The next Budget will take place on Wednesday 15 March, the Treasury said today.

A tax measure introduced in the 2021 Budget to reduce the cost of pension tax relief for the government will raise twice as much for the Treasury as originally expected, new analysis suggests.

Prime Minister Liz Truss has made a U-turn on a controversial decision to cut Corporation Tax following her appointment today of Jeremy Hunt as the new Chancellor to replace sacked Kwasi Kwarteng.

MPs want auto-enrolment pensions to be revamped to prevent them providing second rate incomes in retirement.