11 h. ago Million Brits facing Council Tax hike as Rachel Reeves could double some bills

Plans could see bills for a Band G home jump from £3,800 to £7,600 and Band H properties soar from £4,560 to £9,120 - but some bills could rocket to £10,800 a year

Economics

53 h. ago Ed Miliband slammed for sneakily increasing Labour’s hated boiler tax punishing hard

ED Miliband was yesterday accused of punishing hard-up households — as he sneakily increased Labour’s hated boiler tax. His Net Zero diktat forces boiler-makers to pay fines if they fail to sell enough eco-friendly but pricey heat pumps. And now the Energy Secretary has quietly raised their target from six to eight per cent of...

Politics

60 h. ago Would Rachel Reeves dare to hike income tax? This is Money Podcast

Despite assurances that Labour would not break its election manifesto by hiking income tax , it appears it is under consideration for the Autumn Budget.

Economics

68 h. ago House prices edge higher in October, says Nationwide as market remains 'resilient' in face of Budget tax hikes

House prices edged higher this month, according to the latest figures from Nationwide Building Society.

Economics

3 d. ago Voices: ‘Tax the wealthy, not the workers’: Readers divided on how Reeves should tackle £20bn Budget blackhole

Our community is divided over reports Rachel Reeves’ is set to hike income tax by 2p, with some supporting higher taxes on the wealthy as fair and necessary, while others warn it could harm low-income earners, pensioners, and overall economic growth

Economics

3 d. ago Panicking Reeves 'could cripple economy with 2p income tax hike'

Chancellor Rachel Reeves could effectively torch the Labour manifesto as analysts warn that she needs to fill a black hole in the public finances of up to £50billion.

Economics

4 d. ago See how much Income Tax hike could cost YOU as Starmer refuses to rule out rises

You currently pay the basic 20% rate of Income Tax when you earn above £12,570, then the higher rate of 40% income tax kicks in on earnings above £50,270

Economics

4 d. ago John Swinney rules out income tax hike in upcoming Scottish Budget

The First Minister restated his commitment not to increase the tax

Economics

4 d. ago Fresh tax hikes top Budget fears among London small businesses

The percentage of owners predicting growth falls to 36%, lowest level since first quarter of 2021.

Economics

5 d. ago Businesses cannot bear the brunt of more tax hikes, CBI warns as Reeves faces a £50BILLION black hole

The Confederation of British Industry (CBI) said uncertainty about the forthcoming Budget was weighing on sentiment, leaving firms to delay decisions until they receive further clarity

Economics

5 d. ago Leave betting alone & stop spending billions on migrant hotels, punters blast as planned tax rise threatens high street

THOUSANDS of bookmakers will disappear from high streets if Chancellor Rachel Reeves puts up sports betting tax in the Budget — risking countless jobs. MPs from across the political divide warn a huge tax hike will cripple the industry and millions will no longer be able to go to shops — where the average bet...

Economics

5 d. ago Former Paddy Power boss calls for gambling tax hikes to deter harmful betting

Stewart Kenny also accused firms of ‘scaremongering’ over warnings about gambling tax hikes.

Economics

7 d. ago HMRC can 'hike tax bill' if you make 1 error when claiming expenses

HMRC have the powers to hike your tax in some instances. If you fail to complete a simple financial task, it could impact your wallet in more ways than you may realise

Economics

7 d. ago How much would Labour's plan to increase income tax cost YOU? Find out how your pay will be hit if Chancellor goes through with plan to hike levy by a penny

The Chancellor is said to be considering ripping up the party's election pledge not to raise income tax paid by millions of Britons as she struggles to get a grip on public spending.

Economics

8 d. ago Cost of living blow as Britain's biggest supermarkets warn Reeves' tax hike plans will lead to food price rises

In a stark letter to the Chancellor, the nine major grocers said growing cost pressures meant grocery prices had been rising over the past year and were expected to rise further.

Economics

8 d. ago London's spirit distilleries being 'crushed' by Government hikes in alcohol duty, Chancellor warned

In anticipation of the upcoming budget, the distillers call duty rises ‘crushing’

Events

9 d. ago Household savings hit record £2.2trillion as sticky inflation and tax hike fears see cash stockpiled

Savers are sitting on a record £2.2trillion in cash savings despite the Chancellor's efforts to persuade more households to invest their wealth, new data shows.

Economics

1 week ago Tourists in Mallorca and Ibiza face 15 euro tourist tax a DAY as over

Brits heading for the Balearic Islands are facing a huge tourist tax hike with unions pressing for a 15 euro payment per day in the summer months.

Politics

1 week ago Rachel Reeves warned tax hike in Budget could 'force mass closures of bingo halls' across UK

A wave of bingo halls have closed since the Covid crisis - and an industry chief claims a tax rise will kill off many more, after reports the Chancellor could double taxes on bettering firms to 30%

Events

1 week ago M&S boss urges Rachel Reeves to 'change course' to escape 'economic doom loop' of high taxes and weak growth

n a stinking rebuke ahead of next month's Budget, Stuart Machin hit out at the Chancellor's 'catastrophic' £25billion increase in national insurance and called for 'no more' tax hikes.

Economics