Papers react to Labour’s Budget ‘gamble’
5 months ago

Papers react to Labour’s Budget ‘gamble’

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. Ms Reeves said Labour’s first Budget since 2010 would be a one-off to “wipe the slate clean” and provide billions in extra support for the nation’s services, including schools, hospitals, transport and housing. “The election promise not to raise National Insurance was broken, the pledge not to fuddle the figures to allow for more borrowing was abandoned and the claim of a £22 billion ‘black hole’ was exposed as the shameless political fiction everyone knew it to be.” Labour’s Budget “threatens stagnation”, according to The Times, which asks: “Where’s the growth?” A leading article says the Budget represented “a familiar definition of Labour in power”, pointing to “the highest tax take on record, higher borrowing, higher spending on schools and hospitals, and a bill underwritten by employers and the asset-rich”. The paper also accuses Labour of u-turning on its pre-election promises, writing: “Whatever she now claims, not once did Ms Reeves ever indicate that she planned to raise an additional £25 billion from higher rates of national insurance on employers.” Conversely, the Daily Mirror calls the Budget a “bold, confident” package that “addressed the incredible damage caused by 14 years of Conservative austerity, injustice and neglect”. The paper’s leading article highlights Ms Reeves’s “hard decision” to raise taxes “in order to provide the funding our schools and hospitals so desperately need”.

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History of this topic

Chancellor blames global turmoil after GDP fell 0.1% in January - with no mention of Labour's tax raid on National Insurance or raft of new workers' rights
2 weeks, 3 days ago

Chancellor blames global turmoil after GDP fell 0.1% in January - with no mention of Labour's tax raid on National Insurance or raft of new workers' rights

Daily Mail  

Rachel Reeves yesterday tried to blame global turmoil after official figures raised fears that the economy is heading for recession under Labour. Yet she made no acknowledgment of the effect of the Government's tax raid on employer National Insurance and a raft of new workers' rights. Rachel Reeves during a March visit to Rosyth to discuss boosting economic growth Tory …

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

Three quarters of a million hospitality workers ‘dragged into higher tax regime’ following Budget
2 months, 1 week ago

Three quarters of a million hospitality workers ‘dragged into higher tax regime’ following 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. Chancellor Rachel Reeves said at the Budget last year …

How long will the shadow of Reeves’ Budget hang over Britain’s gloomy economy?
3 months, 1 week ago

How long will the shadow of Reeves’ Budget hang over Britain’s gloomy economy?

The Independent  

Fun fact: the OECD still predicts that Britain’s economy will be one of the stars of the G7 during 2025 with growth of 1.7 per cent, lagging only behind the US at 2.4 per cent. Labour’s tax-raising budget, and particularly the decision to raise £24bn by hiking employer national insurance contributions looms large over UK plc. The Bank of England’s …

Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget
3 months, 1 week 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 …

Difficult decisions for employers after national insurance hike, says minister
3 months, 2 weeks ago

Difficult decisions for employers after national insurance hike, says 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 Employers face “difficult decisions” as …

New Budget blow to Rachel Reeves as disability charity says it may be forced to scrap key services
3 months, 2 weeks ago

New Budget blow to Rachel Reeves as disability charity says it may be forced to scrap key services

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 leading disability charity has warned it may be forced to …

Rachel Reeves’ Budget ‘a recipe for total disaster’ for nurseries, Tories claim
3 months, 3 weeks ago

Rachel Reeves’ Budget ‘a recipe for total disaster’ for nurseries, Tories claim

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. Read our privacy policy Rachel Reeves’ Budget is “a recipe for total disaster” with …

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
3 months, 4 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 …

MPs support national insurance hike for employers amid ‘jobs tax’ warning
3 months, 4 weeks ago

MPs support national insurance hike for employers amid ‘jobs tax’ warning

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 Government moves to increase employer …

British economy takes 'a decisive turn for the worse' since the Budget
3 months, 4 weeks ago

British economy takes 'a decisive turn for the worse' since the Budget

Daily Mail  

The outlook for the British economy has taken ‘a decisive turn for the worse’ since the Budget, according to business. Despite previously branding national insurance as a ‘jobs tax’ that makes it more expensive to hire new staff, she raised the levy paid by employers from 13.8 per cent to 15 per cent and cut the threshold at which firms …

Charities in ‘real danger’ due to employers’ national insurance rise, Tories say
4 months ago

