5 d. ago 'Surprisingly poor' John Cleese, 85, is set to buy a house in Bath with his fourth wife

The Monty Python star has lived in Monaco in the past, and more recently in Nevis in the Caribbean, where there's no income tax. Pictured: File photo of the Royal Crescent in Bath

Politics

5 d. ago Voices: ‘The fairest way’ or a ‘political disaster’? Readers split on whether Reeves should raise income tax

Our community is split over whether raising income tax is the fairest way to plug Britain’s £50bn budget gap or a risky move that could harm growth and Labour’s political standing

Politics

5 d. ago Only Fools and Horses voted UK’s favourite sitcom – as Farage fans flock to Del Boy

‘No income tax, no VAT’– Del Boy’s manifesto proves a hit with Reform voters in new sitcom poll

Politics

5 d. ago Dire economic crosswinds mean Rachel Reeves must raise income tax

Editorial: Despite interest rates being brought to their lowest level in more than two years, a combination of meagre economic growth, high government spending and U-turns over proposed welfare cuts has trapped Labour in a fiscal straitjacket. But the chancellor must remember that good policy is good politics

Economics

5 d. ago Scottish Secretary Ian Murray gives wealth tax verdict as deputy prime minister Angela Rayner pushes for move

The Scottish Secretary said a tax on the highest income earners would lead to ‘flight’ of wealthier people abroad.

Politics

7 d. ago Starmer opens door to income tax rise in autumn Budget as pressure to fill £50bn hole mounts

Labour prime minister pledged that plans to be set out in the autumn would make ‘sure people feel better off’

Economics

7 d. ago Starmer refuses to rule out tax rises in autumn as he faces growing pressure to fill £50bn budget black hole

Labour prime pledged that plans to be set out in the autumn would make ‘sure people feel better off’

Economics

7 d. ago Voices: Rachel Reeves must learn a hard lesson from Labour history – wealth taxes simply don’t work

Taxing unearned income is no way for the chancellor to plug her £41bn spending black hole – the better-off are best placed to find a way around paying it, says Chris Blackhurst

Economics

7 d. ago Voices: ‘The whole tax system needs radical reform’: Readers weigh in on Reeves’ fiscal trilemma

Our community is split on how Rachel Reeves should resolve her fiscal trilemma, with readers divided between raising taxes, cutting spending, relaxing borrowing rules or boosting growth through closer EU ties

Politics

7 d. ago Keir Starmer kicks back at dire tax rise warning as experts find '£41billion black hole'

Keir Starmer says he 'does not recognise' figures from think-tank the National Institute of Economic and Social Research (NIESR), which suggested Rachel Reeves needs to raise billions in extra taxes in the Budget

Economics

7 d. ago Rachel Reeves faces ‘impossible trilemma’ and must raise taxes or cut spending to plug £50bn black hole

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

Economics

7 d. ago ‘Worrying’ levels of screen time means young people losing confidence to socialise in person, minister warns – UK politics live

Culture secretary Lisa Nandy says ‘majority of young people spend all, or almost all, of their free time alone in their bedrooms, online’Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic growth and higher-than-expected inflation, according to the National Institute of Economic and Social Research (NIESR), a thinktank. Phillip Inman has the story.Good morning. Keir Starmer is out on a visit today and he will be doing broadcast interviews. It may be the only time we hear from him this week, and there is no shortage of topics that journalists will want to ask him about. By the end of the day we may get new, or newish, lines on Gaza, the “one in, one out” returns deal with France, tax rises and the black hole in the government’s finances (priced at more than £40bn, according to a report from a well-respected thinktank today), Ukraine, the case for and against disclosing suspects’ immigration ...

Politics

7 d. ago Rachel Reeves faces ‘impossible trilemma’ and must raise taxes or cut spending to plug £41bn black hole

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

Economics

7 d. ago Rachel Reeves faces 'impossible trilemma' and must raise taxes in the autumn budget, economists warn

Rachel Reeves must raise taxes or cut spending in the autumn budget to plug a £41billion budget black hole, the National Institute of Economic and Social Research says

Events

7 d. ago Something has to give, chancellor – and that something is income tax

Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

Politics

7 d. ago Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic growth and higher-than-expected inflation, according to a leading thinktank.In a blow to Labour’s hopes of balancing the books without breaking manifesto commitments ruling out personal tax rises, the National Institute of Economic and Social Research (NIESR) said a number of factors would knock off course the chancellor’s plans to stay within Whitehall spending limits. Continue reading...

Economics

7 d. ago Reeves warned of ‘impossible trilemma’ on tax, spending and fiscal rules

Think-tank Niesr urges chancellor to increase income tax rates at her next Budget

Events

8 d. ago HMRC rule change means certain Brits could be pursued for £1,350

The new rules will mean that the threshold for filing a Self Assessment tax return for trading income will rise from £1,000 to £3,000; however, the trading allowance will remain unchanged

Economics

3 w. ago Retirement expert issues warning to people paying basic rate of income tax

Workplace pensions will form the backbone of income for workers in retirement.

Events

3 w. ago New income tax change confirmed by HMRC – will begin next year

Hundreds of thousands of self-employed people are expected to be affected when the changes are implemented in 2026

Economics