Rachel Reeves proposed council tax shake-up that could cost millions £1,200 a year
1 year ago

Rachel Reeves proposed council tax shake-up that could cost millions £1,200 a year

The Telegraph  

Rachel Reeves advocated an overhaul of council tax bands, a move that could cost more than four million households an average of £1,200 a year, The Sunday Telegraph can disclose. But a council tax revaluation, which has also been previously advocated by Jim McMahon, now Sir Keir Starmer’s shadow local government minister, would be likely to result in tax increases for millions of households. Asked if the party would rule out a council tax revaluation, in a similar vein to Ms Reeves’s pledge not to introduce a wealth tax, a Labour spokesman simply said that it “has no plans to introduce this in government”. It’s a denial.” A council tax band revaluation is under way in Wales, where the Welsh Labour government says it wants to correct the current situation under which “a higher share of tax is charged relatively to households living in lower value properties.” David TC Davies, the Welsh Secretary, has said it would cause “astronomical” council tax hikes for his constituents in Monmouthshire.

Tax Labour Council Reeves Ms Reeves Telegraph Council Tax  proposed  cost  reeves  council  revaluation  telegraph  labour  tax  rachel  millions  bands  wealth  rule  shakeup  ms  1200

History of this topic

Rachel Reeves is warned UK businesses cannot take any more tax rises - as fears grew that the economy is on the verge of a downturn
1 month, 1 week ago

Rachel Reeves is warned UK businesses cannot take any more tax rises - as fears grew that the economy is on the verge of a downturn

Daily Mail  

Rachel Reeves was last night warned that businesses cannot take any more tax rises as fears grew that the economy is on the verge of a downturn - 100 days on from the Budget. Rain Newton-Smith, chief executive of the Confederation of British Industry, said firms were ‘still seriously flagging’ as they strain under the burdens imposed by the Chancellor. …

Five million people could see their bins collected less frequently despite facing eyewatering council tax hikes, analysis reveals
1 month, 1 week ago

Five million people could see their bins collected less frequently despite facing eyewatering council tax hikes, analysis reveals

Daily Mail  

Five million people could see their bins collected less frequently from April despite facing punishing council tax hikes, analysis has found. The vast majority of local authorities across the UK slashing bin collections are simultaneously hiking council tax by 4.99 per cent, the maximum figure allowed without a local referendum or special government permission. Almost 500,000 living in Bristol - …

Why has Labour allowed such big increases in council tax?
1 month, 1 week ago

Why has Labour allowed such big increases in council tax?

The Independent  

Not since the bad old days of the poll tax has the normally dry world of local government finance been so wracked by penury, crisis and politicking. Some local authorities have already spectacularly gone bust – notably Birmingham City Council – while many more are on the edge, and now six councils in England have been granted special permission by …

Rachel Reeves will publish tax return in U-turn hours after refusing to do so
1 month, 2 weeks ago

Rachel Reeves will publish tax return in U-turn hours after refusing to do so

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves is set to publish a tax return, in a …

Mapped: The areas where residents face council tax hikes of up to 25%
1 month, 2 weeks ago

Mapped: The areas where residents face council tax hikes of up to 25%

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Shoppers in Windsor and Maidenhead, where the council wants to increase tax by up …

Reeves to water down tax raid on non-doms amid exodus of millionaires
1 month, 3 weeks ago

Reeves to water down tax raid on non-doms amid exodus of millionaires

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “And in the finance bill, we will be tabling an amendment which makes more generous …

Reeves Blocks Calls From English Mayors for More Tax Powers
3 months ago

Reeves Blocks Calls From English Mayors for More Tax Powers

Live Mint  

-- UK Chancellor Rachel Reeves is resisting calls from English mayors to extend their revenue-raising abilities, an awkward clash that comes as her government launches its plan to extend more powers to local leaders. The governing party, which was elected in a landslide in July, has repeatedly said it believes in “unleashing power from Whitehall back into communities that know …

Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike
3 months, 1 week ago

Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer has failed to rule further tax rises before …

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
3 months, 1 week ago

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves refused to rule out more tax rises As MPs voted through the controversial …

