Chancellor Rachel Reeves has said that people whose only income comes from the state pension will not have to pay tax.The state pension is set to rise above the normal level for paying tax in…
UK government borrowing costs have risen sharply in reaction to news that the chancellor has decided against increasing income tax rates in the upcoming Budget.The interest rate on 10-year government bonds, known as the yield,…
After weeks of wondering will she, won't she, and recent heavy hints that she would indeed raise income taxes in the Budget, Chancellor Rachel Reeves has now decided against the manifesto-breaching move.Amid the fog of…
Kate WhannelPolitical reporterPA MediaRachel Reeves has dropped plans to increase income tax rates at the Budget on 26 November, according to reports in the Financial Times.The newspaper says the chancellor and prime minister U-turned on…
It has been called the 50-year tax taboo.It is more than half a century since a chancellor of the exchequer chose to put up the basic rate of income tax - that was Labour's Denis…
Sam FrancisPolitical reporterPA MediaChancellor Rachel Reeves has refused to rule out an income tax rise in next month's Budget, amid speculation she is considering breaking a key Labour election pledge.Asked about reports, first published in…
Getty ImagesThere has been speculation that November's Budget could see Chancellor Rachel Reeves break Labour's pre-election pledge not to increase income tax, National Insurance (NI) or VAT for working people.It's been suggested that she could…