Rachel Reeves is accused of plotting a £20BILLION tax raid on pensions after denying Labour would increase VAT
9 months, 3 weeks ago

Rachel Reeves is accused of plotting a £20BILLION tax raid on pensions after denying Labour would increase VAT

Daily Mail  

Rachel Reeves was last night accused of plotting a £20billion tax raid on pensions after ruling out a VAT increase. Work and Pensions Secretary Mel Stride seized on a 2018 pamphlet written by the shadow chancellor in which she suggested tax relief on pension contributions paid by high earners 'could be restricted'. Rachel Reeves was last night accused of plotting a £20billion tax raid on pensions after ruling out a VAT increase Work and Pensions Secretary Mel Stride seized on a 2018 pamphlet written by the shadow chancellor in which she suggested tax relief on pension contributions paid by high earners 'could be restricted' Treasury analysis of Labour's plans has already identified a £38.5billion 'black hole', which would require the party to raise taxes unless Labour relaxes its spending rules. Labour leader Keir Starmer and Shadow Chancellor of the Exchequer Rachel Reeves in Stevenage on May 28 Prime Minister Rishi Sunak and Mel Stride visit a pub in Exeter Paul Johnson, director of the Institute for Fiscal Studies, said Labour's decision to rule out increases in the main rates of income tax, national insurance, corporation tax and VAT would leave Ms Reeves little room for manoeuvre – and could force her to target pensions.

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History of this topic

Rachel Reeves has six months to save her job: Rattled Labour MPs issue stark warning to Chancellor as unease over her £15bn plan to slash state spending intensifies
Trending News
6 hours, 3 minutes ago

Rachel Reeves has six months to save her job: Rattled Labour MPs issue stark warning to Chancellor as unease over her £15bn plan to slash state spending intensifies

Daily Mail  

Rachel Reeves has been warned that she has six months to save her job, as Labour MPs grow increasingly restive over her plan to slash state spending by £15 billion. Just 18 per cent want to see an increase in taxes, compared with the 40 per cent for cutting spending and 11 per cent who think public borrowing should be …

UK’s Reeves risks breaking budget promises, IFS think tank says
2 weeks, 3 days ago

UK’s Reeves risks breaking budget promises, IFS think tank says

Live Mint  

LONDON, March 6 - British finance minister Rachel Reeves could have to choose between tax rises and a return to austerity when she delivers a budget update this month, a leading think tank said on Thursday. The IFS said Reeves could extend a freeze on the thresholds at which people start to pay different income tax rates beyond its current …

Rachel Reeves 'plans to slash £5bn' from welfare as she scrambles to find more room for defence spending
Trending News
2 weeks, 3 days ago

Rachel Reeves 'plans to slash £5bn' from welfare as she scrambles to find more room for defence spending

Daily Mail  

Ministers are making the 'moral case' for cutting welfare as Rachel Reeves scrambles to find billions of pounds with the economy stalling and defence demands on the rise. Many blame the stuttering performance on the extra burden placed on businesses, while Ms Reeves has acknowledged that Britain will be hit by Donald Trump's tariffs even if only indirectly. Rachel Reeves …

Is Rachel Reeves inadvertently setting a sly trap which will make foreign investors flee?
3 weeks, 1 day ago

Is Rachel Reeves inadvertently setting a sly trap which will make foreign investors flee?

The Independent  

Amid the drumbeat of U-turns coming out of Downing Street, one in particular is being viewed with scepticism. As commentator Fraser Nelson found when he submitted a freedom of information request, “the top 0.01 per cent – that’s the top 3,740 taxpayers – are expected to pay over 5 per cent of all income tax this year, an average of …

Income tax will have to rise, ex-Bank of England chief warns, as he blasts Reeves’ ‘irresponsible’ promises
3 weeks, 2 days ago

Income tax will have to rise, ex-Bank of England chief warns, as he blasts Reeves’ ‘irresponsible’ promises

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. open image in gallery Mervyn King was the chancellor’s boss at the Bank of England …

Can Rachel Reeves survive questions over her expenses and CV?
1 month, 1 week ago

Can Rachel Reeves survive questions over her expenses and CV?

