2 w. ago Budget 2025 live: Reeves claims freezing tax thresholds in budget does not breach manifesto pledge

Chancellor says she will not ‘get into semantics’ when questioned on issue after her statementAt a glance: the key points from the budgetHow does freezing income tax thresholds affect you?Paul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

2 w. ago Budget 2025 live: Rachel Reeves sets out tax rises and council tax changes as OBR apologises for leaking details

Office for Budget Responsibility blames ‘technical error’ after forecasts were published before chancellor gave her statementAt a glance: the key points from the budgetPaul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

2 w. ago Budget 2025 live: Income tax thresholds to be frozen for three years in budget, OBR leak indicates

Forecasts from the Office for Budget Responsibility were accidentally published before Rachel Reeves gives her statementUK borrowing costs fall after early release of budget forecasts – business liveCould you do better than Reeves? Play our gamePaul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

2 w. ago Budget 2025 live: Rachel Reeves says tax and spending changes based on ‘fair and necessary’ choices

Chancellor to deliver fiscal statement, billed as decisive moment for fate of Starmer government, at 12.30pmTax, pensions, savings: what to expect in the budgetReeves’s high-stakes budget in five key chartsCould you do better than Reeves? Play our gameYesterday the Metropolitan police said they were not allowing a planned protest in Westminster by farmers to coincide with the budget. Farmers have been protesting regularly about the decision announced in Rachel Reeves’ budget last year to extend inheritance tax to farms.The decision was criticised by the Conservative party, who said originally the Met had indicated the protest would be allowed. Last night Victoria Atkins, the shadow environment secretary, issued a statement saying:It doesn’t smell right, particularly when we think of the regular and frequent protests that are allowed in SW1 which inconvenience motorists, residents and businesses without consideration. Is this to save the chancellor embarrassment ahead of her budget o...

Economics

2 w. ago Rachel Reeves will announce the Budget today: Here's what to expect

The Standard looks at the measures the Chancellor is expected to announce today

Politics

3 w. ago Reeves braced for major Budget clash with businesses over minimum wage and tax rises

The chancellor is set to use her Budget to pin Labour’s hopes on tackling the cost of living while balancing the books by targeting the wealthy

Economics

3 w. ago Personal tax threshold minimum wage £759 update as change 'in days'

Chancellor Rachel Reeves is reportedly about to freeze income tax thresholds including the lowest £12,570 for two more years

Economics

3 w. ago £12,570 personal tax threshold update change impact on state pensioners and DWP benefits

The Institute for Fiscal Studies said freezing the income tax boundaries will also have a big impact on minimum wage workers

Economics

4 w. ago Autumn Budget predictions from income tax to benefits and minimum wage

Rachel Reeves will deliver her second Budget on November 26 after weeks of speculation and leaks over possible tax hikes. Here The Mirror looks at what the Chancellor could announce

Economics