7 h. ago Reeves insists she will not resign if she raises income tax in the Budget

Chancellor also gives strong hint that business faces higher levies on November 26

Economics

26 h. ago Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breachRachel Reeves will lay the groundwork for a tax-raising budget that could break Labour’s election promise on income tax, in a major speech in which she will be “candid” about the tough choices ahead.The chancellor will give the speech as the markets open on Tuesday, when she will promise to make fair choices at this month’s budget but decline to repeat her manifesto pledge of no rise in income tax, VAT or national insurance. Continue reading...

Economics

26 h. ago Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

Economics

5 d. ago Reeves need not resign after admitting rental rule break, minister insists

The Prime Minister insisted it was ‘not necessary’ to launch a probe into his Chancellor’s error.

Politics

6 d. ago Reeves could raise income tax by 2p: Starmer lays the ground for tax raid as Tories insist Chancellor must be sacked if she breaks election vow

During Prime Minister's Questions yesterday, Sir Keir failed to repeat his mantra that the promise made to voters at last year's election still 'stands'.

Politics

6 d. ago Keir Starmer refuses to say if he stands by pledge not to raise taxes

Conservative leader Kemi Badenoch asked the prime minister on Wednesday whether he stuck by his pledge not to raise income tax, national insurance or VAT

Politics

6 d. 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

8 d. ago KEN COSTA: We are still a month from Reeves' Budget... and it's already developing into a financial horror show

Having explored just about every other conceivable tax rise the Chancellor seems to have settled once again on the idea of breaking Labour's manifesto promise and raising rates of income tax.

Economics

9 d. ago How much would Labour's plan to increase income tax cost YOU? Find out how your pay will be hit if Chancellor goes through with plan to hike levy by a penny

The Chancellor is said to be considering ripping up the party's election pledge not to raise income tax paid by millions of Britons as she struggles to get a grip on public spending.

Economics

1 week ago Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

Events

1 week ago ALEX BRUMMER: The lies of Labour's manifesto visible for all to see

The rise in employers' National Insurance contributions has caused serious grief for working people. The promise not to raise income tax also was a fiction

Politics

1 week 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 Raising VAT would cut spending power TWICE as much as raising income tax, Rachel Reeves is warned

The Chancellor has been warned that raising VAT in the Autumn Budget would have a more detrimental effect on the economy than income tax hikes.

Events

2 w. ago Reeves needs to fill £22bn hole in UK public finances, IFS says

Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26

Economics

3 w. ago How the IFS says Rachel Reeves can raise tax and fill a £30bn black hole WITHOUT breaking her promises

The Chancellor may have to find up to £30billion in the Budget, but has pledged not to raise income tax, National Insurance or VAT.

Economics

3 w. ago We’ve reached our limits on raising income tax in Scotland, says SNP finance minister Shona Robison

The Scottish Government has reached its limits on income tax, the Finance Secretary has said.

Politics

3 w. ago Raising income tax is ‘least damaging’ option for Reeves, says think tank

An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).

Events