Faisal Islam

Chancellor Rachel Reeves has confirmed she will reveal a Treasury audit of public spending pressures inherited by the new government, which could see claims of a "black hole" worth tens of billions of pounds.

The Chancellor is set to outline immediate cuts worth billions of pounds to plug shortfall.

Rates have been cut, but the message from the Bank of England is not to expect more reductions immediately.

Having inherited an economy growing at a normal rate, can the chancellor justify tax rises this autumn?

This will take the full state pension for men who have retired since 1951 and women since 1953 to around £12,000 in 2025/26.

Faisal Islam and Mitchell Labiak Brexit red tape on British businesses has caused UK-EU goods trade to slump and the problem is getting worse, economists have warned.

Faisal Islam The longest-running measure of consumer confidence fell sharply in September, raising concerns about whether government rhetoric about Budget "pain" has spooked people.

The chancellor’s speech at the Labour conference was a clear change in tone from the government on the economy.

This is due to concern about his role in sharing misinformation about the UK during last month’s riots, the BBC understands.

This is on account of concerns over how much money will be raised, should wealthy foreigners simply leave the UK.