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2025December › 01

Chancellor

7 months ago

Robert Forrester, boss at Vertu Motors, says the Chancellor's EV tax raid will be a hammer blow to demand and force brands to restrict the number of petrol cars they bring into the country.
Polling by More In Common showed that 67 per cent of voters believe the Government has breached its pre-election pledge.
Oil and gas firm Harbour Energy is cutting another 100 North Sea jobs in the North Sea after the Chancellor refused to axe the windfall tax in the Budget.
Keir Starmer insisted the Chancellor did not mislead the public in the run up to the Budget, adding that at one point he too had thought they would need to breach election pledges to hike taxes.
The Chancellor chose not to share some information on tax receipts in an unusual press conference, given before the Budget.
Chancellor Rachel Reeves is expected to receive a report on the dramatic Budget leak that saw key documents made public nearly two hours early.
We shouldn't be surprised by the Chancellor's tax on electric cars - this Government has been deploying a 'giveth with one hand and taketh with the other' approach to EVs for 18 months.
Reeves said enterprises worth more than £1m would be hit with death duties of 20 per cent from April next year. The proposals have sparked outrage.
The Chancellor will receive a report tomorrow on the 'serious' error that saw the Office for Budget Responsibility publish its crucial verdict on the Budget before giving her speech on Wednesday.
Unemployed people in Jaywick, Essex, are celebrating after the Chancellor ceded to Labour MPs' demands for more benefits handouts.

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