Chancellor Rachel Reeves has introduced nearly £60 billion in tax rises beyond what Labour had pledged in its manifesto, according to new budget figures. The government’s pre-election assurances outlined £8.6
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Rachel Reeves, the Chancellor, has extended the freeze on income tax thresholds for an extra three years beyond 2028, surpassing expectations and triggering significant revenue increases for the Treasury. Analysts
Chancellor Rachel Reeves’s decision to reverse planned income tax hikes has ignited a political dispute and raised questions about the transparency of the United Kingdom’s fiscal process. The reversal arrives
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
Sir Keir Starmer and Rachel Reeves have abandoned plans that would have broken Labour’s manifesto pledge not to increase income tax rates in the forthcoming budget. Senior officials indicated that
Labour has decisively withdrawn proposals for a significant rise in income tax that would have breached its manifesto commitments. The change of direction was submitted to the Office for Budget
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
Rachel Reeves, the Chancellor, is considering a bold and controversial move that could see Labour breach its 2024 manifesto commitments. Sources inside the Treasury indicate that a 2p rise in
Rachel Reeves, Chancellor of the Exchequer, has been strongly cautioned against the possibility of raising income tax, a move that would not only break Labour’s recent manifesto pledge but could
Sir Tony Blair has called for the United Kingdom’s highest rate of income tax to be cut below 40 per cent, placing him in direct opposition to Sir Keir Starmer
Pressure is mounting on Chancellor Rachel Reeves to execute a £6bn tax raid targeting pensioners, landlords and the self-employed, as advocated by the highly influential Resolution Foundation. The think tank,
Sir Keir Starmer has refused to categorically rule out income tax or national insurance rises ahead of the next budget, as economic forecasts warn of a substantial shortfall in the
Hundreds of thousands of British savers are undergoing a radical shift in how they earn and spend their money, and the driving force is tax. As income tax thresholds remain
Income tax receipts soared to an impressive £32.7 billion in July, marking the highest figure for that month since records began in 2008, according to the latest official data. This
