33 h. ago More than 1mn paid highest rate of tax last year due to frozen thresholds

Fiscal drag accounts for two-thirds of those paying the additional rate of income tax

Politics

4 d. ago How a Zohran Mamdani policy could transform New York and beyond by eliminating costly issue affecting millions

To fund his policies, Mamdani has proposed an increase of the state’s corporate tax rate and raising the city’s income tax by 2 percentage points on New Yorkers earning more than $1 million a year

Economics

4 d. ago I won't quit even if I break my promise not to raise tax, Rachel Reeves says

The Chancellor hinted she is considering the first rise in the basic rate of income tax for half a century, saying 'we will all have to contribute' at the November 26 Budget.

Politics

5 d. ago Anas Sarwar challenges John Swinney to use £1 billion underspend as Holyrood braces for UK Budget

The rate of income tax paid by workers in Scotland is set by Holyrood but a hike elsewhere in the UK could still have a negative impact on public spending north of the Border.

Economics

5 d. ago See how much Income Tax hike could cost YOU as Reeves 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

1 week 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

2 w. ago Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Economics

2 w. ago Stealth inheritance tax rises lead to record £4.4bn take for Treasury

The boost to the government’s coffers is in part due to frozen thresholds which have remained in place for years

Economics

2 w. ago Inheritance tax receipts on track to reach record high this year as frozen thresholds drag more people into the net

IHT is expected to deliver the Treasury a record £9.1bn this tax year, the Office for Budget Responsibility forecast earlier this year.

Politics

2 w. ago For all Blair's faults, he presided over growth Reeves would die for. So why won't she take his advice and lower the top rate of tax? STEPHEN GLOVER

Let us try, in a charitable spirit, to enter the mind of Rachel Reeves and see whether we can help her, writes STEPHEN GLOVER.

Events