The Independent  

How much easier would Keir Starmer’s life be if his chancellor, Rachel Reeves, decided that the various allegations flying around about her CV and past behaviour at a bank were “too much of a distraction” from the important work of the government? Obviously these fresh questions about Reeves’s personal behaviour in the past – some dating back 20 years – …

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, 2 weeks 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. …

Would Rachel Reeves dare launch a tax raid on our ISAs?
1 month, 2 weeks ago

Would Rachel Reeves dare launch a tax raid on our ISAs?

The Independent  

When Rachel Reeves increased national insurance for employers in last October’s Budget, she also put a dent in annual pay rises. The government spends around £5bn annually on upfront tax reliefs on ISA savings accounts, which allow people to save up to £20,000 every year, with no tax to be paid on any interest, dividends and/or capital gains accrued. In …

Rachel Reeves will publish tax return in U-turn hours after refusing to do so
1 month, 3 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 …

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 plans to soften non-dom reforms after listening to concerns
1 month, 3 weeks ago

Reeves plans to soften non-dom reforms after listening to concerns

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. “And in the finance bill, we will be tabling …

Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget
3 months ago

Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget

Daily Mail  

Rachel Reeves was yesterday accused of ‘outright falsehood’ over her claims about Labour’s handling of the economy The Chancellor was mauled by former Bank of England official Andrew Sentance over her response to figures showing inflation climbed to 2.6 per cent in November, an eight-month high amid increasing evidence that the party is derailing Britain’s recovery. Ms Reeves claimed in …

Labour's tax raid on family farms 'could cost more than it raises for the Treasury'
3 months ago

Labour's tax raid on family farms 'could cost more than it raises for the Treasury'

Daily Mail  

Labour's tax raid on farms could end up costing more than it raises for the Treasury, it was claimed today. Income tax and other levies could be £2.6billion lower over the next five years, wiping out the £1.38billion Rachel Reeves hopes to raise. The report comes as farmers ramp up their campaign for the government to rethink the Budget measures …

Labour MP becomes first to attack party’s inheritance tax raid on farms
3 months, 2 weeks ago

Labour MP becomes first to attack party’s inheritance tax raid on farms

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. The move will increase pressure on the chancellor Rachel Reeves to U-turn on her inheritance …

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
3 months, 2 weeks 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 …

Reeves denies claims she is about to exempt over-80s from family farm tax
4 months ago

Reeves denies claims she is about to exempt over-80s from family farm tax

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 A source close to Rachel Reeves has strongly denied reports that …

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, 1 week 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 …

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, 1 week 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 …

Reeves accused of business ‘betrayal’ as top bank warns over tax hikes
4 months, 1 week 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: …

Pubs and restaurants tell Reeves they face closures and ‘drastic’ job cuts after tax raid
4 months, 1 week ago

Pubs and restaurants tell Reeves they face closures and ‘drastic’ job cuts after tax raid

The Telegraph  

Britain’s biggest pubs, hotels and restaurants have told Rachel Reeves they face being forced to shut sites and make “drastic” job cuts after the Chancellor launched a tax grab on employers. In a letter to Ms Reeves, more than 200 hospitality bosses warned the sharp increases in National Insurance contributions were “unsustainable” and would lead to venues shutting down and …

Rachel Reeves accused of covering up impact of National Insurance raid on workers
4 months, 2 weeks ago

Rachel Reeves accused of covering up impact of National Insurance raid on workers

The Telegraph  

The Chancellor has been accused of covering up the impact of her National Insurance raid on workers. While all tax policy changes are accompanied by an impact assessment known as a Tax Information and Impact Note, the Government did not publish one alongside the £25 billion National Insurance raid on employers announced in the Budget, it has emerged. Mel Stride, …

Rachel Reeves driving up prices with tax and spend Budget, warns Bank of England
4 months, 2 weeks ago

Rachel Reeves driving up prices with tax and spend Budget, warns Bank of England

The Telegraph  

In his first assessment of the Chancellor’s maiden Budget, Governor Andrew Bailey said a “substantial” increase in public spending and tax changes that “clearly raise the cost of employment” will drive prices higher over the next three years. It came as shares on Wall Street continued to scale record highs amid expectations of a fresh wave of tax cuts and …

