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Articles for Stealth, search results for chancellor

Builders, electricians and farmers will be hit by new stealth tax bombshell buried deep in Rachel Reeves' Budget
1 month, 3 weeks ago

Builders, electricians and farmers will be hit by new stealth tax bombshell buried deep in Rachel Reeves' Budget

Daily Mail  

Builders, electricians and farmers in Britain are set to be hit by a new stealth tax buried in the Budget. The new rule set to be introduced by Chancellor Rachel Reeves will classify double-cat pickups - often used by builders, electricians and farmers - as company cars for tax purposes. Builders, electricians and farmers in Britain are set to be …

Tax Budget Britain Rachel Reeves Working People Bik
Anger at Labour's £600m stealth raid on savers as tax-free ISA limit is frozen for 13 YEARS
1 month, 3 weeks ago

Anger at Labour's £600m stealth raid on savers as tax-free ISA limit is frozen for 13 YEARS

Daily Mail  

Labour is facing anger over a stealth raid on savers today after Rachel Reeves extended a freeze on ISA limits. But the Chancellor decided in the Budget yesterday that cash ISAs and stocks and shares ISAs will be subject to the same cap for at least another six years. Lifetime ISAs were launched in April 2017 with an annual limit …

Budget Isas Limit Lifetime Isa
Anger as Labour launches multi-billion pound raid on holidaymakers with stealth levy on air fares
1 month, 3 weeks ago

Anger as Labour launches multi-billion pound raid on holidaymakers with stealth levy on air fares

Daily Mail  

Rachel Reeves yesterday launched a multi-billion pound raid on holidaymakers with inflation-busting hikes in flying taxes. The duty - a stealth levy known as the ‘holiday tax’ - will increase by £2 to £15 for these flights For long-haul economy passengers to destinations like the Caribbean, South Africa and the Far East, the levy will be hiked by £12 to …

Tax Labour Duty Air Increase Levy Passenger
Labour plots a tax raid on your holidays with stealth levy on air fares set to be announced in upcoming Budget cash grab
2 months ago

Labour plots a tax raid on your holidays with stealth levy on air fares set to be announced in upcoming Budget cash grab

Daily Mail  

Millions of families face a tax raid on their holidays as part of Rachel Reeves's Budget cash grab. As it emerged yesterday that the Chancellor is planning to freeze income tax thresholds for longer, inflation-busting hikes in Air Passenger Duty – a stealth levy on air fares known as the 'holiday tax' – are also set to be announced in …

Tax Labour Budget Treasury Increase Levy Stealth Levy
Nearly two thirds of pensioners will pay income tax in three years because of stealth raid
7 months, 3 weeks ago

Nearly two thirds of pensioners will pay income tax in three years because of stealth raid

The Telegraph  

Almost two thirds of pensioners will be paying income tax in three years because of Jeremy Hunt’s stealth tax raid, analysis has found. Two years, ago the Chancellor said the level at which a person starts to pay income tax would be frozen at £12,570 until 2027-28 – dragging more people into having to pay the tax every year. At …

Tax Income Tax Pensioners Three Years Pay Income
Middle classes will still be worse off despite Hunt’s tax cuts, says IFS
9 months, 2 weeks ago

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS

The Telegraph  

Middle-class earners will still be paying more tax despite Jeremy Hunt’s £10bn National Insurance cuts, the Institute for Fiscal Studies has said. Anyone earning more than £60,000 faces a bigger tax bill this year because the Chancellor’s stealth income tax raid will cost them more than they will gain from reductions to other taxes on income. A person earning £61,000 …

Tax Hunt
Hunt risks pensioner backlash with stealth tax raid for NI cuts
9 months, 2 weeks ago

Hunt risks pensioner backlash with stealth tax raid for NI cuts

The Telegraph  

Angering heartland voters is not the usual tactic of a Government going to the polls within months. Yet the goodwill this engendered may be squandered as pensioners are missing out on the best of the tax cuts announced at the Budget, just as they did at the Autumn Statement in November. Torsten Bell, chief executive of the Resolution Foundation, says: …

Tax Cut Younger Worker
ANDREW PIERCE: The unravelling of Rachel Reeves over London mayor Sadiq Khan's ULEZ stealth tax
1 year, 7 months ago

ANDREW PIERCE: The unravelling of Rachel Reeves over London mayor Sadiq Khan's ULEZ stealth tax

Daily Mail  

As shadow chancellor, Rachel Reeves has been on a charm offensive in the City to try to reassure the markets that the economy will be safe in Labour's hands. But, by her own account, she hasn't a clue about one of Labour's most straightforward stealth taxes — the £12.50 daily charge being introduced by London Mayor Sadiq Khan. The expansion …

London Labour Khan Reeves Rachel Reeves Shadow Sadiq Khan
Sunak and Jeremy Hunt 'think the unthinkable' to fill '£60bn' black hole
2 years, 1 month ago

Sunak and Jeremy Hunt 'think the unthinkable' to fill '£60bn' black hole

Daily Mail  

Lowering threshold for top rate or even increasing it from 45p to 50p on table Rishi Sunak looking to raise more money from top earners to help balance books A raid on top earners, 'stealth' hikes for ordinary workers and higher council tax is on the cards as Rishi Sunak and Jeremy Hunt scramble to balance the government's books. There …

Tax Treasury Rate Think Pensions Hunt Raise