The assisted dying debate highlighted one of our greatest human failings
3 months, 2 weeks ago

The assisted dying debate highlighted one of our greatest human failings

The Independent  

I read your editorial about this monumental bill passing its second reading with interest. Susan Alexander Frampton Cotterell, Gloucestershire Plugging in Your recent article on public EV charging costs perpetuates unhelpful hysteria, ignoring the real reasons behind pricing, including factors largely beyond charge point operators’ control. It was useful that Rod Evans from the RAC correctly pointed out that electricity …

Council bills could hit £3,000. Here's how to slash that and even get money back with SIX smart tricks
3 months, 3 weeks ago

Council bills could hit £3,000. Here's how to slash that and even get money back with SIX smart tricks

Daily Mail  

How much is your council tax bill? Now is the time to see if you can lower your council tax bill or even receive money back by challenging your council tax band For example, Birmingham City Council has approved a 21 per cent increase in council tax over the next two years. Challenge your council tax band In England there …

It's official... Rachel Reeves DID deliver the biggest tax-raising Budget on record: OBR watchdog's database shows Chancellor hiked the burden by £41.5bn - MORE than Norman Lamont's notorious 1993 rai
4 months ago

It's official... Rachel Reeves DID deliver the biggest tax-raising Budget on record: OBR watchdog's database shows Chancellor hiked the burden by £41.5bn - MORE than Norman Lamont's notorious 1993 rai

Daily Mail  

Rachel Reeves has been handed an unwanted historical distinction - as official figures showed her Budget was the biggest tax-raiser on record. Rachel Reeves has been handed an unwanted historical distinction - as official figures showed her Budget was the biggest tax-raiser on record The OBR keeps a database of Budget measures based on the value they were 'scored' at …

Council tax expected to raise additional £1.8 billion next year – minister
4 months ago

Council tax expected to raise additional £1.8 billion next year – minister

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Council tax rises will help …

How much could YOUR council tax go up by in April? What average bills might look like across the country after Starmer gave green light to 5% rises
4 months ago

How much could YOUR council tax go up by in April? What average bills might look like across the country after Starmer gave green light to 5% rises

Daily Mail  

Families are bracing for more eye-watering council tax rises next year after Keir Starmer signalled the cap will be 5 per cent. Keir Starmer was embroiled in a row over the cap on council tax yesterday during bad-tempered PMQs clashes A government source said the 5 per cent cap would not necessarily translate into a similar tax rise as it …

Labour have 'broken their promises' on not raising council tax, Tories say - after ministers signed off a £110 hike in bills next year
4 months ago

Labour have 'broken their promises' on not raising council tax, Tories say - after ministers signed off a £110 hike in bills next year

Daily Mail  

Council tax bills are set to jump by an average of £110 next year after ministers gave the green light to inflation-busting rises. Council tax bills are set to jump by an average of £110 next year after ministers gave the green light to inflation-busting rises Keir Starmer was accused of plotting to ditch the cap on council tax during …

Council tax increase expected as Tories claim ‘black hole’ in Labour’s plans
4 months ago

Council tax increase expected as Tories claim ‘black hole’ in Labour’s plans

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Conservative Party leader Kemi Badenoch pressed Sir Keir Starmer to confirm whether the cap …

Another Labour tax rise: Families face £110 council tax hike as No10 gives green light for 5% cap next year
4 months ago

Another Labour tax rise: Families face £110 council tax hike as No10 gives green light for 5% cap next year

Daily Mail  

Households could face a £110 council tax hike next year after Downing Street signalled the cap will be 5 per cent. Council insiders Keir Starmer was accused of plotting to ditch the cap on council tax today during bad-tempered PMQs clashes The premier ducked as Tory leader Kemi Badenoch demanded to know whether the 5 per cent ceiling would be …

Reeves accused of business ‘betrayal’ as top bank warns over tax hikes
4 months ago

Reeves accused of business ‘betrayal’ as top bank warns over tax hikes

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a note to clients seen by The Daily Telegraph, economists at the bank said: …

Asda chief lashes out at Reeves’s ‘very, very damaging’ Budget
4 months, 1 week ago

