#uk-public-finances

#uk-public-finances

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

The total HMRC receipts for the month of September 2025 amounted to £71.2bn. And the total receipts figure for the 12 months to September 2025 was in fact 6% higher than for the same 12-month period to September 2024. However, if these tax take figures were put on a graph, the plot line would seemingly follow a similar trajectory as the UK's borrowing costs, reported to be £7.2bn higher than original forecasting according to the ONS with official borrowing figures for the 6 months to September 2025 reaching just shy pf £100bn.

Rachel Reeves is reportedly plotting a tax raid on landlords in an attempt to plug the up to 40billion blackhole in the nation's finances. The chancellor is considering raising taxes for landlords in her next budget by applying national insurance (NI) to rental income, arguing the move would target unearned income, according to reports. The plans aim to make the Treasury 2 billion, as it attempts to avoid breaking the chancellor's red lines outlined before the general election, which included not increasing VAT, income tax or national insurance.