Sources close to the Prime Minister-in-waiting repeatedly refused to rule out his incoming Government hiking the levy in the New Year and increasing it annually by linking it to inflation.

The former Manchester mayor has said the government needs to ‘be serious about putting more money back into people’s pockets’

The International Monetary Fund published a new report on the UK as Mr Burnham prepares to take the reins as the country’s new prime minister.

Sources close to the Prime Minister-in-waiting repeatedly refused to rule out his incoming Government hiking the levy in the New Year and increasing it annually by linking it to…

Some economists think a sharp drop in petrol and diesel prices will have helped pull the overall inflation rate down to 2.4% in June, from 2.6% in May