6 hours ago Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax

Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30.

Economics

9 hours ago Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget

Government analysis has previously all but ruled out the measures

Economics

12 hours ago Rachel Reeves set to raise capital gains tax rate on sales of shares in Budget

Budget reforms will not increase the rate on sales of properties, it has been reported

Economics

14 hours ago Labour's poll tax: Business fury at Reeves's plan to hike national insurance

Hiking national insurance will become Labour's 'poll tax', Rachel Reeves has been warned. In the most vehement criticism yet, business leaders reacted with fury as the Treasury refused to rule it out.

Economics

15 hours ago Here’s a rabbit for the chancellor’s hat: scrap stamp duty on shares | Nils Pratley

Getting rid of SDRT would pay for itself over time because other receipts would rise, abolitionists sayRachel Reeves is looking for taxes to raise, rather than ones to abolish. Never mind: here is a tax that ought to be scrapped by a government that calls itself pro-growth, pro-business and pro-investment, which was the pitch at this week’s big summit. What’s more, the enticing claim from abolitionists is that getting rid of the tax could – with a few qualifications – pay for itself over time because other Treasury receipts would rise.The tax is stamp duty on shares – or, in full, stamp duty reserve tax, or SDRT. It is the 0.5% levy on purchases of shares in UK companies that brought £3.8bn into the Treasury in the 2022-23 tax year. Ireland has a higher rate, 1%, but nobody else does. T...

Politics

19 hours ago Hiking national insurance could prove Labour's 'poll tax', business leaders warn Rachel Reeves

Hiking national insurance will become Labour's 'poll tax', Rachel Reeves has been warned. In the most vehement criticism yet, business leaders reacted with fury as the Treasury refused to rule it out.

Events

20 hours ago Raise taxes on petrol and diesel cars to reduce electric ‘premium’ – think tank

A report by the Resolution Foundation recommended that this action is taken if ‘concerns’ persist over the number of EVs being bought.

Events

20 hours ago Increasing capital gains tax will not push investors out of UK, says think tank

Millionaire businessman Graham Hobson said the argument raising capital gains tax would deter entrepreneurs was ‘a myth’.

Economics

29 hours ago Labour budget set to raise £40 billion through tax hikes and spending cuts

The Chancellor will deliver her first Budget later this month

Economics