Millions to get bumper pay rises in Budget: Chancellor Rachel Reeves is set to announce 6% hike in National Living Wage to at least £12.12-an-hour
2 months, 1 week ago

Millions to get bumper pay rises in Budget: Chancellor Rachel Reeves is set to announce 6% hike in National Living Wage to at least £12.12-an-hour

Daily Mail  

Millions are in line for pay rises as Rachel Reeves gears up to announce an inflation-busting rise in the minimum wage to at least £12.12-an-hour. Government sources say the Chancellor will use tomorrow's Budget to unveil a 'significant' rise in what will be rebranded the 'new living wage'. While this will boost many workers' pay packets, it could also deal a blow to firms' bottom lines and raise fears they could delay or even cancel decisions to hire new staff. The Low Pay Commission, which advises the Government on the level of the 'National Living Wage', has previously projected that the minimum could rise by 3.9 per cent next April – double the rate of inflation – which would take it from £11.44 an hour to £11.89. Government sources said the Chancellor would use tomorrow's Budget to unveil a 'significant' rise in what will be rebranded the 'new living wage' While this will boost many workers' pay packets, it will also deal a blow to many firms' bottom lines and raise fears they could delay or even cancel decisions to hire new staff But government sources indicated the final figure will be higher as the quango will now be using a new mandate handed to it by Ms Reeves in the summer, which will require it to take greater account of the cost of living.

Business Tax Budget Investment Pay Reeves Working Wage Rise Ms Reeves Government Sources  set  reeves  wage  millions  tax  pay  small  rachel  hike  national  working  living  business  rises  raise  investment  rise  workers

History of this topic

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

UK economy shrinks again in another blow to Reeves, new figures show
3 weeks, 5 days ago

UK economy shrinks again in another blow to Reeves, new figures show

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 said the figures were disappointing “We are determined to deliver economic growth as …

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

Rachel Reeves brushes off business: Chancellor tells angry business chiefs nobody has any 'alternatives' to her massive Budget tax raid - despite half of firms warning of job cuts
1 month, 2 weeks ago

Rachel Reeves brushes off business: Chancellor tells angry business chiefs nobody has any 'alternatives' to her massive Budget tax raid - despite half of firms warning of job cuts

Daily Mail  

A bullish Rachel Reeves today dismissed business anger over her monster Budget tax raid by insisting no-one has any better ideas. Chancellor Rachel Reeves acknowledged anxiety about the impact of the measures in her bombshell fiscal package as she was grilled at the CBI conference CBI chief executive Rain Newton-Smith insisted industries such as retail and hospitality have been pushed …

UK economy under Labour stalls - what that means for you and your money
1 month, 3 weeks ago

UK economy under Labour stalls - what that means for you and your money

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 …

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
1 month, 3 weeks 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 …

Job losses and price hikes inevitable, warn UK’s biggest firms in stark message to Rachel Reeves over Budget
1 month, 3 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 …

Is the ‘Budget for working people’ about to bite supermarket shoppers?
1 month, 4 weeks ago

Is the ‘Budget for working people’ about to bite supermarket shoppers?

The Independent  

Is chancellor Rachel Reeves’s decision to hike employers’ national insurance contributions about to hit us all – and right in the supermarket baskets? According to analysis by investment bank Morgan Stanley, Tesco, the big dog of the UK’s grocery sector, expects to face a £1bn national insurance tax bill over the next four years. Reeves chose this as the principal …

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

Pay growth slumps to near four year low
2 months ago

Pay growth slumps to near four year low

The Telegraph  

Pay growth has slumped to its lowest pace since February 2021 as bosses warn Rachel Reeves’ Budget tax raid will hit hiring. Permanent wage growth dropped from 52.8 in September to nearly a four-year low of 52.5 in October, just before the Chancellor’s Autumn Statement, according to the KPMG and REC UK Report on Jobs index. Demand for staff fell …

