35 h. ago Reeves dumps 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

35 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

36 h. ago UK borrowing costs up after markets spooked by Reeves’s income tax U

Pound down 0.5% against dollar in early trading after chancellor drops plans for upcoming budgetUK politics live – latest updatesBritain’s borrowing costs have jumped while the pound has dropped after the chancellor’s extraordinary last-minute decision to ditch tax-raising plans in the upcoming budget.Interest rates on government bonds rose by more than 10 basis points in early trading, putting them on track for their worst day since 2 July, when investors responded to a tearful appearance by Rachel Reeves in the House of Commons chamber. The pound, meanwhile, dropped 0.5% against the dollar. Continue reading...

Economics

36 h. ago Starmer and Reeves drop proposal to increase income tax rates in Budget

U-turn on measures to raise revenue to fill fiscal hole sparks sell-off in gilt market

Economics

36 h. ago Rachel Reeves 'to scrap plans' to raise income tax as SNP accuse Labour government of 'chaos'

The SNP have criticised the latest development as ‘chaos’.

Politics

37 h. ago Starmer and Reeves drop proposal to increase income tax rates in the Budget

U-turn on measures to raise revenue to fill fiscal hole sparks sell-off in gilt market

Economics

37 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

38 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

45 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

45 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

45 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

46 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

47 h. ago Starmer and Reeves ditch Budget plan to increase income tax rates

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn

Economics

47 h. ago Starmer and Reeves ditch plan to increase income tax rates in the Budget

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn

Economics

5 d. ago Rachel Reeves warned gambling tax hikes will 'hammer punters' and 'shut 3,400 bookies'

Chancellor Rachel Reeves is being urged by the IPPR think tank to more than double the tax rate on gaming machines in her Budget on November 26

Events

5 d. ago Fury as Reeves set to increase dividend tax in ‘hammer blow’ for investors in nightmare Budget

RACHEL Reeves is set to increase dividend tax in a "hammer blow" to investors in the upcoming Budget. In a move that has sparked fury, the Chancellor will reportedly increase the tax rate on earnings from shares in her Autumn budget this month. Brits are bracing for a raft of tax hikes on November 26...

Economics

2 w. ago Pound tumbles as markets take fright over Rachel Reeves' Budget woes with UK productivity downgrade

Sterling dropped to a two-and-a-half-year low against the euro before regaining some ground

Economics