Budget: Rachel Reeves set to drop pensions tax raid plans, per report
Rachel Reeves is reportedly set to drop plans for a tax raid on pensions over fears it could unfairly affect public sector workers. The Chancellor has been warned that a scheme to reduce the 40 per cent tax relief on higher earners could disproportionately impact teachers and nurses,
All the changes Rachel Reeves could make to capital gains tax in the Budget
Rachel Reeves was expected to reduce the current 40 per cent level of tax relief on higher earners in the Budget, but has changed direction
Tax panic for Rachel Reeves as budget 'plunged into uncertainty' over three key questions
Chancellor Rachel Reeves is also said to be reassessing its tax reforms for non-domiciled individuals, following warnings that the changes could lead to a “wealth exodus” and ultimately reduce revenue. A "non-dom" refers to a UK resident whose permanent home, or tax domicile, is considered to be outside the UK.
Budget 2024 preview: What Labour’s first statement could contain as Rachel Reeves eyes potential tax rises
Exchequer secretary James Murray MP confirmed this at a Labour conference fringe event hosted by the British Retail Consortium, saying: “It’s within the current envelope. It’s all about raising the same amount of money overall, that’s the commitment.”
From pensions to tax – the four ways Rachel Reeves’s Budget could affect you
The Chancellor is preparing to set the direction of the Government's economic policy as she announces her approach to the public finances
Rachel Reeves 'planning to unleash £130 billion tax nightmare' in first Budget
Ms Reeves is also under pressure to introduce a wealth tax, after the party’s annual conference last month voted for plans drawn up by trade union Unite. If the Chancellor accepts the union’s demands, it is likely to mean an additional one-off tax of £50 billion.
Seven ways the Budget could hike inheritance tax or capital gains tax at death
Chancellor Rachel Reeves could target death taxes by raising IHT and/or levying CGT on inheritances. We look at some potential moves in the Autumn Budget
How the next 24 hours is ENORMOUS for Rachel Reeves as she plans her Budget raid
Chancellor of the Exchequer Rachel Reeves is set for a strenuous 24 hours as she prepares for her second round of pre-budget OBR forecasts on Tuesday. It comes ahead of the Autumn budget set to be delivered on October 30 which will involve decisions on tax,
Reeves must not touch this vital tax relief in her Budget
Rachel Reeves approaches her first Budget on October 30 clearly eager to unleash investment. Hints have been dropped that by restating the fiscal rules the Chancellor could release billions of pounds of extra capital spending.
Fears of £20,000 change for ISAs as Rachel Reeves is warned against making tax grab
The Chancellor has been warned against making a tax raid on the nation's savers in the October budget.Finance experts are concerned that the Chancellor could bring down the annual cap on how much people can save in Individual Savings Accounts from the current figure of £20,
UK business groups says tax clarity needed at budget to support investment
British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order to give ...
Slumping UK Sentiment Makes Reeves’s Budget Make-or-Break Event
Chancellor of the Exchequer Rachel Reeves’s repeated warnings about the perilous state of the UK’s public finances have been ...
Rachel Reeves warned potential £50bn spend could cause interest rates to surge
But the Treasury paper warns a “fiscal loosening” of just one per cent of GDP could lead to a “peak increase in interest ...
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Rachel Reeves considers raising alcohol duty in Budget
Rachel Reeves is considering increasing alcohol duties in next month’s Budget. The Chancellor has not ruled out putting up tax on beer, wine and spirits as part of efforts to plug what Labour ...
UK's Reeves promises 'guardrails' around extra borrowing in budget
British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessive as she seeks to reassure investors about ...