Search Result for 'John McDonnell '

The public sector borrowed £7.2 billion in June – £3.8 billion more than June last year.

The shadow home secretary retweeted a series of critical remarks about the deputy leader, including one questioning his position.

The party’s general secretary and deputy leader have clashed in a public exchange of letters.

Philip Hammond also expressed his dislike for ‘ad hoc’ spending or tax-cut commitments, in an apparent nod to the Tory leadership race.

Diane Abbot has become the latest senior Labour figure to express concerns about the party’s policy on Brexit. The shadow home secretary – one of Jeremy Corbyn’s closest allies – said she was “beginning to worry” whether the party had got its strategy right. Her intervention will add to the ...

Families on the lowest incomes paid 47.6 per cent of their gross income in tax in 2017-18, new research has revealed. TaxPayers' Alliance analysis shows higher taxes have hit the poorest families hardest over the last decade, increasing by 4.4 per cent since 2008-09. Meanwhile, the richest tenth pay 33.5 ...

Britain has been described as the “greatest enabler of corporate tax avoidance in the world” after it was revealed eight out of the ten jurisdictions with the highest corporate tax haven scores are British territories. Research by the Tax Justice Network found the UK and its “corporate tax haven network” ...

News today that councils are having to sell off libraries, playgrounds and public buildings to pay for austerity-induced cuts and redundancies should come as no surprise to those well versed in the self-defeating nature of such policies. As early as 2016 the International Monetary Fund were sounding the alarm about ...

Austerity policies have resulted in nine years of slower growth and left us all £1,495 a year worse off, analysis by The New Economics Foundation has revealed. The think tank found the impact of tax and spending changes since the Conservatives came to power had left the economy £100 billion smaller than ...