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Economy and Tax

Everything else a government wants to do depends on the money to pay for it, which makes the economy the area where the hardest choices are made and the most promises broken. Tax rates and thresholds, the level of borrowing, growth and productivity, the cost of living and the rules governing business all sit here. Manifesto pledges not to raise particular taxes collide with the arithmetic of the public finances, and the distance between what was promised at an election and what is delivered in a Budget is one of the clearest tests of whether a government can be trusted.

The department responsible

HM Treasury

The most powerful department in Whitehall. Ministers come and go, policies rise and fall, but sooner or later almost every major decision ends up on a Treasury desk with a price tag attached.

MPs scrutinising this most

By written questions tabled to the department this Parliament.

1. Callum Anderson Labour3792. Rt Hon Richard Holden Conservative3073. Dame Harriett Baldwin Conservative2874. Kevin Hollinrake Conservative2745. Andrew Griffith Conservative274

Recent Commons votes

Draft Carbon Budget Order 2026
24 Jun 2026
Opposition day: Defence spending and readiness
23 Jun 2026
Opposition Day Motion: Defence spending and readiness - Prime Minister's Amendment
23 Jun 2026
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 1
23 Mar 2026
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 6
23 Mar 2026
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 2
23 Mar 2026
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 5
23 Mar 2026
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 3
23 Mar 2026
Referendums Relating to Council Tax Increases (Principles) (England) Report 2026-27
11 Feb 2026
National Insurance Contributions (Employer Pensions Contributions) Bill Committee: Amendment 5
21 Jan 2026

Bills and Acts

Taxation (Energy and Vehicles) Bill
Leisure and Fitness Facilities (Value Added Tax) Bill
Health Insurance (Exemption from Insurance Premium Tax) Bill
Exemption from Value Added Tax (Public Electric Vehicle Charging Points) Bill
Exemption from Value Added Tax (Listed Places of Worship) Bill
Domestic Energy (Value Added Tax) Bill
Children’s Clothing (Value Added Tax) Bill
Non-Domestic Rating (Multipliers and Private Schools) ActAct

Investigations

Labour's Broken Promise Problem

Keir Starmer was not elected on ideological excitement. He was elected on trust. Two years on, the promises Labour broke are the ones that mattered most to voters.

Hand Over £800 Million Or Lose £60 Billion

Trump is threatening a 100 percent tariff on every UK good sold to America unless Britain scraps a digital tax worth a fraction of the trade at stake. The tax will go. The real lesson is that a deal with this White House lasts exactly as long as it suits him.

The public’s view

Should capital gains tax be aligned with income tax rates?
Yes 47% · No 53% (2,640 votes)
Cast your vote on the People’s Polls →