2 h. ago Budget 2025 latest: Sugar levy on milkshakes and lattes confirmed as first tax hike in Rachel Reeves’s Budget

Chancellor to unveil series of tax hikes to fill black hole in public finances in highly anticipated Budget on Wednesday

Economics

33 h. ago From Rachel Reeves’s fiscal rules to sitting down in new jeans: Edith Pritchett’s week in Venn diagrams – cartoon

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Politics

8 d. ago Rachel Reeves's stealth tax will cost working families more than £1,000 as Chancellor plots 'smorgasbord' of smaller increases

The Chancellor's plan to freeze income tax thresholds for a further two years will cost higher-earning couples as much as £1,300 in tax and National Insurance, analysis has found.

Economics

3 w. ago Rachel Reeves’s 5% VAT cut on electricity bills will backfire, experts say

Critics believe cut would mostly benefit better-off people with larger homes and increase carbon emissionsProposals being considered by Rachel Reeves to cut tax on electricity bills will backfire, experts have warned, resulting in a giveaway to richer homeowners and undermining the UK’s climate commitments.The chancellor is understood to be looking at plans to eliminate the 5% VAT charge on electricity bills as a fast and simple way to reduce bills for consumers and ease the cost of living pressures that have aided the rise of Reform UK. Continue reading...

Science

3 w. ago Rachel Reeves's workplace pension plot: Chancellor warned against 'reckless' £4billion raid on salary sacrifice schemes

The Labour Chancellor is said to be plotting to remove tax breaks offered to employers and staff that pay money into workplace pensions as she looks to plug a multi billion black hole in public finances.

Economics

3 w. ago Rachel Reeves's husband emails to be published today amid rental house licence row

Downing Street insisted that the Prime Minister still retains confidence in his Chancellor and guaranteed Ms Reeves will deliver the Budget on November 26

Society