Charities in ‘real danger’ due to employers’ national insurance rise, Tories say

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. Shadow culture secretary Stuart Andrew said the Government’s “charity tax” will cost the charitable …

Scottish Government will get no more than £330m for national insurance increase
4 months ago

Scottish Government will get no more than £330m for national insurance increase

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 The Treasury will provide no …

DAILY MAIL COMMENT: Farmers cry of rage at Budget betrayal
4 months, 1 week ago

DAILY MAIL COMMENT: Farmers cry of rage at Budget betrayal

Daily Mail  

This was the day the farmers came to town. Changes to inheritance tax in Rachel Reeves’s baleful Budget mean many farms can no longer be passed down the generations without punitive death duties, which countless families will be unable to cover. In an open letter yesterday, Britain’s biggest retailers warned the Chancellor’s short-sighted tax assault would bring higher prices and …

Budget risks causing job cuts, says Bailey
4 months, 1 week ago

Budget risks causing job cuts, says Bailey

The Telegraph  

The Governor of the Bank of England has warned Rachel Reeves’s tax-raising Budget has put jobs at risk. Andrew Bailey said retailers were “right” to warn of potential job cuts as a result of the £40bn of tax rises in the Chancellor’s speech last month, referring to an industry-wide letter published today. Dozens of Britain’s biggest retailers have warned Ms …

Job losses and price hikes inevitable, warn UK’s biggest firms in stark message to Rachel Reeves over Budget
4 months, 2 weeks ago

Job losses and price hikes inevitable, warn UK’s biggest firms in stark message to Rachel Reeves over 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 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 Price hikes and job cuts are inevitable following Labour’s Budget, business …

High street firms face ‘terrible choices’ after Budget tax rises
4 months, 2 weeks ago

High street firms face ‘terrible choices’ after Budget tax rises

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 Hospitality and retail businesses have …

Hospitality bosses warn national insurance changes ‘unsustainable’
4 months, 3 weeks ago

Hospitality bosses warn national insurance changes ‘unsustainable’

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. Read our privacy policy Hospitality bosses have told Rachel Reeves her changes to National …

‘Seriously?’: Economist blasts Treasury’s ‘dubious’ tax raid tweet
4 months, 3 weeks ago

‘Seriously?’: Economist blasts Treasury’s ‘dubious’ tax raid tweet

The Telegraph  

The Treasury has been accused of making “dubious” claims over Rachel Reeves’s Budget tax raid after declaring it was not raising National Insurance rates. Paul Johnson, the director of the Institute for Fiscal Studies, hit out at the Treasury after it posted on social media that it was “not increasing the basic, higher or additional rates of Income Tax, National …

Labour accused of ‘absurd’ plan to break manifesto pledge over national insurance hike
4 months, 3 weeks ago

Labour accused of ‘absurd’ plan to break manifesto pledge over national insurance hike

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. Shadow work and pensions secretary …

Will the NHS make the most of its extra £26bn?
4 months, 4 weeks ago

Will the NHS make the most of its extra £26bn?

The Independent  

If national insurance were a hypothecated tax, as originally intended, the link between paying it and getting its benefits would be clearer. What is so sad about the knee-jerk reaction of the NHS to the rise in employer national insurance contributions is the warning it gives about where the extra £26bn from the chancellor will go. Huzaifa Talib Khety Address …

Is the backlash against Reeves’s national insurance hike justified?
4 months, 4 weeks ago

Is the backlash against Reeves’s national insurance hike justified?

The Independent  

It should probably come as no surprise that what the chancellor, Rachel Reeves, once described as “a tax on jobs” has turned out to be. In particular, the “secondary threshold” – the level at which employers become liable to pay national insurance on each employee’s salary – will come down from £9,100 per year to £5,000 per year. The health …

Budget 2024: Rachel Reeves faces backlash from GPs, care homes and hospices over national insurance hike
4 months, 4 weeks ago

Budget 2024: Rachel Reeves faces backlash from GPs, care homes and hospices over national insurance 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 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. But while the NHS and the rest of the public …

We’ve all got Liz Truss PTSD, says minister as he defends market reaction to Budget
4 months, 4 weeks ago

We’ve all got Liz Truss PTSD, says minister as he defends market reaction to 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 }} Labour’s first Budget …

Budget tax hikes will be ‘devastating’ for charities, body warns
4 months, 4 weeks ago

Budget tax hikes will be ‘devastating’ for charities, body warns

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 Charities which are “already in …

