Rachel Reeves, tax and Budget
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RACHEL Reeves is reportedly considering a major council tax shake-up that would impact hundreds of thousands of households. The Chancellor is said to be preparing a £600million surcharge on
When Rachel Reeves stood up to deliver an unusual speech ahead of the autumn Budget earlier this month, her message was clear: everyone should brace for financial pain.
EXCLUSIVE: Motorists could soon feel the effects of a little-known new tax change set to be introduced within months.
The Financial Times suggests the Chancellor is considering amount you can save into a cash ISA every year from £20,000 to £10,000.
UK borrowing costs have fallen since September as investors priced in a tough tax-raising Budget on November 26 that bolsters the Treasury’s fiscal buffers. The prospect of inflation-fighting measures in the Budget and Bank of England interest rate cuts has also helped to curb yields.
Rumours suggest Chancellor Rachel Reeves has plans to cap the amount that can be saved through salary sacrifice without paying NI. Under the proposal, employees would pay the full NI rate on any pension contributions made via salary sacrifice above £2,000 a year. The measure is expected to raise around £2 billion.
RACHEL Reeves was booed at a business awards bash — signalling the scale of discontent ahead of her next Budget tax raid. The Chancellor’s pre-recorded speech had jeers ringing out as it was shown
Reeves is already determined to cap the tax benefits of salary sacrifice schemes for pension schemes in the fiscal event on November 26, as she looks to fill a hole in the public finances estimated at between £20bn and £30bn.