14 h. ago Spare Brits a ‘hammer blow’ fuel duty hike in Budget, MPs and industry bosses beg Rachel Reeves

RACHEL Reeves is facing a last-ditch plea to spare drivers a fuel duty hike in her tax-raising Budget. The Chancellor is weighing up scrapping the 2022 temporary 5p cut while pressing ahead with a 3p-a-mile charge for EVs. MPs and industry chiefs warn the move would pile costs on families struggling with bills. The AA...

Economics

23 h. ago Disposable income falls for fourth month in a row with a fifth of Brits unable to pay bills ahead of Rachel Reeves' tax raising budget

Low and middle-income families who make up 60 per cent of households face a continued squeeze on discretionary incomes when compared with a year ago, according to Asda's income tracker.

Economics

24 h. ago Cabinet minister admits Labour’s tax rises have driven wealthy out of UK

It comes just days after the prime minister was urged to tackle a ‘dangerous brain drain’ that is harming the UK economy

Politics

27 h. ago Budget 'will revalue 2.4m homes' to raise council tax AND introduce a 'mansion tax' to fund £15bn benefits splurge including axing of two

Chancellor Rachel Reeves is putting the final touches to another grim package, despite promising just a year ago that she would not be back for more taxes.

Economics

48 h. ago Billionaire steel tycoon Lakshmi Mittal quits Britain amid Rachel Reeves' tax raid on the super

The Indian-born steel tycoon will now reportedly spend much of the future in Dubai and is registered as a resident in Switzerland for tax.

Economics

3 d. ago Facing facts on property tax: Rachel Reeves’s Budget options as she hunts for billions

With Labour’s Budget imminent, the chancellor faces a £22bn hole and a narrowing set of promises on tax. Property, long the quiet corner of the system, may finally be in her sights. Here Sean O’Grady and Albert Toth analyse the options available to Reeves

Economics

3 d. ago Why 'it's the Brexit, stupid' should be the political slogan of our times

As Chancellor Rachel Reeves prepares the Budget, she’s missing an estimated £40 billion a year in tax revenues because the UK left the European Union

Politics

3 d. ago Rachel Reeves needs to put cutting household energy bills at forefront of budget

Record View says if the government doesn't bring gas and electricity bills down, voters will wonder if Labour are serious about the cost-of-living crisis.

Economics

5 d. ago Budget 2025: Is Rachel Reeves planning to raise income tax next week?

Rachel Reeves will announce the full extent of her plans for the economy at the Autumn Budget

Economics

7 d. ago Ken Clarke tells Rachel Reeves to raise income tax in her budget

The former chancellor has also warned that pre-budget briefing as left an ‘air of gloom’ over the economy

Economics

8 d. ago Can a car be a safe haven for your cash? The most collectable modern classics under £25,000

With Britons preparing to protect their savings from a tax-raising Autumn Budget, a classic car could be a far more interesting alternative to piling money into cash and investment Isas or pensions.

Economics

9 d. ago Savers could face £200 HMRC bill even if income tax isn't raised in Budget

Savers have been urged to think through their finances ahead of the Autumn Budget

Economics

1 week ago Rachel Reeves is right not to raise income tax and must deliver Budget for us all

"Reeves is right not to raise income tax. Now she must deliver a Budget for us all."

Economics

1 week ago Reeves dumps plan to raise income tax in screeching Budget U

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

Economics

1 week ago UK borrowing costs up after markets spooked by Reeves’s income tax U

Pound down 0.5% against dollar in early trading after chancellor drops plans for upcoming budgetUK politics live – latest updatesBritain’s borrowing costs have jumped while the pound has dropped after the chancellor’s extraordinary last-minute decision to ditch tax-raising plans in the upcoming budget.Interest rates on government bonds rose by more than 10 basis points in early trading, putting them on track for their worst day since 2 July, when investors responded to a tearful appearance by Rachel Reeves in the House of Commons chamber. The pound, meanwhile, dropped 0.5% against the dollar. Continue reading...

Economics

1 week ago Rachel Reeves abandons plan to raise income tax in screeching Budget U

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

Economics

1 week ago Rachel Reeves to abandon plans to raise income tax rates in budget

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wake of turmoil in the party.A source told the Guardian that plans to break the manifesto pledge on income tax had been ditched by the prime minister, Keir Starmer, and the chancellor. Continue reading...

Economics

1 week ago Rachel Reeves ‘abandons plans to hike income tax’ in Budget as families to avoid being stung for thousands of pounds

RACHEL Reeves has axed plans to raise income tax at the Budget, it has been reported. The Chancellor was expected to hike income tax in a breach of her manifesto commitment to help plug the nation’s finances. But it is understood she has now ditched those plans amid fears it could alienate voters and backbench Labour MPs, as reported...

Economics

1 week ago Rachel Reeves ‘set to ditch plan to raise income tax’ in Budget

Chancellor reportedly set to abandon income tax hike plan amid fears move could anger voters

Economics

1 week ago Jet2 boss urges Chancellor against raising travel tax ahead of Budget

Exclusive: ‘People want to be looked after, forget about daily life, and just relax,’ says CEO Steve Heapy

Economics