Category: Income tax

Budget 2024: Hunt gambles with highest tax burden since second world war

Chancellor’s £10bn national insurance cut funded by ‘non-dom’ tax breaks is final major economic intervention before electionPolitics live: latest news and reaction on UK budgetBudget: key points at a...

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Budget 2024: Jeremy Hunt announces 2p cut in national insurance

Chancellor’s expected pre-election gambit follows identical reduction in autumn statementJeremy Hunt has announced a 2p national insurance cut in his budget as a pre-election gambit to revive flatlining opinion poll...

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Sunak says he wants to reduce workers’ taxes this year and may cut benefits

PM sets up possibility of income tax coming down in March and says control of welfare is a priorityRishi Sunak has said he wants to cut taxes for working people further this year, possibly cutting welfare payments to fund it.The...

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Only top half of UK earners to benefit from lower NI payments, thinktank warns

Any gains for lower half will be lost when income tax bills rise in April, says Resolution FoundationThe bottom half of earners will lose any gains from next week’s lowering of national insurance payments when their income...

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Jeremy Hunt cuts national insurance but UK tax burden set to hit high amid plummeting living standards – as it happened

Chancellor cuts national insurance but OBR says UK facing biggest fall in living standards since records beganAutumn statement – key points at a glanceJeremy Hunt’s autumn statement tax cuts fuel talk of spring...

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Autumn statement live: Jeremy Hunt cuts national insurance but UK tax burden set to hit high amid plummeting living standards

Chancellor cuts national insurance but OBR says UK facing biggest fall in living standards since records beganAutumn statement – key points at a glanceKeir Starmer has said that a pause in hostilities between Israel and...

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Pressure grows on Hunt to cut income tax as millions more face paying it

Hopes that nearly 4 million low paid UK workers would be able to keep more of their earnings if personal allowances are uprated‘I’m reducing my hours’: fiscal drag’s impact in the cost of living...

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Pressure on Reeves to drop Labour opposition to higher wealth taxes

Union leaders and MPs on left of party say UK’s finances must be improved by taxing very richestRachel Reeves is under pressure to drop Labour’s blanket opposition to higher taxes on wealth, amid growing alarm within...

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