Economic analysis has revealed whether a income tax or VAT increase will be the better option for the economy
The Independent UK · Oct 6, 2025 Starmer faces cabinet revolt over Budget tax rises that could drive wealthy away ‘The trouble is we have crossed a line in trying to encourage aspiration. The non-dom change and the VAT on school fees have sent the opposite message,’ minister tells The Independent
International Business Times UK · Sep 10, 2025 Reeves Blocks Wealth Tax Plan: Defies Labour Hopeful, Gambles with Public Finance Chaos Chancellor Rachel Reeves blocks wealth tax, defying Labour MPs, risking £50B fiscal chaos. Can she balance the Budget without breaking promises?
The Independent UK · Aug 30, 2025 Reeves warned she will have to break manifesto commitment on tax to deal with economic black hole Leading economists have questioned strategy of ‘fiddling around’ with new small taxes – such as the mansion and gambling taxes – to avoid economic crisis
The Guardian - UK · Aug 12, 2025 The Guardian view on Labour’s feelgood economy: it’s not for everyone – especially the poorest Editorial: Ministers boast of rising wages. But for low earners, the cost of living crisis endures – with food and rent inflation erasing any pay gains
The Guardian - UK · Aug 12, 2025 Both left and right agree taxes must rise. Time for Labour to get creative The faux row will be ear-splitting whether Reeves takes a lot or a little. Scepticism about a wealth tax is rising, but there are many ways to skin fat cats, says Guardian columnist Polly Toynbee
Evening Standard · Aug 8, 2025 Labour's plans to tax people's savings accounts explained New legislation will see workers taxed directly from their pay packets