Asda chief lashes out at Reeves’s ‘very, very damaging’ Budget

The Telegraph  

Asda’s chairman has hit out at Rachel Reeves’s “very, very damaging” tax rises, warning it will force the supermarket to look closely at how many workers it can afford to employ. Lord Rose said it was “perfectly” clear that the Chancellor had not delivered a Budget for businesses, saying extra taxes were “disproportionately heavy” on larger companies which employ a …

How the ‘tractor tax’ became a problem for Rachel Reeves
Trending News
4 months, 1 week ago

How the ‘tractor tax’ became a problem for Rachel Reeves

The Independent  

Rachel Reeves is caught in the crosshairs of a piece of alliteration that threatens to unravel part of her Budget: the “tractor tax”. If you have a sizeable enough investment portfolio to pass on – or even just a modest house in London or South East England – a bequest to anyone other than your spouse or civil partner will …

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast
4 months, 2 weeks ago

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast

Daily Mail  

Rachel Reeves' maiden Budget saw the first-ever female chancellor make £40billion of sweeping tax rises in to plug funding gaps in the NHS and schools. Among the Autumn Budget losers were landlords, investors and those who have stashed wealth in their pension, as stamp duty, capital gains tax and inheritance tax all came under the spotlight. We also dig into …

Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank
4 months, 2 weeks ago

Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank

Daily Mail  

Even before the dust has settled on Chancellor Rachel Reeves's Budget, it is becoming increasingly apparent that it will be disastrous for Britain. Imposing tax increases on a scale rarely seen outside of wartime, recession or pandemic, and embarking on a colossal borrowing binge to fund public services, she has taken a huge gamble with the economy. The Chancellor Rachel …

Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’
4 months, 2 weeks ago

Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “How the Budget red book can include the sentence ‘the …

Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden
4 months, 2 weeks ago

Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden

Daily Mail  

This video is no longer available This video is no longer available Rachel Reeves admitted Brits will see lower wages as a result of her Budget mega-raid today - amid warnings she will be back for more. Rachel Reeves on a visit to a hospital in Coventry with Keir Starmer today after delivering her Budget The OBR said the Budget …

Labour's £40 billion tax bomb leaves Britons £300 worse off
4 months, 2 weeks ago

Labour's £40 billion tax bomb leaves Britons £300 worse off

Daily Mail  

Britain's growth prospects took a dive last night after Rachel Reeves' £40 billion tax bomb. And in a warning to millions of 'working people', the economic watchdog predicted that the Chancellor's Budget measures would fuel inflation, push up mortgage rates and squeeze wages. In the first Labour Budget for 14 years, Ms Reeves: Launched a £25 billion raid on employers' …

Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you
4 months, 2 weeks ago

Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

DAILY MAIL COMMENT: This was a painful budget - with worse to come
4 months, 2 weeks ago

DAILY MAIL COMMENT: This was a painful budget - with worse to come

Daily Mail  

There are three kinds of lies, said Mark Twain. In her first Budget, Chancellor Rachel Reeves cynically reneged on those promises with a £40billion tax bombshell. Chancellor Rachel Reeves said the country had 'voted for change' and vowed to 'invest' as she mounts one of the biggest raids in history in the Commons Ms Reeves carried out the traditional photo …

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise
4 months, 2 weeks ago

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise

Daily Mail  

Britain's growth prospects took a dive last night after Rachel Reeves' £40 billion tax bomb. In the first Labour Budget for 14 years, Ms Reeves: Launched a £25 billion raid on employers' National Insurance, breaking a manifesto pledge not to raise a levy she previously called a 'jobs tax'; Announced an immediate £25 billion cash injection for the NHS, despite …

Rachel Reeves drops £40BILLION 'tax bomb' in Budget: Chancellor hammers firms with £25bn NICs hike as she targets inheritances and landlords in one of biggest EVER raids - but blames the Tories
4 months, 2 weeks ago

Rachel Reeves drops £40BILLION 'tax bomb' in Budget: Chancellor hammers firms with £25bn NICs hike as she targets inheritances and landlords in one of biggest EVER raids - but blames the Tories

