4 d. ago Pensioners face £2,500 tax bills under potential Income Tax plans

Chancellor Rachel Reeves is said to be considering raising income tax, in a move that would hit millions of pensioners - and some could face bills of up to 2,500

Economics

8 d. ago Minister indicates support for ending ‘luxury car’ leases on Motability Scheme for benefits claimants

Chancellor Rachel Reeves is reported to be considering making significant changes to access for the Motability Scheme.

Politics

9 d. ago Death by a HUNDRED tax hikes? Reeves looking at blizzard of increases on 'wealthy' middle earners in Budget

Chancellor Rachel Reeves is considering a blizzard of measures targeting the 'wealthy' as she scrambles to drum up huge sums.

Economics

1 week ago Rachel Reeves’s 5% VAT cut on electricity bills will backfire, experts say

Critics believe cut would mostly benefit better-off people with larger homes and increase carbon emissionsProposals being considered by Rachel Reeves to cut tax on electricity bills will backfire, experts have warned, resulting in a giveaway to richer homeowners and undermining the UK’s climate commitments.The chancellor is understood to be looking at plans to eliminate the 5% VAT charge on electricity bills as a fast and simple way to reduce bills for consumers and ease the cost of living pressures that have aided the rise of Reform UK. Continue reading...

Science

1 week ago Rachel Reeves 'considering new tax on expensive homes’ in Budget

With just weeks to go until the Budget, the Chancellor is reportedly hoping going after the richest home owners will help plug the hole in the finances left by the Tories

Economics

1 week ago Rachel Reeves considers 20% tax on assets of people deciding to leave UK

Plans for ‘settling-up charge’ predicted to raise £2bn and would follow policy in place among most G7 countriesRich people quitting the UK could be required to pay a 20% tax on their business assets as part of plans reportedly being considered by the chancellor, Rachel Reeves.The Treasury has drawn up plans for a “settling-up charge” on assets; a move that would bring the UK into line with most other G7 nations and raise a predicted £2bn for the public coffers, according to the Times. Continue reading...

Politics

1 week ago Rachel Reeves considers ‘exit tax’ for wealthy Britons fleeing the country

Shadow cabinet minister Robert Jenrick slams Labour chancellor and calls for her to rule out ‘crazy’ and ‘desperate’ idea that would see ‘wealth creators sprint for the door’

Economics

1 week ago How Rachel Reeves is plotting a £50billion tax raid on YOUR pension pot

A PENSIONS shake-up being considered in next month's Budget would shrink pots by £50billion, Rachel Reeves has been warned. The Chancellor is said to be considering slashing tax relief for pensions in her Autumn statement on November 26th. Currently, when you save into a pension, the government adds back the income tax you paid on...

Economics

2 w. ago Starmer refuses to rule out tax rises in budget after questioning by Badenoch

Prime minister fails to answer Tory leader’s questions about manifesto pledge not to raise income taxUK politics live –latest updatesKeir Starmer has refused to rule out tax rises in next month’s budget, which would breach Labour’s manifesto promises, boosting speculation that Rachel Reeves is considering raising income tax to reduce a shortfall.The prime minister pointedly ignored questions posed to him by Kemi Badenoch in the Commons about the manifesto pledge, something the Conservative leader said he had not done when asked before. Continue reading...

Economics

2 w. ago Rachel Reeves reveals tax rises and spending cuts ARE being considered at Budget as she scrambles for Gulf trade deal on Saudi Arabia visit

The Chancellor said the Government needed to ensure there is 'sufficient headroom' above its spending plans when she reveals her next fiscal package on 26 November.

Economics

2 w. ago Furious battle over Budget inside government as Starmer urged to stop mansion tax plan

Rachel Reeves is said to be seriously considering a mansion tax to fill an estimated £40 billion budget black hole and appease the left of the Labour Party

Politics

2 w. ago Rachel Reeves facing resignation calls as she's 'considering hiking income tax'

Doom-and-gloom chancellor Rachel Reeves is facing resignation calls after it emerged she is considering breaking Labour’s manifesto by hiking income tax.

Politics

2 w. ago Desperate Rachel Reeves is 'actively discussing' smashing Labour's manifesto by hiking income tax at Budget as she struggles to fill '£40bn' black hole

Increasing income tax is said to be a 'live debate' between the Chancellor and her aides amid fears she cannot bring in enough cash by solely targeting the 'rich'.

Economics

2 w. ago Chancellor Rachel Reeves 'is in active discussions about breaking Labour's manifesto pledge and putting a penny on income tax to fill £30billion budget gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

2 w. ago Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax to help fill an estimated shortfall of between £30bn and £50bn

Politics

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 Rachel Reeves 'is considering breaking Labour's manifesto pledge with income tax rise to fill £30billion gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

2 w. ago London lawyers and accountants ‘targeted in new £2bn tax raid’ as Rachel Reeves prepares Budget

Rachel Reeves is reportedly considering a new tax hit on more than 190,000 people who use limited liability partnerships

Economics

3 w. ago Cheat the Week: Reeves admits she’s mulling tax rises and spending cuts

This week’s biggest news stories in review, and how the media has covered them

Economics

3 w. ago Reeves sets sights on Motability to save £1billion in Budget: Will Chancellor scrap tax breaks for disability car scheme users?

The Chancellor is considering scrapping tax breaks which spare Motability's 860,000 users from having to pay VAT or insurance premium tax on their leased vehicles.

Economics