Rachel Reeves rejects alternative for ‘cruel’ family farm tax
4 months, 2 weeks ago

Rachel Reeves rejects alternative for ‘cruel’ family farm tax

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 has …

Reeves’s tax raid warning wipes £300m off house building giant
4 months, 2 weeks ago

Reeves’s tax raid warning wipes £300m off house building giant

The Telegraph  

Housebuilder Persimmon suffered a £300m reduction in its value on Tuesday after it warned that Rachel Reeves’s Budget tax rises will lead to a “period of squeeze” for developers. The FTSE 100 group, whose shares boomed after Labour’s election victory in July, spooked investors after raising concerns over increasing costs which emerged during its negotiations with suppliers. Shares in the …

How the ‘tractor tax’ became a problem for Rachel Reeves
Trending News
4 months, 2 weeks 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 …

Rachel Reeves is warned a generation could abandon farming as she defends Budget inheritance raid
4 months, 2 weeks ago

Rachel Reeves is warned a generation could abandon farming as she defends Budget inheritance raid

Daily Mail  

Rachel Reeves has been warned a generation could give up farming as she defended her Budget inheritance raid. Rachel Reeves has been warned a generation could give up farming as she defended her Budget inheritance raid Ms Wilson said: 'On paper our farm is a valuable asset. Ms Reeves told the Sunday With Laura Kuenssberg programme that 'only a very …

Chancellor: I was ‘wrong’ on taxes during election
4 months, 2 weeks ago

Chancellor: I was ‘wrong’ on taxes during election

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 Chancellor Rachel Reeves has said …

Rachel Reeves admits she was 'wrong' to say taxes would not have to rise during election campaign after massive Budget raid... as poll finds four in 10 Brits believe package WILL hit their own pockets
4 months, 2 weeks ago

Rachel Reeves admits she was 'wrong' to say taxes would not have to rise during election campaign after massive Budget raid... as poll finds four in 10 Brits believe package WILL hit their own pockets

Daily Mail  

This video is no longer available This video is no longer available Rachel Reeves today admitted she was wrong to say during the election campaign that taxes would not have to rise. Ms Reeves has faced a backlash for raising employers' national insurance contributions, capital gains tax and inheritance tax to fund a public sector spending bonanza. The IFS has …

Rachel Reeves plots pensions industry 'big bang' for investment as she scrambles to stop Budget squeezing growth... while poll finds four in 10 Brits believe high-tax package WILL hit their pockets
4 months, 2 weeks ago

Rachel Reeves plots pensions industry 'big bang' for investment as she scrambles to stop Budget squeezing growth... while poll finds four in 10 Brits believe high-tax package WILL hit their pockets

Daily Mail  

Rachel Reeves has signalled a pension industry 'big bang' to free up billions for Labour's infrastructure splurge. Rachel Reeves has signalled a pension industry 'big bang' to free up billions for Labour 's infrastructure splurge Your browser does not support iframes. 'In a couple of weeks' time I will deliver my first Mansion House speech setting out my ambitions for …

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast
4 months, 3 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 …

Voters slam Labour's tax and spend Budget: Only a fifth of Brits think Rachel Reeves' blueprint will boost the economy and half oppose Chancellor squeezing firms to fill Treasury coffers
4 months, 3 weeks ago

Voters slam Labour's tax and spend Budget: Only a fifth of Brits think Rachel Reeves' blueprint will boost the economy and half oppose Chancellor squeezing firms to fill Treasury coffers

Daily Mail  

Only a fifth of voters believe Labour's tax and spend Budget will improve the UK economy, a new poll revealed today as Rachel Reeves continued to feel the heat. It came as the Chancellor and her Treasury team faced pressure and market jitters over a Budget that will raise £40billion through new taxes towards increased state spending of almost £70 …

Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank
4 months, 3 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, 3 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 …

Has the Reeves Budget made it through Day 2 relatively unscathed?
4 months, 3 weeks ago

Has the Reeves Budget made it through Day 2 relatively unscathed?

