17 h. ago New personal tax thresholds £12,570 update as 'two year' plan emerges

Rachel Reeves is expected to announce a number of tax rises in the budget on November 26, after ditching plans to hike income tax

Economics

31 h. ago Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

Politics

33 h. ago The Chancellor's lost control: Rachel Reeves accused of presiding over most shambolic Budget in history after humiliating U

The Chancellor spent weeks laying the ground for a manifesto-breaking hike in taxes for millions of workers in this month's Budget , before sparking chaos in the City by performing a shock U-turn.

Politics

38 h. ago Rachel Reeves has found £10bn to save herself from imposing unpopular tax hikes

Her about-turn comes after the Office for Budget Responsibility said the black hole in public finances is closer to £20 billion rather than the £30bn originally feared

Economics

40 h. ago UK Budget process in ‘complete chaos’, says Scotland’s Finance Secretary

Reports suggest Chancellor Rachel Reeves has scrapped plans to hike income tax.

Economics

41 h. ago Reeves' 'sums of anarchy' in 'most chaotic Budget ever': How you could still pay £750 more on £50,000 salary even without an income tax hike

The Treasury has made clear that income tax rates will not be increased on November 26, despite weeks of heavy hints about the first rise for 50 years.

Economics

42 h. ago This is how much more your favourite drink will cost if Rachel Reeves hikes booze tax in Budget

Bad news for cash-strapped boozers as the prices of drinks is set to take a hike from February after Reeves' brutal Budget, with a bottle of whisky planned to increase by 50p

Economics

43 h. ago Chancellor abandons planned income tax hike because of improved forecasts

The PA news agency understands the strength of tax receipts has improved the numbers from the OBR, allowing for the U-turn.

Politics

44 h. ago Rachel Reeves ditches plans to hike income tax as UK borrowing costs jump

Income tax levels in Scotland are set by Holyrood but spending decisions set by Reeves have a major impact on how much funding is available to the SNP Government.

Economics

45 h. ago Markets get jitters after Reeves DROPS Budget plan to hike income tax amid panic that Labour MPs will oust Starmer but she could slash thresholds instead to fill £30bn black hole

The Pound has already taken a hit after the extraordinary U-turn emerged overnight, following weeks of signals that the move would go ahead.

Economics

45 h. ago The taxes Rachel Reeves could raise after income tax hike abandoned

There are many options on the table as the chancellor looks to raise considerable sums

Politics

46 h. ago Markets hammer Reeves after she DROPS Budget plan to hike income tax amid panic that Labour MPs will oust Starmer but she could slash thresholds instead to fill £30bn black hole

The Pound has already taken a hit after the extraordinary U-turn emerged overnight, following weeks of signals that the move would go ahead.

Economics

46 h. ago Reeves not ‘playing fast and loose with people’s money’ amid tax U

Culture Secretary Lisa Nandy would not be drawn into speculation that Ms Reeves has abandoned plans for the manifesto-breaking tax hike.

Economics

48 h. ago Chancellor's booze tax hike slammed as 'depressing' as British beer prices to soar

The hospitality industry has hit out at a possible tax hike on wine and spirits, warning that it would be a "depressing prospect" for the struggling sector

Economics

48 h. ago Major update on Rachel Reeves' plan to hike income tax this month

An income tax rise would help her bridge a fiscal black hole estimated by some economists to be as much as £50billion

Politics

55 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

55 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

66 h. ago Young's boss tells Reeves 'we need certainty and a growth plan'

Pub group Young's will take a 'cautious' approach to future potential price hikes as a sharp rise in food costs exacerbates severe cost pressures facing UK hospitality.

Politics

67 h. ago FTSE 100 LIVE: London slips as UK economic growth slows in blow to Rachel Reeves ahead of budget

FTSE 100 LIVE: London slips as UK economic growth slows in blow to Rachel Reeves ahead of budget  Yahoo Finance UK

Economics

68 h. ago UK exports to US hit lowest level since January 2022 as tariffs bite – business live

New economic data shows fall in UK exports to the US, as Britain’s economy shrinks in SeptemberChancellor Rachel Reeves is harking back to the happier days of stronger growth in the first two quarters of this year.Responding to this morning’s GDP figures, Reeves says:“We had the fastest-growing economy in the G7 in the first half of the year, but there’s more to do to build an economy that works for working people.At my Budget later this month, I will take the fair decisions to build a strong economy that helps us to continue to cut waiting lists, cut the national debt and cut the cost of living.” Continue reading...

Economics