13 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

27 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

29 h. ago The Chancellor's lost control: Rachel Reeves accused of presiding over most shambolic Budget in history after humiliating U

The Chancellor spent weeks laying the ground for a manifesto-breaking hike in taxes for millions of workers in this month's Budget , before sparking chaos in the City by performing a shock U-turn.

Politics

34 h. ago Rachel Reeves has found £10bn to save herself from imposing unpopular tax hikes

Her about-turn comes after the Office for Budget Responsibility said the black hole in public finances is closer to £20 billion rather than the £30bn originally feared

Economics

36 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

37 h. ago Reeves' 'sums of anarchy' in 'most chaotic Budget ever': How you could still pay £750 more on £50,000 salary even without an income tax hike

The Treasury has made clear that income tax rates will not be increased on November 26, despite weeks of heavy hints about the first rise for 50 years.

Economics

38 h. ago This is how much more your favourite drink will cost if Rachel Reeves hikes booze tax in Budget

Bad news for cash-strapped boozers as the prices of drinks is set to take a hike from February after Reeves' brutal Budget, with a bottle of whisky planned to increase by 50p

Economics

39 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

40 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

41 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

41 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

42 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

42 h. ago Reeves not ‘playing fast and loose with people’s money’ amid tax U

Culture Secretary Lisa Nandy would not be drawn into speculation that Ms Reeves has abandoned plans for the manifesto-breaking tax hike.

Economics

44 h. ago Chancellor's booze tax hike slammed as 'depressing' as British beer prices to soar

The hospitality industry has hit out at a possible tax hike on wine and spirits, warning that it would be a "depressing prospect" for the struggling sector

Economics

44 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

51 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

51 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

65 h. ago Tax hikes will kneecap economic growth next year, Reeves warned

Britain could be set for a sharp slowdown in economic growth next year as the country braces for another bruising Budget in two weeks' time.

Events

66 h. ago Why the cost of YOUR Uber is going up: Labour's 'taxi tax' could send fares soaring with 20% VAT hike

Bosses at Uber, Bolt and Veezu - the biggest private vehicle hire apps in the UK - have written to Rachel Reeves urging her not to introduce the tax.

Economics

3 d. ago King's racehorse trainer warns there has 'never been a bigger threat to the industry' than proposed gambling tax

Nicky Henderson and William Haggas have urged the Chancellor to protect horse racing from punishing tax hikes as they argue that 'racing isn't just a sport' but an historic part of British life.

Events