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists
4 months, 4 weeks ago

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists

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 The UK is in a …

Reeves gives Labour post-Budget poll boost despite £40bn tax row
4 months, 4 weeks ago

Reeves gives Labour post-Budget poll boost despite £40bn tax row

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 }} Labour has seen …

Chancellor Rachel Reeves finally admits her National Insurance rise will hit working people
5 months ago

Chancellor Rachel Reeves finally admits her National Insurance rise will hit working people

Daily Mail  

RACHEL Reeves yesterday admitted her bombshell Budget will squeeze the wages of millions of working people. But economists warned that most of her £25 billion raid on employer National Insurance would be passed on to workers through lower wages. Chancellor Rachel Reeves told MPs on Wednesday that she had protected workers by freezing direct taxes on their pay Economists warned …

US employers rethink plans for UK after Reeves’s £25bn jobs tax
5 months ago

US employers rethink plans for UK after Reeves’s £25bn jobs tax

The Telegraph  

American bosses are reconsidering their UK investment plans after Rachel Reeves launched a £25bn tax raid on employers, a transatlantic trade body has warned. Duncan Edwards, the chief executive of British American Business, said the Chancellor’s move to increase National Insurance costs had made the UK “less attractive”. “For the UK leaders of American-owned companies looking to get more investment …

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest
5 months ago

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest

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. open image in gallery According to the Office for …

Budget ‘biggest-ever assault’ on competitiveness, says former chancellor Hunt
5 months ago

Budget ‘biggest-ever assault’ on competitiveness, says former chancellor Hunt

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. Opening a Commons Budget debate …

Watch: Starmer and Reeves speak after Labour’s £40bn tax-raising Budget
5 months ago

Watch: Starmer and Reeves speak after Labour’s £40bn tax-raising 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. She revealed new taxation measures that aim to raise £40bn …

UK Treasury chief admits business tax rise could lead to lower than anticipated wages
5 months ago

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

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 {{ …

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns
5 months ago

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

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. Mr Johnson said: “The growth forecasts are pretty awful, there …

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
5 months 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 …

Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you
5 months 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 {{ …

Employers warn of crisis as Reeves increases NI contributions
5 months ago

Employers warn of crisis as Reeves increases NI contributions

The Telegraph  

Corporate Britain has sounded a warning about hiring freezes and pay cuts after emerging as the biggest loser of a £40bn tax raid. Pubs, restaurants and cafes, which rely on part-time staff, could see their tax bills rise by a collective £1bn as a result of the changes, UKHospitality warned, as firms will have to start paying National Insurance Contributions …

Watch: Office for Budget Responsibility responds to Rachel Reeves’ £40bn tax hikes
5 months ago

Watch: Office for Budget Responsibility responds to Rachel Reeves’ £40bn 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 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 }} Watch as chair …

Reeves uses first Budget to hike taxes, increase...
5 months 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
5 months 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 …

Employer national insurance hike to slow hiring and wage growth, critics say
5 months ago

Employer national insurance hike to slow hiring and wage growth, critics say

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 The Chancellor has admitted that …

Budget 2024: What was missing from Labour’s historic event?
5 months ago

Budget 2024: What was missing from Labour’s historic event?

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. Rachel Reeves holds the chancellor’s iconic red briefcase However, there …

Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid
5 months ago

Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid

Daily Mail  

Martin Lewis has given a definitive run down on Rachel Reeves' Budget, as he warned that 'someone will have to pay' for Labour's new policies. Feel free to share pic.twitter.com/ewDye8xn2S — Martin Lewis October 30, 2024 Mr Lewis, the founder of MoneySavingExpert.com, asked how the businesses will pay for a £615 surge per employee 'For the employers who pay it, …

Reeves goes after employers with young workers the clear winners
5 months ago

Reeves goes after employers with young workers the clear winners

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 took aim …

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax
5 months ago

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance 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 }} Welcome to an …

Employers National insurance: How will the Budget tax rise affect you?
5 months ago

Employers National insurance: How will the Budget tax rise affect you?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines 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 …

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement
5 months ago

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement

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 unveil Labour’s first Budget in a …

More spending and tax hikes expected in the first budget from Britain's Labour government
5 months ago

More spending and tax hikes expected in the first budget from Britain's Labour government

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 }} British Treasury chief …

Every way Labour has defined ‘working people’ ahead of the Budget
5 months ago

Every way Labour has defined ‘working people’ ahead of the 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 }} Labour ministers have …

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