9 h. ago Reeves must slash tax again before next election if she breaks manifesto pledge, Tony Blair think tank warns

Labour chancellor told any tax hikes must be temporary in a bid to break Britain’s ‘tax-and-spend doom loop’

Events

10 h. ago Labour MPs turn on Rachel Reeves as Chancellor hints at breaking manifesto pledge not to raise income tax

The Chancellor hinted this week that she is considering a manifesto-busting rise in income tax as she grapples with a black hole in the public finances estimated at up to £30 billion.

Politics

10 h. ago Rachel Reeves ‘to slap 6 million drivers with NEW tax in Budget as motorists will face £250 hike just for using road’

RACHEL Reeves is set to hit Electric Vehicle drivers with a new pay-per-mile tax. The Chancellor is due to reveal the controversial levies at the Budget on November 26, as reported by The Telegraph. It is understood plans have been drawn up to see EV drivers charged 3p per mile, in addition to other road...

Economics

21 h. ago George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

Events

23 h. ago Chancellor under rising pressure amid warning UK finance blackhole must be plugged ‘with 2p income tax hike’

Rachel Reeves has given strong indications she will break Labour’s manifesto promise not to raise taxes on “working people” at her Budget on November 26

Events

38 h. ago Rachel Reeves asked resignation question on LBC after Budget tax rises hint

In a rare pre-Budget speech earlier today, Chancellor Rachel Reeves refused to stand by Labour's election promise not to hike income tax, VAT, or national insurance

Economics

43 h. ago Threat of income tax rise grows as Rachel Reeves gives clear sign she will break Labour manifesto pledge

Chancellor rolls ground for tax rises in unusual pre-Budget speech at Downing Street

Events

47 h. ago Income tax fears rise as Rachel Reeves gives clear sign she will break Labour manifesto pledge

Chancellor rolls ground for tax rises in unusual pre-Budget speech at Downing Street

Politics

49 h. ago Reeves pledges to build bigger cushion in Budget to ‘withstand global turbulence’

Opposition parties criticise chancellor over speech that opens door to manifesto-breaking income tax rise

Politics

57 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

64 h. ago My sources have told me about the catastrophic tax rises to come. Pensioners will be horrified... this is where Labour's going to strike and it's devastating: JEFF PRESTRIDGE

With every day that passes it becomes more apparent that the Chancellor will, later this month in the Budget , break Labour 's manifesto commitment not to increase income tax.

Economics

68 h. ago Nigel Farage warns Britain is on the verge of financial collapse with 'extraordinary' debt mountain... as he admits Labour chaos will delay tax cuts hopes

In a crucial speech in the City of London, Nigel Farage is bidding to burnish his credentials as a serious option to run the country.

Events

69 h. ago Nigel Farage warns Britain MUST tackle 'extraordinary' debt mountain and lure back wealthy

In a crucial speech in the City of London, Nigel Farage is bidding to burnish his credentials as a serious option to run the country.

Events

3 d. ago Nigel Farage to promise business deregulation in economic policy speech

Reform UK leader to set out ‘pro-entrepreneurship’ agenda while rowing back on tax cuts pledgeNigel Farage will promise a bonfire of business regulation as he spells out his party’s economic policies in more detail than ever in an attempt to bolster its reputation for fiscal credibility.The Reform leader will give a speech in London putting deregulation at the heart of his economic agenda, while also dropping a commitment made at the last election to deliver £90bn of tax cuts. Continue reading...

Economics

3 d. 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

4 d. ago Starmer to face cabinet backlash if he breaks manifesto pledge on income tax

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

Politics

5 d. ago Would Rachel Reeves dare to hike income tax? This is Money Podcast

Despite assurances that Labour would not break its election manifesto by hiking income tax , it appears it is under consideration for the Autumn Budget.

Economics

7 d. ago Chancellor considering tax cut for Scots ahead of pivotal Holyrood election

EXCLUSIVE: Rachel Reeves is looking at a plan which would shield Scots from an income tax rise, but give them an NI cut.

Politics

7 d. ago Keir Starmer REFUSES to rule out breaking Labour's manifesto pledge on tax rises as PM fuels fears of huge Budget raid on workers

The Prime Minister failed to commit to keeping his pre-election vow to not increase National Insurance, income tax, or VAT .

Economics

8 d. ago £50BILLION black hole misery for Reeves: Productivity downgrade blow to Chancellor

The Chancellor is now increasingly likely to have to break Labour 's manifesto pledge not to put up income tax, National Insurance or VAT, said experts.

Economics