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,
Labour tax plan blasted by Tory MP as 'unworkable' days before Rachel Reeves' Budget
Labour’s plan to introduce education tax has been slated by Tory MP Damien Hinds. From January 1, the government plan to impose VAT on private schools but the policy may be delayed due to warnings from unions, experts and school leaders.
Reeves ‘drops plans for pension tax raid’
Chancellor reportedly abandons move amid concerns it could disproportionately affect up to a million public sector workers
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.”
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.
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 insists Budget is not a ‘race to get money out of the door’
Rachel Reeves has vowed to “invest, invest, invest” as she prepares to ramp up borrowing to fund a multibillion-pound capital programme at this month’s Budget. But the UK chancellor also sought to assure jittery markets,
Budget 2024: What Will Rachel Reeves’ Budget Mean for Your Wallet?
Rachel Reeves, Labour's chancellor, is set to deliver the party’s first Budget in 15 years on 30 October, as speculation grows over the measures that could be included. The fiscal announcement comes in the context of a £22bn public spending deficit,
All the changes Rachel Reeves could make for savers in the Budget
The Chancellor has warned of 'tough decisions' to be made in the Budget - we reveal how savers could be affected
Chancellor Rachel Reeves ‘to ABANDON’ controversial pension tax raid in relief for hardworking teachers & nurses
LABOUR’s pension tax raid is set the ditched after warnings it would hammer up to a million teachers, nurses, and public ...
How Rachel Reeves destroyed productivity ahead of the Budget
Faced with spiralling state spending and rapidly growing demands on the public purse, successive governments have faced the ...
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 ...
Budget 2024: How fiscal rules are impeding long-term investments - and what Rachel Reeves can do about it
Before we get onto the budget and what Rachel Reeves might do to fiddle her fiscal rules and give herself a little more room ...