The Independent  

The broadcasters flew no helicopter over the Institute for Fiscal Studies’ modest premises in Bloomsbury on Thursday morning, but the verdict issued by Paul Johnson and his team is almost as important as the Budget itself, which got the full Skycopter treatment. He said her new primary fiscal rule was “sensible”, and that the spending increases look big relative to …

Rachel Reeves gambles on £40bn tax rise in her first Budget
4 months, 3 weeks ago

Rachel Reeves gambles on £40bn tax rise in her first Budget

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 gambled …

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, 3 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, 3 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, 3 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, 3 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 …

Budget tax raid will mean lower private sector pay rises, admits Reeves
4 months, 3 weeks ago

Budget tax raid will mean lower private sector pay rises, admits Reeves

The Telegraph  

Rachel Reeves has admitted that private sector workers will be paid less as a result of her Budget tax raid to fund a massive expansion of the state. Public sector employees – many of whom have already been granted inflation-busting pay rises by the Government – are being spared from the raid. It is likely to deepen a rift between …

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, 3 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 …

Reeves uses first Budget to hike taxes, increase...
4 months, 3 weeks ago

Reeves uses first Budget to hike taxes, increase...

Daily Mail  

Rachel Reeves raised taxes to a historic high and sent borrowing soaring as she gambled on increased spending to boost growth and repair public services. But despite Labour’s promises to protect “working people”, a £25.7 billion increase in national insurance contributions paid by employers is likely to reduce wages and lead to job losses. Rebuilding Britain.” But Tory leader Rishi …

Reeves uses first Budget to hike taxes, increase borrowing and boost spending
4 months, 3 weeks ago

Reeves uses first Budget to hike taxes, increase borrowing and boost spending

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. But despite Labour’s promises to protect “working people”, a …

DAN HODGES: This Budget was crude, old-fashioned class politics... and that's why it's bad news for the Tories
4 months, 3 weeks ago

DAN HODGES: This Budget was crude, old-fashioned class politics... and that's why it's bad news for the Tories

Daily Mail  

In the run up to her first Budget, Rachel Reeves set a trap for the Tories. Over the last few weeks, a flurry of leaks indicated she was set to break her election pledge not to raise taxes on working people, but it was all a political feint, DAN HODGES writes But she knew it was real long before, because …

Rachel Reeves hikes stamp duty – but chancellor warned renters will pay price
4 months, 3 weeks ago

Rachel Reeves hikes stamp duty – but chancellor warned renters will pay price

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 has been warned her decision to hike stamp duty …

Rishi's rage! Furious Tories lash out at Rachel Reeves' Budget for 'fiddling the figures' and accuse Labour of lying to voters at the election after seismic £40billion tax raid
4 months, 3 weeks ago

Rishi's rage! Furious Tories lash out at Rachel Reeves' Budget for 'fiddling the figures' and accuse Labour of lying to voters at the election after seismic £40billion tax raid

Daily Mail  

Rachel Reeves was accused of 'fiddling the figures' and Labour of lying to the public to get elected today as the Chancellor unveiled a massive £40billion tax raid. In his final Commons appearance before stepping down as Tory leader, Rishi Sunak said that the financial bombshell was 'proof' that Labour planned to 'tax, borrow and spend far beyond' what they …

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, 3 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, 3 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 …

Millions of working people will suffer from Reeves’s first Budget, warns OBR
4 months, 3 weeks ago

Millions of working people will suffer from Reeves’s first Budget, warns OBR

The Telegraph  

Millions of working people will suffer from Rachel Reeves’ Budget tax raid, the Government’s fiscal watchdog has warned. Workers will pay for 80pc of the Chancellor’s increase in employer National Insurance in the long term through lost wage increases and lower income, according to the Office for Budget Responsibility. Homeowners also face hundreds of pounds more in mortgage bills, with …

Labour were right to break their promise on taxes – we should all be paying more
4 months, 3 weeks ago

Labour were right to break their promise on taxes – we should all be paying more

The Independent  

We knew their promises were undeliverable. “You don’t need to win an election to find that out.” But we knew that she would put taxes up anyway. Just after the election was called in May, Ipsos asked voters how likely it was that either party would “increase taxes that you personally pay” if they won: 56 per cent thought it …

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