7 d. ago Tory 'war on workers' as Kemi Badenoch says minimum wage shouldn't go any higher

Tory leader Kemi Badenoch's comments come just weeks after Chancellor Rachel Reeves confirmed pay hikes for around 2.6million workers at her Budget from April 2026

Events

2 w. ago Mansion tax to wipe £10,000s off value of London homes hit by new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

Economics

2 w. ago Mansion tax to wipe £10,000s off value of London homes hit by the new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

Economics

2 w. ago Minimum wage graduates could make student loan repayments by 2030 after Budget threshold freeze

The Chancellor froze student loan repayment thresholds until 2030 on plan 2, meaning more low earners will start repaying 9% of their salary sooner.

Economics

2 w. ago Budget 2025 use our gadget to work out how Rachel Reeves' plan hits your pocket

Analysis after the announcement shows income tax, benefits, pensions impact on normal families in UK

Economics

2 w. ago 'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

Economics

2 w. ago Threshold for repaying student loans to converge with minimum wage

Surprise move from chancellor means some university graduates in England may have to pay back debts sooner

Politics

2 w. ago PAUL NOWAK: 'Major policies in Labour Budget will help turn page on long, bleak Tory era'

'Bringing down energy bills and increasing the minimum wage above inflation will make a real difference to families', TUC General Secretary Paul Nowak writes for the Mirror

Events

2 w. ago Budget 2025 live: Reeves claims freezing tax thresholds in budget does not breach manifesto pledge

Chancellor says she will not ‘get into semantics’ when questioned on issue after her statementAt a glance: the key points from the budgetHow does freezing income tax thresholds affect you?Paul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

2 w. ago Rachel Reeves Budget's 10 key points as major benefit and ISA changes explained

Chancellor Rachel Reeves unveils £26bn tax rises including mansion tax on homes over £2m, scrapping the two-child benefit limit, rail fare freeze and minimum wage hike

Politics

2 w. ago Budget 2025: Winners and Losers from Reeves' tax and spend plan

The Chancellor is targeting the wealthy while trying to protect people on low incomes

Economics

2 w. ago Budget 2025 live: Rachel Reeves sets out tax rises and council tax changes as OBR apologises for leaking details

Office for Budget Responsibility blames ‘technical error’ after forecasts were published before chancellor gave her statementAt a glance: the key points from the budgetPaul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

2 w. ago How the Budget affects YOU: Cash ISAs, income tax, pensions and benefits

Rachel Reeves's second Budget has been revealed ahead of time by the unexpected early publication of the Budget watchdog's analysis.

Economics

2 w. ago Budget 2025: Key points on Reeves tax, pensions and benefits plan after details leaked in shock blunder

The Chancellor told the Commons how she is launching a £26 billion tax raid as she unveiled some giveaways to tackle the cost-of-living crisis

Economics

2 w. ago Budget 2025 live: Income tax thresholds to be frozen for three years in budget, OBR leak indicates

Forecasts from the Office for Budget Responsibility were accidentally published before Rachel Reeves gives her statementUK borrowing costs fall after early release of budget forecasts – business liveCould you do better than Reeves? Play our gamePaul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

2 w. ago Budget 2025 live: Rachel Reeves says tax and spending changes based on ‘fair and necessary’ choices

Chancellor to deliver fiscal statement, billed as decisive moment for fate of Starmer government, at 12.30pmTax, pensions, savings: what to expect in the budgetReeves’s high-stakes budget in five key chartsCould you do better than Reeves? Play our gameYesterday the Metropolitan police said they were not allowing a planned protest in Westminster by farmers to coincide with the budget. Farmers have been protesting regularly about the decision announced in Rachel Reeves’ budget last year to extend inheritance tax to farms.The decision was criticised by the Conservative party, who said originally the Met had indicated the protest would be allowed. Last night Victoria Atkins, the shadow environment secretary, issued a statement saying:It doesn’t smell right, particularly when we think of the regular and frequent protests that are allowed in SW1 which inconvenience motorists, residents and businesses without consideration. Is this to save the chancellor embarrassment ahead of her budget o...

Economics

2 w. ago Budget 2025: Income tax rate will not rise, signals minister

Chief Secretary to the Prime Minister Darren Jones makes clear the Government has ruled out a manifesto-busting increase in income tax

Politics

2 w. ago Hospitality bosses hit out at "yet another" above inflation hike in minimum wage in 2026

It also comes as firms are still reeling from Reeves' £25billion raid on employers' National Insurance in last year's Budget.

Economics

2 w. ago Minimum wage rise: Nine things to know as Rachel Reeves expected to raise rates in Budget

Chancellor Rachel Reeves is expected to make a major new minimum wage announcement in today's Budget, giving millions of Brits a potentially significant pay rise

Politics

2 w. ago Martin Lewis issues urgent warning for workers on minimum wage

Almost 400,000 people on minimum wage should check that they are not being underpaid, Martin Lewis has explained.

Events