17 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

22 h. ago Personal tax thresholds £12,570 update as change 'in weeks' planned

Chancellor is set to make key changes in the Budget according to reports

Economics

30 h. ago Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

Politics

38 h. ago Raise personal tax allowance for state pensioners from £12,570 update as key threshold looms

Concerns are growing that Chancellor Rachel Reeves could freeze the threshold for longer - meaning those on basic pensions would pay tax

Economics

41 h. 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

41 h. 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

43 h. 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

45 h. 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

45 h. ago Markets hammer Reeves after she 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

54 h. 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

54 h. ago One in four to pay UK higher rate of tax if thresholds stay frozen, research shows

Extending the freezes beyond 2028 would raise £8.3bn in 2029-30, the Institute for Fiscal Studies estimates

Economics

54 h. 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

8 d. 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

8 d. ago Tax raid on UK partnerships to be less aggressive than feared

Senior City figures have been reassured that accountancy and law firms will not pay full national insurance rate

Politics

9 d. ago Rightmove issues update to mortgage holders as interest rates held at 4 per cent

Changes to the Bank’s base rate can impact how much interest you’ll pay on loans, including mortgages

Politics

1 week ago Calls for Government to raise Personal Allowance tax threshold to £20,000

More than 10,000 people have signed a petition urging the Government to increase the Personal Allowance tax threshold from 12,570 to 20,000

Economics

1 week ago New update on calls for £20,000 Personal Allowance to stop people paying ‘ridiculous’ tax amounts

Thousands of people have signed an online petition calling for the UK Government to unfreeze the income tax threshold.

Economics

1 week 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 Public service productivity tumbles at fastest rate in nearly three years after Labour's pay and spending splurges

Chancellor Rachel Reeves is preparing to blame Brexit and Tory austerity for another grim package of tax hikes in the Budget on November 26.

Economics

1 week ago Blow for millions of families as BBC licence fee is set to be hiked to more than £180 a YEAR

TV viewers already pay an annual rate of £174.50, which is on course to increase by almost £7 in the spring.

Economics