Chancellor Rachel Reeves has opted to place a freeze on income tax thresholds at the core of the upcoming budget, abandoning plans for an increase in the basic income tax
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A proposed clampdown on tax advantages attached to salary sacrifice schemes risks disincentivising pension saving in Britain and penalising responsible employers, according to Dame Amanda Blanc, chief executive of Aviva.
Rachel Reeves, the Chancellor, has signalled that her upcoming budget on 26 November may deliver sweeping tax increases, foreshadowing a pivotal moment for the government under mounting financial pressures. Her
Unemployment in the United Kingdom has reached its highest rate since the third national pandemic lockdown, according to recently released official data. Figures from the Office for National Statistics revealed
The UK Government is at a crossroads regarding the future of electric vehicles with new proposals for a pay per mile tax expected to be announced in the upcoming Budget.
Rachel Reeves’s widely anticipated move to increase gambling taxes in her upcoming 26 November Budget is being met with serious warnings from industry experts. According to a recent report by
The United Kingdom is projected to endure its lowest rate of economic growth in a hundred years, with new tax increases being developed by Chancellor Rachel Reeves. Analysis by Andrew
James Libson, managing partner of the prominent law firm Mishcon de Reya, has issued a stern warning about the proposed tax rises on limited liability partnerships LLPs set to be
Rachel Reeves, Chancellor of the Exchequer, is expected to introduce a significant new cap on pension tax relief as part of the upcoming budget. This move will see the government
Electric vehicle owners across the United Kingdom are set to encounter a significant shift in motoring costs, as the government prepares to unveil a new pay-per-mile tax in the forthcoming
The Chancellor has openly hinted at an incoming increase to income tax, signalling a decisive shift in the government’s approach to tackling the UK’s fiscal deficit. Following her speech at
Rachel Reeves stands on the verge of a potentially historic Autumn Budget as the government comes under intense pressure to tackle the nation’s fiscal challenges. With November’s statement looming, Treasury
For over a decade, successive UK governments have sidestepped the thorny issue of raising fuel duty. Despite regular expectations from the Office for Budget Responsibility that rates would increase in
Labour ministers are facing mounting fiscal challenges in the run-up to the highly-anticipated November budget, with Chancellor Rachel Reeves reportedly considering over one hundred separate tax and spending measures to
The United Kingdom’s national debt is swelling at a rate unmatched by any other advanced economy, according to new analysis by Oxford Economics. Over the last two decades, successive governments
The Bank of England faces a decisive moment as members of the Monetary Policy Committee (MPC) prepare for a closely contested vote on whether to reduce interest rates next Thursday.