All the updated news related to tax rises

All the news related to tax rises updated in real time

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Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

Lower pay rises likely due to Budget tax rises, Rachel Reeves admits

Tax increases in the Budget are likely to hit workers in the pocket with lower pay rises, Rachel Reeves has admitted. The Chancellor acknowledged her decision to raise national insurance contributions (NIC) for employers could affect wage growth for ...

31 Oct 2024 at 11:20

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Rachel Reeves has acknowledged that workers could see lower pay rises as a result of her Budget, while market jitters saw the cost of Government borrowing rise in response to the Chancellor’s spending spree. Ms Reeves acknowledged her decision to ...

31 Oct 2024 at 18:04

What is the background to the tax rise row and what do we know now?

Rishi Sunak repeatedly claimed a Labour government would impose tax rises on working households during ITV’s head-to-head debate with Sir Keir Starmer. However, it has emerged a senior official at the Treasury warned the Conservatives not to say ...

05 Jun 2024 at 11:58

Budget ‘most honest’ in years, Cabinet minister claims

A Cabinet minister has said he thinks this week’s Budget could be the “most honest” in years as the Prime Minister prepares to say that Wednesday’s statement will “embrace the harsh light of fiscal reality”. Chancellor of the Duchy of Lancaster ...

28 Oct 2024 at 10:57

UK services sector ‘close to stalling’ in November after Budget tax rises

Growth in the UK’s services sector slowed to its lowest rate in more than a year in November as firms digested a raft of business tax rises in the autumn Budget. The closely watched S&P Global UK services PMI survey scored 50.8 in November, ...

04 Dec 2024 at 10:11

Construction sector records surprise steep fall in activity ahead of Budget

UK construction activity has fallen unexpectedly and at the fastest pace for more than five years amid fiscal worries and rumoured tax hikes in the November Budget, according to new figures. The latest S&P Global UK construction purchasing ...

06 Nov 2025 at 10:48

‘Budget not something I want to repeat ever again’ – Reeves

Rachel Reeves has said she does not want to repeat the £40 billion tax rises she implemented in her first Budget “ever again”. The fiscal announcement was a chance to “wipe the slate clean” following the Conservatives’ time in power, the ...

31 Oct 2024 at 08:25

Reeves puts country on notice for tax hikes as ‘each of us must do our bit’

Rachel Reeves has warned millions of Britons they could face higher taxes because “we will all have to contribute” to securing the country’s economic future. Ahead of the November 26 Budget, the Chancellor would not commit to ...

04 Nov 2025 at 18:33

Chancellor guided by ‘fairness’, senior minister says of calls for wealth tax

The Government will be guided by “fairness” on tax, a senior Cabinet minister said when asked if tax rises are coming in the autumn budget. Transport Secretary Heidi Alexander would not rule out tax rises in the budget as ...

13 Jul 2025 at 11:56

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