15 h. ago Martin Lewis issues new State Pension tax update and adds 'nobody picked up on it'

Personal finance expert has warned that State Pension recipients with any additional income will face tax from 2027 due to £12,570 rule

Economics

6 d. 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

6 d. ago Workers who defer state pension for a year risk being hit by a surprise £828 tax bill by 2030

WORKERS who defer their state pension for just a year risk being hit by a surprise £828 tax bill by 2030 owing to a Budget carve-out. The freeze on income thresholds till 2031 led to fears millions would be forced to start paying when pensions pass the £12,750 personal allowance. Chancellor Rachel Reeves has since...

Economics

1 week ago Minimum wage graduates could make student loan repayments by 2030 after Budget threshold freeze

The Chancellor froze student loan repayment thresholds until 2030 on plan 2, meaning more low earners will start repaying 9% of their salary sooner.

Economics

1 week 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

1 week 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

1 week ago Rachel Reeves says budget will cut living costs after shock OBR leak

Chancellor unveils action on energy bills, rail fares and two-child benefit cap as she reveals £26bn tax risesHow does freezing tax thresholds affect your tax bill?Budget 2025: key points at a glanceRachel Reeves has declared her budget will slash living costs for millions including ending the two-child benefit limit and cutting energy bills, but taxes are set to soar by £26bn to plug a gaping shortfall in the public finances.Major measures in the budget leaked early in a shock accidental release by the Office for Budget Responsibility (OBR), triggering an instant bond market reaction an hour before the chancellor was on her feet in the House of Commons. After months of speculation, Reeves said her measures would put the public finances on a sustainable path while building “a fairer, a stronger, a more secure Britain” by tackling inflation and investing in large infrastructure projects. Continue reading...

Economics

1 week ago Live: Reeves asks ‘everyone to make contribution’ in Budget tax threshold freeze

The OBR has apologised after the unprecedented early release of its economic and fiscal outlook document ahead of the Budget.

Economics

2 w. ago What is the ‘stealth’ rise in income tax and how will it affect me after the Budget?

The prime minister refused to rule out income tax thresholds being frozen – which could lead to people paying more

Economics

2 w. ago Keir Starmer refuses to rule out Putin's Russia rejoining the G7 if the war in Ukraine ends

The Prime Minister told MPs there is 'a tough road ahead' to end the war started by Russia, but that the UK is 'more committed than ever to this cause'.

Politics

2 w. ago Andy Burnham won't rule out Labour leadership bid as pressure grows on Keir Starmer

Andy Burnham refused to rule out standing against Keir Starmer for leadership of the Labour Party, as rumours continue to grow about the future of the Prime Minister

Events

2 w. ago What would a Budget extension to the freeze in tax thresholds mean?

Rachel Reeves expected to prolong ‘stealth’ tax policy first introduced under previous Conservative government

Economics

2 w. ago Andy Burnham refuses to rule out challenging Keir Starmer as PM amid leadership coup speculation

Asked whether he could rule out challenging the prime minister, Andy Burnham repeatedly dodged the question

Politics

2 w. ago Starmer refuses to rule out freeze on income tax thresholds in Budget

Labour prime minister under pressure from Conservative leader Kemi Badenoch

Economics

2 w. ago Keir Starmer refuses to rule out income tax thresholds freeze at Budget

The Prime Minister dodged questions about the Chancellor’s plans at PMQs

Economics

2 w. ago Starmer refuses to rule out freeze on income tax thresholds ahead of Budget

The Prime Minister declined to answer numerous questions from Kemi Badenoch on the issue.

Economics

2 w. ago Starmer refuses to rule out freezing income tax thresholds in Budget

Starmer facing questions in Commons ahead of crunch Budget next week

Economics

3 w. ago Budget 2025: Reeves set to drop tax hikes in favour of threshold freezes

Millions may face higher bills as frozen tax bands quietly push more income into taxation 💸

Economics

3 w. 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

3 w. ago 'Stealth tax' alert: Reeves Budget to make record 10m pay Income Tax higher rate if she freezes thresholds

A further two-year freeze on Income Tax thresholds would drag 790,000 more people into paying the 40% higher rate, according to the IFS

Economics