Economy, Business & Finance

We check facts about the UK economy. This includes money issues like prices, taxes, jobs, people out of work, and housing. We also look at how these things are different in each part of the UK.

9 June 2026

Unclear or disputed

Government Tracker

Has the government kept its pledge not to increase income tax rates?

By Hannah Smith • 5 mins

Full Fact looks at Labour’s manifesto commitment on income tax. Read

Gov Tracker

9 June 2026

Not kept

Government Tracker

Has the government kept its pledge on National Insurance?

By Hannah Smith • 5 mins

Full Fact looks at Labour’s manifesto pledge on National Insurance, the meaning of which has been disputed. Read

Gov Tracker

8 June 2026

Appears on track

Government Tracker

Is the government on course to meet its fiscal rules?

By Joshua Salisbury • 4 mins

Full Fact examines whether Labour is on track to meet its “non-negotiable” fiscal rules for the government finances. Read

Gov Tracker

28 May 2026

Not kept

Government Tracker

Has the government kept its pledge not to increase taxes on ‘working people’?

By Hannah Smith • 4 mins

Full Fact looks at Labour’s manifesto commitment on taxation, which has led to much debate over the meaning of the phrase ‘working people’. Read

Gov Tracker

28 May 2026

Achieved

Government Tracker

Has the government established a National Wealth Fund?

By Hannah Smith • 2 mins

Full Fact looks at Labour’s pledge to establish a ‘National Wealth Fund’. Read

Gov Tracker

27 May 2026

Achieved

Government Tracker

Is the government on track to abolish ‘non-dom’ tax status?

By Hannah Smith • 2 mins

Full Fact looks at Labour’s manifesto commitment to scrap the current domicile-based tax system. Read

Gov Tracker

27 May 2026

Not kept

Government Tracker

How much capital has the government committed to the National Wealth Fund?

By Joshua Salisbury and Hannah Smith • 2 mins

Full Fact looks at whether Labour has met its pledge to assign £7.3 billion of capital to the National Wealth Fund. Read

Gov Tracker

20 May 2026

Achieved

Government Tracker

Has the government ended the use of offshore trusts to avoid inheritance tax?

By Hannah Smith • 2 mins

The Labour government set out plans to change inheritance tax rules for non-UK assets in its first Budget. Read

Gov Tracker

19 May 2026

Appears off track

Government Tracker

Is the government on course to secure ‘the highest sustained growth in the G7’?

By Nasim Asl • 4 mins

Full Fact looks at Labour’s pledge to kickstart economic growth, from the first of the party’s “five missions to rebuild Britain”. Read

Gov Tracker

1 April 2026

Wait and see

Government Tracker

Is the government on track to meet its promise on productivity growth ‘in every part of the country’?

By Nasim Asl • 3 mins

Full Fact looks at Labour’s manifesto commitment to deliver productivity growth. Read

Gov Tracker