2 w. 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 Call for ministerial code probe into John Swinney's 'blatant lies' over SNP tax increases

The SNP’s Holyrood manifesto vowed to “freeze income tax rates and bands” until 2026.

Politics

2 w. ago John Swinney ‘lied & breached ministerial code’ claims rivals as they call for probe

JOHN Swinney should face a probe into whether his own budget “lies” have breached the ministerial code, the Tories demanded. The First Minister has repeatedly refused to admit the SNP breached their 2021 election promise to freeze income tax rates and bands, despite hiking the levies twice. The Scottish Tories have now written to the...

Politics

3 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

3 w. ago Martin Lewis: Income tax freeze 'breaks spirit of Labour manifesto and 1p rise would be less damaging'

In her Budget on Wednesday, Rachel Reeves announced £26 billion of tax rises

Politics

3 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

3 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

3 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

3 w. ago Stealth tax raid will see a MILLION more pensioners dragged into paying income tax

A million more pensioners will be dragged into paying income tax after Rachel Reeves confirmed she would extend the freeze on thresholds for another three years.

Economics

3 w. ago With a smirk that says if you work hard and save prudently I'm coming for you, Reeves launches 43 tax rises in spiteful raids on strivers

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

Economics

3 w. ago Budget 2025 live: Reeves claims freezing tax thresholds in budget does not breach manifesto pledge

Chancellor says she will not ‘get into semantics’ when questioned on issue after her statementAt a glance: the key points from the budgetHow does freezing income tax thresholds affect you?Paul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

3 w. ago Freeze to income tax thresholds extended to 2031 – what does it mean for me?

It means the current income tax bands will stay as they are until at least April 2031, for taxpayers in England, Wales and Northern Ireland.

Politics

3 w. ago Budget 2025 LIVE: Chancellor Rachel Reeves admits people are 'angry' over economy ahead of tax raid statement

A ‘mansion tax’, income tax threshold freeze extension and pay-per-mile levy for electric vehicle drivers are among the measures the Chancellor is expected to announce today

Economics

3 w. ago Damned by her own words: All the promises Rachel Reeves made on tax as Chancellor prepares to break them in Budget

Ms Reeves is widely expected to freeze income tax thresholds when she addresses the Commons at lunchtime, a move criticised as a 'stealth tax' that hits strivers on the quiet.

Economics

3 w. ago Budget 2025 LIVE: Chancellor Rachel Reeves to announce tax and spending plans in critical moment for Labour and UK economy

A ‘mansion tax’, income tax threshold freeze extension and pay-per-mile levy for electric vehicle drivers are among the measures the Chancellor is expected to announce today

Economics

3 w. ago Britons brace for highly uneven impact of Rachel Reeves’ ‘stealth tax’

Use the FT’s interactive calculator to understand how a further freeze to income tax thresholds could affect you

Events

3 w. ago Britons brace for highly uneven impact of Reeves’ ‘stealth tax’

Use the FT’s interactive calculator to understand how a further freeze to income tax thresholds could affect you

Events

3 w. ago Personal tax threshold minimum wage £759 update as change 'in days'

Chancellor Rachel Reeves is reportedly about to freeze income tax thresholds including the lowest £12,570 for two more years

Economics

3 w. ago Autumn Budget 2025: Live updates as Chancellor Rachel Reeves set to hit Londoners with tax rises

A ‘mansion tax’, income tax threshold freeze extension and pay-per-mile levy for electric vehicle drivers are among the measures the Chancellor is expected to announce

Economics

3 w. ago 10 million pensioners could pay income tax by 2030 if Budget freeze confirmed

If the Chancellor were to extend the freeze on income tax thresholds for another two years, an extra half a million state pensioners would pay income tax

Economics