A record 4.5 million people are expected to pay income tax on their savings interest this year, according to revised HMRC estimates, around 1.7 million more than previously forecast.
Goldman Sachs Warns of Major Tax Rises in Reeves’ Autumn Budget
Chancellor Rachel Reeves is expected to implement “significant tax increases” in the upcoming Autumn Budget, according to analysts at Goldman Sachs.
Mark Your Calendars: Rachel Reeves May Set UK Budget for 26 November
Speculation is mounting that the UK autumn budget will be delivered on 26 November.
Chancellor’s Tax Rise Pushes Inflation to Highest Level in 19 Months
Inflation rises to 3.8% in July.
Chancellor Rachel Reeves Declined to Rule Out Wealth Tax Ahead Autumn Budget
Chancellor Rachel Reeves has deliberately declined to rule out the introduction of a wealth tax ahead of the autumn Budget, despite escalating borrowing pressures.
Rachel Reeves is reportedly planning £1.7 billion in new tax measures.
Retailers Warn £1.7bn Business Rates Hike Could Accelerate High Street Decline
Interest Rates ‘Could Be Cut’ If Rachel Reeves Raises Taxes This Autumn
Bank of England Could Cut Rates More Than Expected If Reeves Raises Taxes, Say Economists
Calls for Rachel Reeves to Resign After Emotional PMQs and Policy U-turn
The Chancellor appeared visibly emotional during Wednesday’s PMQs, with a spokesperson later attributing her reaction to a “personal matter.” However, it has since emerged that Reeves had a private confrontation
Understanding Level Term Life Insurance: Stability and Simplicity Explained
When it comes to protecting your loved ones financially, life insurance is one of the most important decisions you’ll ever make. Yet, for many in the UK, the array of
Rachel Reeves accused of using questionable figures in spending review
Chancellor Rachel Reeves has come under fire for allegedly using questionable figures in her spending review, after failing to explain how government departments would achieve planned savings clearly.
Rachel Reeves has scrapped plans to cut the tax-free Isa allowance
Rachel Reeves has scrapped plans to cut the tax-free Isa allowance, bowing to growing pressure from the City.