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The financial sector should be taxed to pay for protecting the UK’s underwater cables that transmit billions of pieces of data including online transactions, a former Cabinet minister has said.
Rachel Reeves has accused the Conservatives of leaving a £22bn “black hole” in the public finances that the Labour government will have to repair through “difficult" decisions like binning unfinished projects and restricting the winter fuel allowance.
Winter fuel allowance payments will become means tested and hospital and transport projects scaled back, as Rachel Reeves laid out her plans to tackle a "£22billion hole in the public finances".
Labour peer and economist Lord Layard has spent years researching happiness. He tells Sophie Church why putting happiness at the heart of policy will keep Labour in power for longer
Economists have said Labour plans to clamp down on tax avoidance will do little to ease the tight fiscal picture on public spending the party is facing if it wins the general election later this year.
Deputy Labour leader Angela Rayner is facing questions over her tax arrangements relating to the sale of her former council house.
The federal judge overseeing an attempt by Hunter Biden to dismiss tax charges against him appeared sceptical of arguments put forward by lawyers for the president’s son in Los Angeles, saying there was little evidence that special counsel David Weiss had been influenced by Republicans.
Attorneys representing Hunter Biden asked a US judge in Los Angeles to dismiss the criminal case accusing him of evading $1.4m in taxes, arguing that prosecutors bowed to political pressure from Republican lawmakers investigating his father, Joe Biden.