What the Budget means for different ages: From renters and families to the retired
2 months ago

What the Budget means for different ages: From renters and families to the retired

Daily Mail  

Rachel Reeves's £40 billion tax bonanza will affect the financial wellbeing of millions of households for years to come. Smash-and-grab: Rachel Reeves's £40 billion tax bonanza will affect the financial wellbeing of millions of households for years to come Young workers, renting and first-time buyers First-time buyers could face paying thousands more in stamp duty after Rachel Reeves lowered key …

Will the Budget cost you money - and did Rachel Reeves do a good job? This is Money podcast
2 months, 1 week 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 …

Chancellor seeks to calm markets amid jitters after Budget borrowing spree
2 months, 1 week ago

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

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 is seeking …

Martin Lewis blasts Rachel Reeves for not coming on his ITV Money Show as he tears apart Autumn Budget in a brutal rant
2 months, 1 week ago

Martin Lewis blasts Rachel Reeves for not coming on his ITV Money Show as he tears apart Autumn Budget in a brutal rant

Daily Mail  

Martin Lewis publicly blasted the Chancellor for not appearing on his popular ITV show yesterday and said she had 'missed the chance to give her interpretation' on the Autumn Budget. Martin Lewis publicly blasted the Chancellor for not appearing on his popular ITV show yesterday and said she had 'missed the chance to give her interpretation' In a package that …

Chancellor Rachel Reeves finally admits her National Insurance rise will hit working people
2 months, 1 week 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 …

Reeves admits NI hike could hit pay rises while markets react to borrowing spree
2 months, 1 week ago

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

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. “It will mean that businesses will have to absorb …

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest
2 months, 1 week 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 …

UK Treasury chief admits business tax rise could lead to lower than anticipated wages
2 months, 1 week 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
2 months, 1 week 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
2 months, 1 week 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 …

DAILY MAIL COMMENT: This was a painful budget - with worse to come
2 months, 1 week 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 …

Reeves uses first Budget to hike taxes, increase...
2 months, 1 week 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
2 months, 1 week 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 …

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
2 months, 1 week 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
2 months, 1 week 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 …

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
2 months, 1 week 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 …

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement
2 months, 1 week 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 …

Millions of working people will suffer from Reeves’s first Budget, warns OBR
2 months, 1 week 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 …

The charts that show why Reeves has condemned Britain to a low-growth future
2 months, 1 week ago

The charts that show why Reeves has condemned Britain to a low-growth future

The Telegraph  

Ms Reeves’s decision to ramp up employers’ National Insurance will not help, as it imposes costs on businesses – which will be less likely to hire workers as a result – and on staff, who can expect smaller wage increases as a result of the policy. The OBR said higher pay growth in the near term would be followed by …

Unions tell Reeves they expect huge public sector pay rise in new year despite £40bn Budget black hole
2 months, 1 week ago

Unions tell Reeves they expect huge public sector pay rise in new year despite £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. The Independent has been told that union bosses have made it clear they expect massive …

Boost for low-paid as minimum wage set to rise by 6% in Budget
2 months, 1 week ago

Boost for low-paid as minimum wage set to rise by 6% in 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. Rachel Reeves will become the first woman to deliver a Budget The minimum wage, or …

Starmer intervenes in ‘working people’ Budget row with grim warning
2 months, 1 week ago

Starmer intervenes in ‘working people’ Budget row with grim warning

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. Prime minister Keir Starmer promised the Budget will ‘ignore the …

Reeves to hand workers pay rises of more than triple rate of inflation
2 months, 1 week ago

Reeves to hand workers pay rises of more than triple rate of inflation

The Telegraph  

Tina McKenzie, of the Federation of Small Businesses, said: “Any increase to the NLW must be accompanied with powerful government measures to help small businesses create and sustain jobs. Almost four in five of small business employers say the Employment Allowance should rise in line with the NLW every year.” Ms Reeves decision to raise the minimum wage will be …

