10 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

23 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

33 h. ago UK Budget process in ‘complete chaos’, says Scotland’s Finance Secretary

Reports suggest Chancellor Rachel Reeves has scrapped plans to hike income tax.

Economics

35 h. ago Chancellor abandons planned income tax hike because of improved forecasts

The PA news agency understands the strength of tax receipts has improved the numbers from the OBR, allowing for the U-turn.

Politics

37 h. ago Rachel Reeves ditches plans to hike income tax as UK borrowing costs jump

Income tax levels in Scotland are set by Holyrood but spending decisions set by Reeves have a major impact on how much funding is available to the SNP Government.

Economics

37 h. 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

38 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

38 h. ago The taxes Rachel Reeves could raise after income tax hike abandoned

There are many options on the table as the chancellor looks to raise considerable sums

Politics

39 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

39 h. ago FTSE 100 Live 14 November: Stocks and pound weaken amid tax u

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

Politics

40 h. ago Rachel Reeves abandons 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

41 h. ago Major update on Rachel Reeves' plan to hike income tax this month

An income tax rise would help her bridge a fiscal black hole estimated by some economists to be as much as £50billion

Politics

47 h. ago Rachel Reeves to abandon plans to raise income tax rates in budget

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wake of turmoil in the party.A source told the Guardian that plans to break the manifesto pledge on income tax had been ditched by the prime minister, Keir Starmer, and the chancellor. Continue reading...

Economics

47 h. ago Rachel Reeves ‘abandons plans to hike income tax’ in Budget as families to avoid being stung for thousands of pounds

RACHEL Reeves has axed plans to raise income tax at the Budget, it has been reported. The Chancellor was expected to hike income tax in a breach of her manifesto commitment to help plug the nation’s finances. But it is understood she has now ditched those plans amid fears it could alienate voters and backbench Labour MPs, as reported...

Economics

48 h. ago Rachel Reeves ‘set to ditch plan to raise income tax’ in Budget

Chancellor reportedly set to abandon income tax hike plan amid fears move could anger voters

Economics

8 d. ago Bombshell signal Rachel Reeves plans to increase income tax in Budget

Rachel Reeves has reportedly told the Budget watchdog that she is planning to hike income tax in her November 26 statement, in the clearest sign yet of the Chancellor's plans

Economics

1 week ago A MILLION families 'face having council tax DOUBLED' as Rachel Reeves looks to squeeze billions of pounds more out of every middle earner at Budget

Rachel Reeves is said to be looking at dramatically hiking the charge for the top bands amid a welter of measures to squeeze more out of the 'wealthy'.

Economics

2 w. ago How much would Labour's plan to increase income tax cost YOU? Find out how your pay will be hit if Chancellor goes through with plan to hike levy by a penny

The Chancellor is said to be considering ripping up the party's election pledge not to raise income tax paid by millions of Britons as she struggles to get a grip on public spending.

Economics

3 w. ago What the rich are doing now to shield their wealth from the Budget... and here's how to make their ploys work for you

Last year's Budget drove many of these families to flee to lower-tax destinations such as Dubai, Monaco and Milan. So what are they doing this time around to shield their assets from possible tax hikes - and could you learn vital tips from their careful planning?

Economics