62 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

3 d. ago TV expert Kirstie Allsopp warns Brits are 'in a panic' amid rumours of fresh property taxes at Rachel Reeves' Budget

The TV presenter, who fronts Location, Location, Location, warned speculation about new measures the Chancellor might bring in was having a profound impact.

Events

3 d. ago West London council lobbies House of Lords to axe funding cuts before Rachel Reeves' Autumn Budget

West London council lobbies House of Lords to axe funding cuts before Rachel Reeves' Autumn Budget  MyLondon

Economics

5 d. ago UK unemployment rises to 5%, the highest level in four years

ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrollsBusiness live – latest updatesUnemployment in the UK has risen by more than expected to the highest level in four years, official figures show, amid a worsening slowdown in the jobs market before Rachel Reeves’s autumn budget.With under three weeks to go before the chancellor’s tax and spending statement, figures from the Office for National Statistics (ONS) show the headline unemployment rate rose to 5.0% in the three months to the end of September, up from 4.8% in the previous quarter. Continue reading...

Politics

8 d. ago UK Budget: Scots firms urge John Swinney to 'resist temptation' to copy UK government tax rises

Scottish Financial Enterprise (SFE) and the Scottish Retail Consortium (SRC) both warned the First Minister that raising income tax would ‘hit workers’ and not help the economy

Economics

9 d. ago Rachel Reeves urged to hit betting firms with tax hikes in the Budget

A committee of MPs has called on the Chancellor to press ahead with taxing harmful parts of the gambling industry with tax rises

Economics

2 w. ago Business Secretary announces electricity discounts of £420 million

Peter Kyle would not comment on whether firms could expect to see tax increases in the budget.

Economics

2 w. ago Businesses cannot bear the brunt of more tax hikes, CBI warns as Reeves faces a £50BILLION black hole

The Confederation of British Industry (CBI) said uncertainty about the forthcoming Budget was weighing on sentiment, leaving firms to delay decisions until they receive further clarity

Economics

2 w. ago Productivity bombshell leaves Brits facing BIGGER tax rises next month and 'blows a £20bn hole in Reeves' Budget'

The Office for Budget Responsibility (OBR) watchdog is reportedly poised to cut its trend productivity forecast by about 0.3 percentage points in its upcoming projections.

Economics

3 w. ago Rachel Reeves axes ‘arbitrary rules’ costing firms £6 billion ahead of Budget

The Chancellor detailed plans to scrap paperwork for businesses as she looks to fill a black hole in the state’s finances.

Economics

last month Chancellor warned businesses are at breaking point as another 2,000 go bust

The Chancellor must avoid piling further pressure on British businesses at the Budget after another 2,000 firms went bust last month, restructuring experts have warned.

Events