4 h. ago Ken Clarke tells Rachel Reeves to raise income tax in her budget

The former chancellor has also warned that pre-budget briefing as left an ‘air of gloom’ over the economy

Economics

12 h. ago Labour's Budget 'circus' has crushed growth hopes, former BoE chief warns as markets get jitters over Chancellor's income tax hike U

Andy Haldane, who was chief economist at the Bank, delivered a scathing verdict on the shambolic process after the Chancellor's humiliating U-turn on hiking income tax.

Events

14 h. 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

17 h. ago Chancellor's Budget raid will make 500,000 more people in London and South East pay 40% income tax rate

Rachel Reeves is set to impose a ‘stealth tax’ in her Budget on November 26 with a further two-year freeze on income tax thresholds

Economics

17 h. ago Reeves Budget raid will see 260,000 more Londoners paying 40% income tax rate

Reeves Budget raid will see 260,000 more Londoners paying 40% income tax rate  London Evening Standard

Economics

17 h. ago 500,000 more people in London and South East to pay income tax higher rate by 2029 with Reeves Budget raid

The Chancellor is set to impose a ‘stealth tax’ in her Budget on November 26 with a further two-year freeze on income tax thresholds

Economics

34 h. ago Millions of workers, savers and pensioners face brutal assault in Budget with Reeves poised for 'stealth' raids after ditching 'up

Chancellor Rachel Reeves looks set to keep the long-running freeze on thresholds in place for another two years, despite humiliatingly dropping plans to increase income tax.

Economics

47 h. ago Savers could face £200 HMRC bill even if income tax isn't raised in Budget

Savers have been urged to think through their finances ahead of the Autumn Budget

Economics

58 h. ago New personal tax thresholds £12,570 update as 'two year' plan emerges

Rachel Reeves is expected to announce a number of tax rises in the budget on November 26, after ditching plans to hike income tax

Economics

67 h. ago Rachel Reeves is right not to raise income tax and must deliver Budget for us all

"Reeves is right not to raise income tax. Now she must deliver a Budget for us all."

Economics

3 d. ago The Chancellor's lost control: Rachel Reeves accused of presiding over most shambolic Budget in history after humiliating U

The Chancellor spent weeks laying the ground for a manifesto-breaking hike in taxes for millions of workers in this month's Budget , before sparking chaos in the City by performing a shock U-turn.

Politics

3 d. ago Reeves' 'sums of anarchy' in 'most chaotic Budget ever': How you could still pay £750 more on £50,000 salary even without an income tax hike

The Treasury has made clear that income tax rates will not be increased on November 26, despite weeks of heavy hints about the first rise for 50 years.

Economics

3 d. ago Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bnThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Politics

3 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

3 d. ago Streeting says striking doctors ‘extremely irresponsible’ in angry phone

Health secretary unhappy as resident doctors in England have started a five-day strike todayThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Events

3 d. ago Anarchy in government as PM's 'nemesis' Wes Streeting celebrates Reeves' humiliating income tax U

Health Secretary Wes Streeting - seemingly emboldened by a botched Downing Street 'hit job' on his leadership ambitions this week - has publicly declared that he had not supported the move.

Politics

3 d. ago Reeves dumps plan to raise income tax in screeching Budget U

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

Economics

3 d. ago FTSE 100 Live 14 November: Index weakens, banks and builders fall amid tax u

Chancellor Rachel Reeves has reportedly abandoned plans to raise income tax on November 26.

Economics

3 d. ago Starmer and Reeves drop proposal to increase income tax rates in Budget

U-turn on measures to raise revenue to fill fiscal hole sparks sell-off in gilt market

Economics

3 d. ago Markets get jitters after Reeves DROPS Budget plan to hike income tax amid panic that Labour MPs will oust Starmer but she could slash thresholds instead to fill £30bn black hole

The Pound has already taken a hit after the extraordinary U-turn emerged overnight, following weeks of signals that the move would go ahead.

Economics