“Chancellor wallops workers”, declares the Sun, while the Times opts for “high welfare, high tax”, as the front pages deliver their verdicts on the Budget. Contained in what the Daily Telegraph describes as a “red box of broken promises”, the paper says Rachel Reeves delivered a £30bn package of tax increases “largely targeting the middle
Will the new tax for EV drivers affect Motability customers?published at 15:00 GMT 15:00 GMT Nikki FoxDisability correspondent Image source, bbc Robert, from Tauton, says his wife has an electric car under the Motability scheme to promote independent travel. Will the announcement of the new mileage tax on electric vehicles be a barrier to taking
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves is to rush through laws to enact her Budget to reassure nervous markets that key tax increases will definitely be implemented even if they do not kick in for several years.
As Reeves speaks, MPs study OBR report on their phonespublished at 13:19 GMT 26 November 13:19 GMT 26 November Joe PikePolitical & Investigations Correspondent, reporting from the Commons Labour MPs gave Rachel Reeves a loud and sustained cheer as she stood up to deliver her Budget speech. They are at their loudest when the chancellor
The typical annual council tax bill for a Band D is £2,280, so this would rise to £2,394 next year – but here is how to cut your bill Many households are looking to lower their bills (Image: Getty) Millions of households are set to see their council tax bill rise by 5% next year
Why does freezing tax thresholds cost me money?published at 19:02 GMT 26 November 19:02 GMT 26 November One of Rachel Reeves’s main announcements was that income tax thresholds will be frozen until April 2031. That means more workers will pay more tax. But why? Take someone on a £50,000 salary. At the moment, their first
Rachel Reeves has said she recognises she is “asking ordinary people to pay a little bit more” after she announced £26bn worth of tax rises in her budget – including extending the freeze on personal income thresholds. However, the chancellor also told Sky News political editor Beth Rigby that she had “managed to keep that
Chancellor Rachel Reeves delivered a Budget that takes UK taxes to an all-time high, hitting workers, the wealthy and business to fund higher welfare spending and build up her emergency buffer. Reeves, who increased taxes by £40bn in her first Budget last year, announced a further £26bn rise on Wednesday that will lift the overall
Rachel Reeves has announced £26bn worth of tax rises in her budget, including extending the freeze on personal income thresholds. The package also contains a new “mansion tax” on properties worth over £2m, while people paying into their pension pot under salary sacrifice schemes will face national insurance on contributions above £2,000. Politics Live: Budget
PA Media Chancellor Rachel Reeves has unveiled her Budget – but because many powers are devolved to the Scottish government, not all the measures she announced will apply north of the border. While some are UK-wide, others won’t apply in Scotland at all – and there are other areas where there will be an indirect,