Daily Mail  

Rachel Reeves delivered a massive £40billion 'tax bomb' Budget that could define the Labour government today. From then on it will have to be balanced in the third year of the forecast; Employers' national insurance contributions will rise by 1.2 percentage points to 15 per cent in April 2025, and the threshold for paying them will fall from £9,100 per …

What the Autumn Budget 2024 means for you: How Rachel Reeves' £40bn tax rises will hit
4 months, 2 weeks ago

What the Autumn Budget 2024 means for you: How Rachel Reeves' £40bn tax rises will hit

Daily Mail  

Chancellor Rachel Reeves has revealed £40billion worth of tax hikes and a surge in government borrowing in a highly anticipated Autumn Budget. > Full list of benefit rises announced in the Budget > What the capital gains tax hike means for you: How small investors will be hit > No Budget boost for first-time buyers - five months to avoid …

Starmer warns that Brits face higher taxes FOREVER and he could raise them AGAIN to prop up the NHS and public services because the Budget must confront 'harsh fiscal reality'
4 months, 2 weeks ago

Starmer warns that Brits face higher taxes FOREVER and he could raise them AGAIN to prop up the NHS and public services because the Budget must confront 'harsh fiscal reality'

Daily Mail  

Keir Starmer today made clear there is no prospect of taxes coming down again after the looming Budget raid. Speaker rebukes Reeves over Budget briefing Lindsay Hoyle has rebuked Chancellor Rachel Reeves for not telling the Commons first about her intention to change the Government's fiscal rules. Sir Keir said local services to 'get Britain working' will benefit from a …

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole
4 months, 3 weeks ago

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But the government line of not commenting on any speculation regarding questions about the Budget …

Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi
4 months, 3 weeks ago

Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi

Daily Mail  

A minister dodged on whether bigger earners count as 'working people' today after Wes Streeting hinted they will be hammered with Budget tax hikes. Care minister Stephen Kinnock repeatedly refused to answer as he was grilled over whether the protection Labour promised at the election extended to those making six figures. Asked on Sky News whether people who earned more …

Here comes the Budget pain! From a 'tax on jobs' to raiding your pension pot and freezing thresholds AGAIN - how Rachel Reeves could hammer Brits to fill £40bn 'black hole' in the books
4 months, 3 weeks ago

Here comes the Budget pain! From a 'tax on jobs' to raiding your pension pot and freezing thresholds AGAIN - how Rachel Reeves could hammer Brits to fill £40bn 'black hole' in the books

Daily Mail  

Fears are mounting that Rachel Reeves will impose one of the biggest tax hikes in history at the Budget. The IFS has previously suggested the rule 'should be reformed', calculating that if employers were charged national insurance on pension contributions at 13.8 per cent it could raise £17billion a year. Inheritance tax - £1bn The Treasury's 'ready reckoner' indicates that …

Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists
4 months, 3 weeks ago

Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists

The Telegraph  

Rachel Reeves has been warned that an aggressive Budget tax raid risks opening up a £84bn “black hole” in the public finances by crippling economic growth. Analysis by the Growth Commission, an economic advisory group set up by Liz Truss, the former prime minister, suggests mooted tax rises in their most extreme form could knock 8.8pc off GDP growth per …

Reeves plans stealth taxes as Starmer prepares to splurge billions on NHS
4 months, 3 weeks ago

Reeves plans stealth taxes as Starmer prepares to splurge billions on NHS

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Sir Keir Starmer …

Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!
4 months, 3 weeks ago

Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!

Daily Mail  

Rachel Reeves was last night accused of breaking her promises to the British people as she is expected to extend a freeze on income tax thresholds in the Budget. Labour ruled out increases to taxes for ‘working people’ such as VAT, income tax and National Insurance as part of its election manifesto, so it has been targeting funds from historically …

Ministers mulling tax rise and cuts in Budget as they meet City bosses
4 months, 3 weeks ago

Ministers mulling tax rise and cuts in Budget as they meet City bosses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A raft of tax rises …

Rachel Reeves to hammer families in Budget by 'cutting inheritance tax and stamp duty relief' while upping fuel duty to help fill Treasury coffers (and vaping will cost more too)
4 months, 3 weeks ago

