4 h. ago Budget 2025: Reeves set to drop tax hikes in favour of threshold freezes

Millions may face higher bills as frozen tax bands quietly push more income into taxation 💸

Economics

50 h. ago What pension changes is Rachel Reeves considering in the budget?

One possible alteration was thought to be tax-free cash drawdowns, but the chancellor may have turned to salary sacrifice schemesRumours about what Rachel Reeves may, or may not, do to pensions in the budget continue to swirl.One much-debated possible change – cutting the amount of tax-free cash that people can take from their pensions – is said by some to be off the table, but reports have emerged that the chancellor has “salary sacrifice” pension schemes in her sights. Continue reading...

Economics

3 d. ago Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bnThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Politics

3 d. ago Streeting says striking doctors ‘extremely irresponsible’ in angry phone

Health secretary unhappy as resident doctors in England have started a five-day strike todayThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Events

5 d. ago Six big changes to expect from Reeves’ Budget and how they’ll impact your finances

Income tax, pensions, the cash ISA and more could all be set for notable alterations

Economics

6 d. ago 2025 Budget: Rachel Reeves hints at UK tax increases despite election promise

Millions of UK workers could see more of their wages taxed 💷

Politics

1 week ago 2025 Budget: Rachel Reeves' November UK tax increases explained and what it could cost you

A £50bn gap in the public finances could leave ordinary Brits paying more tax 💸

Economics

1 week ago Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – UK politics live

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax risesBusiness live: UK borrowing costs fall and pound hits six-month lowReeves says welfare needs to be reformed.There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment. I put our public finances back on a firm footing, provided an urgent cash injection into a faltering public services and began rebuilding our economy.But since that budget, the world has thrown even more challenges our way. Continue reading...

Politics

1 week ago Reeves says UK has suffered ‘years of economic mismanagement’ in speech preparing ground for tax rises – politics live

Chancellor says she is focused on priorities for British people and previous governments have limited UK’s potentialReeves says welfare needs to be reformed.There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment. I put our public finances back on a firm footing, provided an urgent cash injection into a faltering public services and began rebuilding our economy.But since that budget, the world has thrown even more challenges our way. Continue reading...

Economics

1 week ago Rachel Reeves to set out Budget priorities as major think tank warns tax rises are ‘inevitable’

The chancellor’s address is set to come after weeks of expectation management and growing reports of planned tax rises as she scrambles to fill a black hole of up to £50bn in the public finances

Events

2 w. ago Starmer to face cabinet backlash if he breaks manifesto pledge on income tax

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

Politics

2 w. ago 2025 Budget: 5 UK Autumn Budget and Rachel Reeves predictions I think will hit your wallet hard in November

A banking expert shares her insight into what could shape the nation’s finances this Autumn 🍂

Events

2 w. ago Ministers can raise taxes if they come out fighting. But no one in this cowardly Labour government seems able | Aditya Chakrabortty

Ahead of the budget, Rachel Reeves should be out making her arguments. Instead, there is silence – and a huge opportunity for Labour’s opponentsScroll back three years. The person sitting opposite me is yet to take their place at the top of Keir Starmer’s government. Instead, they are a star of the Labour opposition, for whom power advances or recedes with every poll and front page. They have just done a spot of electoral marketing, a photo op at a supermarket 100 or so miles from Westminster, and what they’ve brought home is the politics of the staff.“They’d all voted for Boris.”Aditya Chakrabortty is a Guardian columnist Continue reading...

Politics

3 w. ago Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Economics

3 w. ago UK inflation – live: Relief for Reeves ahead of Budget as inflation rate unexpectedly sticks at 3.8%

Economic news plus latest business, stock market and personal finance updates from Wednesday

Economics

3 w. ago UK inflation unexpectedly remains at 3.8% for third month in a row

Annual September rate confounds forecasts of a rise, as pace of food price growth slows for first time since MarchBusiness live – latest updatesUK inflation was unchanged last month at 3.8%, confounding expectations of a rise, in welcome news for the chancellor, Rachel Reeves, as she plans for her crucial budget next month.The Office for National Statistics (ONS) said that inflation measured on the consumer prices index remained at the same level in September as in August and July. Continue reading...

Economics

3 w. ago UK inflation – live: New rate to be announced today as Budget looms

Economic news plus latest business, stock market and personal finance updates from Wednesday

Economics