❌

Reading view

TUC leader expects wave of union recognition in private sector over coming year

Paul Nowak says ‘hundreds, if not thousands’ of employers could sign access agreements as ‘transformative’ rules come into force

The TUC general secretary, Paul Nowak, is predicting a wave of union recognition deals in the private sector over the next year as “transformative” rules on accessing workplaces come into force.

From Friday, as part of Labour’s Employment Rights Act, unions will have the right to enter workplaces or communicate with staff electronically. From January, employers will be obliged to inform workers of their right to join a union.

Continue reading...

© Photograph: Stefan Rousseau/PA

© Photograph: Stefan Rousseau/PA

© Photograph: Stefan Rousseau/PA

  •  

Healey backs away from cutting welfare cost amid warnings of public finance shortfall

Experts round on chancellor over ‘scattergun’ budget, saying he ducked big tax and spending decisions

John Healey has backed away from cutting the cost of welfare this parliament, amid dire warnings his first budget could lead to brutal spending cuts because of a £28bn shortfall in public finances.

Experts rounded on Healey’s steady-as-she-goes budget on Thursday, with the Institute for Fiscal Studies saying he had left himself a mountain to climb by ducking big tax and spending decisions.

Continue reading...

© Photograph: Wiktor Szymanowicz/Future Publishing/Getty Images

© Photograph: Wiktor Szymanowicz/Future Publishing/Getty Images

© Photograph: Wiktor Szymanowicz/Future Publishing/Getty Images

  •  

‘Why has the Chancellor left the wealthiest untouched?’ – our money and economics writers answered your questions

The Guardian’s money and economics editors Hilary Osborne and Heather Stewart answered your questions on energy prices, tax thresholds and the global events pressuring the economy.

FelonMarmer asks: What is going to stop landlords just transferring their tax increase onto tenants, while complaining about how hard done by they are?

Heather says: Unfortunately, there’s nothing to stop landlords passing their higher tax bills onto their tenants, aside from what the local rental market will bear. Indeed, the Office for Budget Responsibility did suggest one result of this and other recent policies (the 2p rise this year followed another 2p last year) could be “a steady rise in rents,” as some landlords whack up rents and others leave the market altogether. I think John Healey’s answer would probably be a fairness one - that income made through renting out property should be taxed more heavily than that earned through work.

Heather says: That’s a really good question: Labour strategists are adamant that they wouldn’t. I can’t help thinking that voters were so convinced the public services were in a dire state, they could have accepted the argument that taxes needed to rise. Certainly, the Tories didn’t seem to get much electoral credit for Jeremy Hunt’s desperate cuts to national insurance contributions in his last couple of budgets. But we’ll never know.

Another question is whether Labour should have bust the manifesto promises - either when they first got in, on the basis the public finances were worse than they thought; or at some point in the last year, given the impact of the Iran war (which has added £14bn to the government’s interest costs this year alone).

Continue reading...

© Composite: Guardian Design

© Composite: Guardian Design

© Composite: Guardian Design

  •  

Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households

Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis

John Healey raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of living crisis.

In his first budget, the chancellor blamed “global economic storms” for the grim outlook, as the war in Iran drives up oil and gas prices.

Continue reading...

© Photograph: House of Commons/AFP/Getty Images

© Photograph: House of Commons/AFP/Getty Images

© Photograph: House of Commons/AFP/Getty Images

  •  

Budget 2026: John Healey offers £100 payments to households to help navigate ‘global economic storms’

Payment to 20m homes part of package to help cut energy bills and ease cost-of-living crisis, paid for by smaller than expected bank windfall tax

John Healey promised to steer Britain through “global economic storms,” as he announced a package of measures to cut consumers’ energy bills, funded by a smaller-than-expected windfall tax on banks.

In his first budget, the chancellor said 20m households in council tax bands A to D would receive a £100 payment – a measure he said would cost £2.6bn.

Continue reading...

© Photograph: House of Commons/UK Parliament/PA

© Photograph: House of Commons/UK Parliament/PA

© Photograph: House of Commons/UK Parliament/PA

  •  

Chancellor targets cost of living crisis in budget for a ‘difficult moment’

Healey hopes to give ‘hope for the future’ but only modest policies are expected with important decisions deferred

John Healey has acknowledged the UK faces a “difficult moment” but insisted he would put the country on a better path as he delivers his first budget on Wednesday against a turbulent global economic backdrop.

But despite the international uncertainty, the chancellor will signal “fresh hope for the future” as he attempts to sound a more optimistic note, by providing households with breathing space from rising cost of living pressures.

Continue reading...

© Photograph: Kirsty O’Connor/Treasury

© Photograph: Kirsty O’Connor/Treasury

© Photograph: Kirsty O’Connor/Treasury

  •  
❌