Rachel Reeves to hammer families in Budget by 'cutting inheritance tax and stamp duty relief' while upping fuel duty to help fill Treasury coffers (and vaping will cost more too)

Daily Mail  

Middle class families appear to be facing a Budget pummelling from Rachel Reeves as she looks to end tax breaks in a scramble for cash. The Chancellor will reportedly end a temporary increase to the stamp duty threshold, landing buyers with a £2,500 bill that will add £1.8billion to Treasury coffers. Rachel Reeves will not renew a 'temporary' 5p fuel …

Hundreds of business owners threaten to leave UK in event of Reeves tax raid
4 months, 3 weeks ago

Hundreds of business owners threaten to leave UK in event of Reeves tax raid

The Telegraph  

Hundreds of business owners have threatened to leave Britain if Rachel Reeves presses ahead with an expected tax raid in her Budget later this month. Nearly half of 500 surveyed business owners said they would consider moving their companies overseas if the Chancellor makes big tax rises, according to wealth managers Evelyn Partners. Toby Tallon, tax partner at Evelyn Partners, …

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package
4 months, 3 weeks ago

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package

Daily Mail  

Businesses, motorists and pension savers are braced for pain today amid fears Rachel Reeves could deliver one of the biggest ever tax-raising Budgets in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion …

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai
4 months, 3 weeks ago

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai

Daily Mail  

Rachel Reeves could hammer Brits with one of the biggest tax-raising Budgets ever in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion black hole' in the UK's finances will be enough only …

Reeves eyes up to £40bn in tax rises and spending cuts in Budget
5 months ago

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Institute for Fiscal Studies chief Paul Johnson said that …

Rachel Reeves boosts big business as she caps corporation tax at 25% and woos investment in Britain
5 months ago

Rachel Reeves boosts big business as she caps corporation tax at 25% and woos investment in Britain

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Reeves made her big pitch to business with a fourth …

The proof Reeves will be unable to squeeze the rich
5 months ago

The proof Reeves will be unable to squeeze the rich

The Telegraph  

Rachel Reeves’s tax raids are already unravelling. The problem is that these shoulders already bear a significant load, and Treasury officials, who have become increasingly concerned that Labour’s raids will raise little money, are starting to realise that they have options. New figures show that high-earning Britons are already paying more tax on their income for every extra £1 they …

Rachel Reeves urged to raise capital gains tax to 39pc by Labour think tank
5 months ago

Rachel Reeves urged to raise capital gains tax to 39pc by Labour think tank

The Telegraph  

Rachel Reeves should raise capital gains tax to as much as 39pc at her maiden Budget later this month, a Left-leaning think tank has said. A wholesale reform of CGT, including cracking down on reliefs to stop investors avoiding higher tax rates, could raise in the region of £9.5bn per year, according to economists at the think tank. This would …

What COULD be in Rachel Reeves' £25billion Budget 'tax bomb'? From CGT to NICs, pension pots and inheritance tax - the options for the Chancellor to milk more money from Brits
5 months ago

What COULD be in Rachel Reeves' £25billion Budget 'tax bomb'? From CGT to NICs, pension pots and inheritance tax - the options for the Chancellor to milk more money from Brits

Daily Mail  

The respected IFS think-tank has warned that Rachel Reeves needs to find around £25billion of tax hikes in the Budget if she wants to avoid austerity and meet Labour's manifesto commitments. The IFS has previously suggested the rule 'should be reformed', calculating that if employers were charged national insurance on pension contributions at 138 per cent it could raise £17billion …

Row over claims Rachel Reeves could hike capital gains tax as high as 39%
5 months ago

Row over claims Rachel Reeves could hike capital gains tax as high as 39%

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves is …

Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat
5 months ago

Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat

Daily Mail  

Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today. Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today The grim assessment comes from the respected IFS think-tank as …

Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers
5 months, 1 week ago

Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers

Daily Mail  

Rachel Reeves has called off her planned pension tax raid after being warned that it would unfairly impact up to a million teachers, nurses and other public sector workers. The original proposals would have seen public sector workers on £50,000 a year face an additional annual tax bill of £1,000. The Chancellor has cancelled a planned tax relief reduction on …

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