No tax hike on payslips, vows minister amid confusion over definition of ‘working people’
2 months, 1 week ago

No tax hike on payslips, vows minister amid confusion over definition of ‘working people’

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. open image in gallery Education Secretary Bridget Phillipson refused repeatedly to say whether a …

Rachel Reeves 'plans to hike employers' National Insurance by up to two percentage points in Budget to raise £20bn for public services'
2 months, 2 weeks ago

Rachel Reeves 'plans to hike employers' National Insurance by up to two percentage points in Budget to raise £20bn for public services'

Daily Mail  

Rachel Reeves is set to increase employers' national insurance contributions by up to two percentage points to collect billions to help fund the NHS. The changes to employers' national insurance contributions are set to be the single largest revenue raiser of next week's Budget. Rachel Reeves is set to increase employers' national insurance by up to two percentage points to …

How Rachel Reeves' budget could make the gulf between public and private pensions even wider
2 months, 2 weeks ago

How Rachel Reeves' budget could make the gulf between public and private pensions even wider

Daily Mail  

A huge chasm between generous public sector pensions and squeezed private sector pensions could be blown even wider next week. Chancellor Rachel Reeves is expected to protect public sector workers from a raid on employers’ pension contributions in the Budget. Chancellor Rachel Reeves is expected to protect public sector workers from a raid on employers’ pension contributions in the Budget …

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole
2 months, 2 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
2 months, 2 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 …

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package
2 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 …

‘We will keep manifesto promise on tax,’ says Starmer amid Budget speculation
2 months, 3 weeks ago

‘We will keep manifesto promise on tax,’ says Starmer amid Budget speculation

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 Prime Minister has declined …

Reeves accused of hypocrisy after admitting NI raid would hit workers’ pay
2 months, 3 weeks ago

Reeves accused of hypocrisy after admitting NI raid would hit workers’ pay

The Telegraph  

Rachel Reeves has been accused of hypocrisy after it emerged she previously admitted that increasing National Insurance for employers would hit workers’ pay. The Chancellor is thought to be planning to increase NI contributions for employers as part of a package of measures designed to raise £40 billion in this month’s Budget. Two years ago, Ms Reeves, when she was …

With her first Budget, the chancellor must make the pips squeak – but how?
2 months, 4 weeks ago

With her first Budget, the chancellor must make the pips squeak – but how?

The Independent  

Is the government planning a capital gains tax raid? The possibility that, in her first Budget later this month, chancellor Rachel Reeves will push the rates into the stratosphere has created quite the tizzy – and prompted fierce government denials. The fuss over CGT has been caused by reports that the chancellor is considering pushing it up to as much …

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
2 months, 4 weeks 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%
2 months, 4 weeks 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
2 months, 4 weeks 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 …

Wealth Taxes Are the Obvious Revenue Target for Reeves
4 months, 4 weeks ago

Wealth Taxes Are the Obvious Revenue Target for Reeves

Bloomberg  

It’s a question of when, not if, the UK’s Labour government unfurls the tax increases needed to plug a yawning budget deficit. Chancellor of the Exchequer Rachel Reeves has ruled out higher income or sales taxes, which contribute three-fifths of the total tax take, so it looks inevitable that accumulated wealth will have to be targeted instead. There are areas …

Rachel Reeves confirms taxes will rise in her first budget in October
5 months, 1 week ago

Rachel Reeves confirms taxes will rise in her first budget in October

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. And, setting the scene for a brutal financial statement, she …

Watch as chancellor Rachel Reeves sets out Labour’s plan for economic growth
5 months, 1 week ago

Watch as chancellor Rachel Reeves sets out Labour’s plan for economic growth

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 Watch as Rachel Reeves sets out her plan for economic growth …

Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way
5 months, 2 weeks ago

Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way

Daily Mail  

Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn. Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn The Chancellor is expected to implement tax increases …

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