4 d. ago SNP urged to cut tax for talented overseas workers to 'attract skills and investment'

SNP ministers have been told to realign income tax thresholds with the rest of the UK.

Economics

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

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 Anyone earning under £35,000 given new £200 warning by experts

Workers earning under £35,000 could lose take-home pay due to frozen income tax thresholds extended for three more years, Resolution Foundation analysis warns

Events

3 w. ago Reeves’ stealth tax hits low earners harder than ‘sensible’ income tax change, says top think tank

People earning less than £35,000 a year will pay more than if chancellor had raised basic rate by 1p, says Resolution Foundation

Events

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 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 Budget 2025: 1.7 million workers to pay more income tax due to Reeves’s ‘stealth tax’

It will mean £140 more in tax for hundreds of thousands of earners

Economics

3 w. ago Budget 2025: 1.7 million workers to pay higher income tax rates due to Reeves’s ‘stealth tax’

It will mean £140 more in tax for hundreds of thousands of earners

Economics

3 w. ago Budget 2025: What it means for you as Reeves extends income ‘stealth tax’ for three years

It will mean £140 more in tax for hundreds of thousands of earners

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: What it means for you as Reeves extends income ‘stealth tax’ for three years

It will mean £140 more in tax for hundreds of thousands of earners

Economics

3 w. ago Budget 2025 live: Income tax thresholds to be frozen for three years in budget, OBR leak indicates

Forecasts from the Office for Budget Responsibility were accidentally published before Rachel Reeves gives her statementUK borrowing costs fall after early release of budget forecasts – business liveCould you do better than Reeves? Play our gamePaul 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 Budget 2025 LIVE: Early release fiasco reveals income tax thresholds frozen for another THREE years in £26billion tax raid

Office for Budget Responsibility increases its forecast for economic growth this year from 1% to 1.5% but downgraded its forecasts for the following four years

Economics

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