32 h. ago State pension 'tax exempt' Treasury update as MPs demand more answers

Rachel Reeves response to calls was not sufficient, MP committee ruled as pensioners face increased tax raids

Economics

4 d. ago Share tips to beat Rachel Reeves's latest tax raid: MIDAS reveals how buying these brilliantly cheap stocks can help you avoid inheritance trap

It's no secret that the Chancellor has inheritance tax in her sights for November's Budget. More families than ever will end up paying the 40 per cent tax in the coming years.

Economics

5 d. ago The £18billion pensions stampede: Reeves urged to rule out tax raid after worried savers rush to withdraw

The 'unprecedented rush' to withdraw tax-free cash from retirement funds saw £18.1 billion taken out in the latest financial year, up from £11.2 billion the year before.

Economics

8 d. ago The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes | Editorial

Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demandIn 1995, Nick Leeson, a 28-year-old trader for Barings Bank, brought down the City’s oldest finance house by, among other things, betting that the Bank of Japan (BoJ) couldn’t keep rates low forever after its financial crash led to a borrowing spree. The devastating Kobe earthquake was the final blow. The BoJ cut rates, bond prices rose and his losses spiralled to $1.4bn. His bet that markets would beat Japan brought down the bank.Barings’ collapse is perhaps a spectacular example of the “widowmaker” trade, where speculators think they can outsmart Japanese authorities. They’ve ended up with egg on their face as their gamble on Japan losing fiscal control proved misguided. Japan, with its own currency and a central bank working with the government, shows how the state shapes markets, not the other way round.Do you have an opinion on the issue...

Politics

8 d. ago I haven't broken the economy, insists Reeves in desperate video plea amid bond market meltdown and fears of tax hike 'doom loop'... as she reveals Budget won't happen until November 26

Rachel Reeves attempted to calm markets by stressing her fiscal rules after interest rates on UK gilts crept up again this morning - having spiked to 27-year highs yesterday.

Economics

1 week ago Tories challenge Rachel Reeves to rule out ‘damaging property taxes’

The Chancellor will have to raise taxes or cut spending by around £51 billion to maintain her current level of ‘headroom’, experts say

Politics

1 week ago Tories to challenge Rachel Reeves to rule out ‘damaging property taxes’

Tory leader Kemi Badenoch said the Chancellor was trapped in a ‘tax doom loop’.

Politics

3 w. ago Fears new Labour property tax will hit the hardest workers, as Rachel Reeves's minister refuses to rule out controversial new levy to replace stamp duty

Labour vowed before the last election that it would 'not increase taxes on working people', ruling out rises in National Insurance, income tax or VAT.

Politics

3 w. ago Tractor tax more likely to hit working farmers than wealthy landowners, think tank tells Reeves

Labour chancellor warned over her planned inheritance tax raid on farms

Economics

4 w. ago Chancellor Rachel Reeves confronted over Budget tax rises as new figures released

Chancellor Rachel Reeves declined to be drawn on any tax hikes ahead of the autumn Budget amid reports officials are looking at changes to inheritance taxes

Economics

4 w. ago Reeves says rulings on tax must wait for Budget amid inheritance tax speculation

The Chancellor said that her priority was getting ‘our economy firing off all cylinders’.

Economics

4 w. ago Boosting productivity will be main priority of autumn budget, Reeves says

Exclusive: Chancellor focuses on investment and planning rules as she dismisses talk of tax rises as ‘speculation’Rachel Reeves: Labour has fixed the foundations – now we must build a stronger economy for a renewed BritainRachel Reeves has promised to use her autumn budget to prioritise fixing Britain’s dismal record on productivity as she sought to downplay mounting tax speculation with a focus on economic growth.Setting out her priorities for the budget for the first time, the chancellor said tackling the efficiency of the economy through higher investment and a fresh assault on planning rules would form the backbone of her tax and spending plans. Continue reading...

Politics

4 w. ago Reeves accused of ‘punishing families’ with inheritance tax raid – that still ‘won’t fill Labour’s blackhole’

Former government economist Jonathan Portes told The Independent changes to inheritance tax would not raise enough to plug the UK’s multi-billion-pound fiscal shortfall

Politics

4 w. ago Rachel Reeves looking to tighten inheritance tax rules as Chancellor scrambles to fix UK's ailing finances

The Chancellor is examining whether to harden the rules on the gifting of money and assets ahead of the Autumn Budget

Economics

4 w. ago Keir Starmer ‘plans rise in inheritance tax’ to ease debt crisis

Critics see inheritance tax, charged on estates valued at more than £325,000, as being a wealth tax in all but name

Economics

4 w. ago Treasury ‘considers inheritance tax reforms’ to fill £50bn spending gap in budget

The Treasury is reportedly drawing up options on inheritance tax ahead of the autumn Budget

Economics