27 h. ago Rachel Reeve's ‘milkshake tax’ could hike these drinks prices

Rachel Reeves is set to announce what may be the presumed "milkshake tax" in an effort to fill her £20 billion budget 'black hole' after she reverses her decision to increase income tax

Economics

4 d. ago Rachel Reeves has found £10bn to save herself from imposing unpopular tax hikes

Her about-turn comes after the Office for Budget Responsibility said the black hole in public finances is closer to £20 billion rather than the £30bn originally feared

Economics

4 d. ago Reeves faces 'credibility crisis' as markets batter UK after Labour MPs force U

Markets have been heaping risk premium on UK borrowing after the Chancellor's extraordinary backtrack - which came despite weeks of heavy hints and tough talk.

Events

5 d. ago Personal tax threshold change update as expert issues £843 alert to all workers

The Treasury has appeared to rule out an income tax rise in the 26 November Budget, but extending the current freeze alone would add an extra £843 tax bill to middle earners over the next four years

Economics

5 d. ago Planned income tax rise now set to be scrapped by Rachel Reeves

Her initial plan was expected to see income tax rates increased by 2p but the plans have now reportedly been the subject of a U-turn

Politics

5 d. ago Reeves ditched income tax rise after improved fiscal forecast

Dramatic U-turn ahead of Budget had sparked sell-off in UK government bond market

Politics

5 d. ago Reeves ditched income tax rise after improved UK fiscal forecast

Dramatic U-turn ahead of Budget had sparked sell-off in gilts and pound

Politics

5 d. ago Major update on Rachel Reeves' plan to hike income tax this month

An income tax rise would help her bridge a fiscal black hole estimated by some economists to be as much as £50billion

Politics

5 d. ago How 1million will pay tax for the first time if Budget raid goes ahead – min wage and pensioners will be hit hardest

A MILLION extra people will be dragged into paying income tax if Rachel Reeves presses ahead with a punishing stealth rise, a new report reveals. Pensioners and minimum wage earners face being hit by tax thresholds being frozen for a further two years to help balance the books. Income tax thresholds are frozen until 2028, so...

Economics

7 d. ago Scots tycoons back 'temporary' income tax rise by Labour Government

Willie Haughey and Tom Hunter offered a measured assessment on speculation Chancellor Rachel Reeves is ready to raise tax.

Politics

8 d. ago Use our calculator to check how a 2p income tax rise could hit YOUR finances

HOUSEHOLDS around the UK are bracing themselves for tax hikes in Rachel Reeves' Budget later this month. The Chancellor yesterday once again paved the way to hike income tax in a breach of her manifesto commitment to help plug the nation’s finances. It comes as Labour previously pledged not to increase taxes on "working people"....

Economics

8 d. ago Labour's flagship manifesto pledge on tax to be ripped up, Reeves makes clear ahead of Budget

The Chancellor said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to capital spending, something she indicated she will not do

Economics

9 d. ago Reeves to hammer London and South East with 2.8m facing Budget blow from 2p income tax rise

The Chancellor has been hit by a Labour revolt over breaking the party’s manifesto by raising income tax

Economics

9 d. ago Reeves to hammer London with 1.4 million facing Budget blow from 2p income tax rise

Reeves to hammer London with 1.4 million facing Budget blow from 2p income tax rise  London Evening Standard

Economics

1 week ago HMRC could launch whistleblower reward scheme worth millions at Budget

HMRC is expected to announce the move at the Budget, in a bid to plug a fiscal black hole

Economics

1 week ago How could Rachel Reeves increase income tax in her Budget – and what would it mean for you?

Chancellor reportedly tells watchdog she intends to increase personal tax in one of several ‘major measures’ planned for Budget at end of month

Economics

1 week ago How much an income tax rise would cost you if Rachel Reeves increases it in the Budget

The chancellor's hints at an income tax rise have been met with alarm from some

Economics

1 week ago Rachel Reeves warned not to rely on business taxes to fill Budget black hole

The Confederation of British Industry said the Government ‘cannot pull the business tax lever once again to balance the books’.

Events

1 week ago Labour MPs turn on Rachel Reeves as Chancellor hints at breaking manifesto pledge not to raise income tax

The Chancellor hinted this week that she is considering a manifesto-busting rise in income tax as she grapples with a black hole in the public finances estimated at up to £30 billion.

Politics

2 w. ago How much income tax you'll have to pay if 2p rise announced in Budget

The Chancellor has given her clearest signal yet that she plans to increase income tax

Economics