65 h. ago SNP urged to cut tax for talented overseas workers to 'attract skills and investment'

SNP ministers have been told to realign income tax thresholds with the rest of the UK.

Economics

1 week ago Stealth tax raid hits incentives to work, save and even stay in the UK, warns Budget watchdog

David Miles, from the Office for Budget Responsibility (OBR), suggested Rachel Reeves' freeze on income tax thresholds would weigh on growth in the economy.

Events

2 w. ago Sultana attacks the monarchy, Israel and ‘pathetic’ Labour in Your Party speech – UK politics live

MP speaks to delegates in Liverpool after boycotting conference yesterdayKemi Badenoch has reiterated her calls for the chancellor to resign on the BBC’s Sunday with Laura Kuenssberg programme, after accusing Rachel Reeves of breaking promises not to raise taxes.In this year’s budget, Reeves froze tax thresholds for three years longer than previously planned, meaning that as wages rise more people will have to start paying income tax.The chancellor called an emergency press conference telling everyone about how terrible the state of the finances were and now we have seen that the OBR had told her the complete opposite. She was raising taxes to pay for welfare.The only thing that was unfunded was the welfare payments which she has made and she’s doing it on the backs of a lot of people out there who are working very hard and getting poorer. And because of that, I believe she should resign.The shadow chancellor, Mel Stride, has written to the FCA (the Financial Conduct Authority). Hop...

Politics

2 w. ago Sultana addresses Your Party conference after securing ‘collective leadership’ victory – UK politics live

MP speaks to delegates in Liverpool after boycotting conference yesterdayKemi Badenoch has reiterated her calls for the chancellor to resign on the BBC’s Sunday with Laura Kuenssberg programme, after accusing Rachel Reeves of breaking promises not to raise taxes.In this year’s budget, Reeves froze tax thresholds for three years longer than previously planned, meaning that as wages rise more people will have to start paying income tax.The chancellor called an emergency press conference telling everyone about how terrible the state of the finances were and now we have seen that the OBR had told her the complete opposite. She was raising taxes to pay for welfare.The only thing that was unfunded was the welfare payments which she has made and she’s doing it on the backs of a lot of people out there who are working very hard and getting poorer. And because of that, I believe she should resign.The shadow chancellor, Mel Stride, has written to the FCA (the Financial Conduct Authority). Hop...

Politics

2 w. ago Rachel Reeves accused of misleading voters over £20bn Budget black hole – live updates

The fiscal watchdog said the chancellor knew about its revised prediction well before she changed course to raise taxes

Economics

2 w. ago Rachel Reeves accused of ‘misleading’ UK over £20bn Budget black hole – live updates

The fiscal watchdog said the chancellor knew about its revised prediction well before she changed course to raise taxes

Economics

2 w. ago Britain's biggest stealth tax to cost families £340BILLION with more than 10million paying higher rates

Rachel Reeves this week extended the freeze on income tax thresholds for another three years to help fund extra spending on benefits - hitting millions of working people in the process.

Economics

2 w. ago Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Events

2 w. ago Starmer says budget did not break manifesto tax pledge and scrapping two

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy ...

Economics

2 w. ago Budget 2025 live: Starmer says ‘everyone must contribute’ as he defends Rachel Reeves’ tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Economics

2 w. ago Anyone earning under £35,000 given new £200 warning by experts

Workers earning under £35,000 could lose take-home pay due to frozen income tax thresholds extended for three more years, Resolution Foundation analysis warns

Events

2 w. ago Reeves should have included more tax reform in budget to help growth, IFS thinktank says – UK politics live

Institute for Fiscal Studies director says chancellors continue to ‘shy away from meaningful tax reform that could move the dial’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’ Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any lo...

Politics

2 w. ago Budget 2025 live: IFS accuses Rachel Reeves of breaking tax manifesto promise in damning Budget verdict

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Economics

2 w. ago Reeves’ stealth tax hits low earners harder than ‘sensible’ income tax change, says top think tank

People earning less than £35,000 a year will pay more than if chancellor had raised basic rate by 1p, says Resolution Foundation

Events

2 w. ago Reeves dismisses Tory claims of ‘Benefits Street budget’ – UK politics live

Chancellor says 60% of families that will be better off after the two-child limit is scrapped are in workAsk the Guardian your budget questionsBudget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any longer. And the cost to society of this is huge, the cost for counci...

Politics

2 w. ago More than 500,000 people in London and South East to be dragged into paying 40% income tax after Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

Economics

2 w. ago Budget 2025 live: OBR chief warns Rachel Reeves none of her measures boost growth as chancellor defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Events

2 w. ago Income tax thresholds £12,570 update as impact shows £759 extra 'for poorest workers'

Chancellor Rachel Reeves has extended the freeze on income tax bands until April 2031, raising £7.6 billion and pulling 1.7 million more people into paying higher rates

Economics

2 w. ago Budget 2025 live: Rachel Reeves admits ‘working people will pay more’ but denies breaking manifesto tax pledge

Tory leader Kemi Badenoch brands package of measures ‘a smorgasbord of misery’ and urges chancellor to resign

Economics

2 w. ago The strivers hit hardest: As Reeves' Budget clobbers workers, the Britons who say it's a 'kick in the teeth' and 'I wish I hadn't bought an EV'

The Chancellor bowed to Left-wing demands and shattered Labour's manifesto pledges on tax with a £13billion freeze on income tax and National Insurance thresholds lasting three years.

Economics