New Institute for Fiscal Studies analysis shows how continuing income tax threshold freeze will affect pensioners, minimum wage workers and those on benefits Chancellor of the Exchequer Rachel Reeves could extend an income tax threshold freeze next week, say reports(Image: Leon Neal, Getty Images) Chancellor Rachel Reeves is reportedly mulling over freezing personal income tax
Having dropped plans to breach Labour’s manifesto and increase income tax rates in the Budget, Rachel Reeves is widely expected to turn to another revenue-raising measure: extending the freeze on personal tax thresholds. Despite the chancellor warning last year that prolonging the freeze would “hurt working people”, it is now on track to be the
Payments will be made automatically, DWP said Millions of people will receive the cash(Image: Images By Tang Ming Tung via Getty Images) The Department for Work and Pensions (DWP) has confirmed who will get an automatic bonus in the upcoming weeks. This tax-free payment will be deposited into bank accounts in early December for those
The Government says the changes will ‘remove distortions’ in the system 05:52, 20 Nov 2025Updated 07:09, 20 Nov 2025 Pensioners are being issued guidance on their finances(Image: Getty) Families have been urged to plan ahead as a major new tax on pensions is coming in soon. Chancellor Rachel Reeves announced at last year’s Autumn Budget
The activity of a Russian spy ship in the North Sea made several front pages on Thursday, with the Mirror quoting Defence Secretary John Healey in its headline. He told reporters that the Yantar “dangerously” directed lasers to disrupt RAF pilots tracking its activity near UK waters. “We see you, we know what you’re doing,”
Rachel Reeves, who is grappling with a multi-million pound black hole, said last year she would end the income tax threshold freeze by 2028. But there is speculation it could be extended Keir Starmer refused to rule out extending the freeze on income thresholds(Image: Anadolu via Getty Images) Keir Starmer has refused to rule out
Rachel Reeves dropped more heavy hints about a ‘mansion tax’ as she urged Labour MPs to celebrate the Budget hammering the wealthy. The Chancellor talked up a war on the ‘rich’ as she wooed restive backbenchers ahead of the crucial fiscal statement next week. Ms Reeves is gearing up for another brutal round of tax
To be fair: No prime minister or chancellor generally chats about the budget in public until it’s been delivered. But Reeves set a new precedent earlier this month by giving a “scene setter” speech in Downing Street, which rolled the pitch for raising income tax in all but name. Pressing the point: “We’ve read all
What did Badenoch mean about ‘freezing’ tax thresholds?published at 13:20 GMT 13:20 GMT By Nicholas Barrett and Anthony Reuben At PMQs, Conservative leader Kemi Badenoch quoted Chancellor Rachel Reeves’ Budget speech from last year in which she said: “I am keeping every single promise on tax that I made in our manifesto. So there will
The personal finance expert was answering a question from a pensioner viewer on the Martin Lewis Money Show Live on ITV last night Martin Lewis explained if state pensioners might end up paying income tax soon(Image: ITV) Martin Lewis has issued a warning to state pensioners, alerting them that they could face paying tax for