Kiran Stacey
@kiranstacey.bsky.social
Policy Editor at the Guardian. Previously with the FT in London, Delhi, Washington.
3) We're now told the black hole needing to be filled is around £20bn. Plus the chancellor wants to increase her headroom.
So where is the rest of the money coming from?
So where is the rest of the money coming from?
November 14, 2025 at 11:59 AM
3) We're now told the black hole needing to be filled is around £20bn. Plus the chancellor wants to increase her headroom.
So where is the rest of the money coming from?
So where is the rest of the money coming from?
2) Three major tax-raising measures now at the heart of the budget:
- Freezing tax thresholds - raises an estimated £7.5bn
- Ending salary sacrifice benefits for pensions - £2bn
- Tax on EVs - £2bn
- Freezing tax thresholds - raises an estimated £7.5bn
- Ending salary sacrifice benefits for pensions - £2bn
- Tax on EVs - £2bn
November 14, 2025 at 11:59 AM
2) Three major tax-raising measures now at the heart of the budget:
- Freezing tax thresholds - raises an estimated £7.5bn
- Ending salary sacrifice benefits for pensions - £2bn
- Tax on EVs - £2bn
- Freezing tax thresholds - raises an estimated £7.5bn
- Ending salary sacrifice benefits for pensions - £2bn
- Tax on EVs - £2bn
HMT officials say they are getting rid of wasteful benefits to middle-class households.
Energy industry experts say the move will be "disastrous" for the clean heating sector.
Energy industry experts say the move will be "disastrous" for the clean heating sector.
November 13, 2025 at 4:28 PM
HMT officials say they are getting rid of wasteful benefits to middle-class households.
Energy industry experts say the move will be "disastrous" for the clean heating sector.
Energy industry experts say the move will be "disastrous" for the clean heating sector.
At the moment hundreds of thousands of households can claim up to £7,500 in grants to replace old gas boilers with shiny clean heat pumps.
Reeves is planning to limit those grants only to poorer households.
Reeves is planning to limit those grants only to poorer households.
November 13, 2025 at 4:28 PM
At the moment hundreds of thousands of households can claim up to £7,500 in grants to replace old gas boilers with shiny clean heat pumps.
Reeves is planning to limit those grants only to poorer households.
Reeves is planning to limit those grants only to poorer households.
Fair point! I wasn't trying to imply that only electricity was under consideration, but I see how removing it from one and not the other would encourage heat pumps.
November 3, 2025 at 4:13 PM
Fair point! I wasn't trying to imply that only electricity was under consideration, but I see how removing it from one and not the other would encourage heat pumps.
Sorry, why would cutting VAT on energy bills change the balance between the electricity and gas price?
November 3, 2025 at 3:52 PM
Sorry, why would cutting VAT on energy bills change the balance between the electricity and gas price?
Reposted by Kiran Stacey
Our story tonight from @kiranstacey.bsky.social me and @guardianheather.bsky.social
Reeves is understood to be nervous about the consequences of such a major abandonment of the party’s pledges. But it would insulate against this rollercoaster of black holes
www.theguardian.com/money/2025/o...
Reeves is understood to be nervous about the consequences of such a major abandonment of the party’s pledges. But it would insulate against this rollercoaster of black holes
www.theguardian.com/money/2025/o...
Reeves considers breaking manifesto pledge with income tax rise to fill £30bn gap
Exclusive: Treasury discussions include possibly adding 1p to basic rate or raising higher or additional tax rates
www.theguardian.com
October 23, 2025 at 7:40 PM
Our story tonight from @kiranstacey.bsky.social me and @guardianheather.bsky.social
Reeves is understood to be nervous about the consequences of such a major abandonment of the party’s pledges. But it would insulate against this rollercoaster of black holes
www.theguardian.com/money/2025/o...
Reeves is understood to be nervous about the consequences of such a major abandonment of the party’s pledges. But it would insulate against this rollercoaster of black holes
www.theguardian.com/money/2025/o...
Especially this part:
October 14, 2025 at 9:21 AM
Especially this part: