Reeves eyes clampdown on salary sacrifice in latest stealth tax on high earners Politics Rachel Reeves is preparing to tighten the rules on salary sacrifice schemes in what would amount to a stealth tax raid on pension savings, as the chancellor searches for ways to fill a yawning £30bn black hole in public finances. Reeves will use her November Budget to cap the amount that workers can pay into [...]
Rachel Reeves warned against piling on small business tax pain Business As Rachel Reeves circles new avenues to boost tax receipts, the Chancellor has faced a fresh warning to ease the pain for small businesses. Businesses have called for Reeves to reverse her Autumn Budget tax hikes and ease the burden for firms as they suffer the crunch of economic uncertainty. One in five small- and [...]
Worrying jobs figures show Labour’s Britain is heading for stagflation Opinion Staggering rises in unemployment are a result of government polices that prevent businesses creating new jobs, and will ultimately condemn Britain’s economy to low growth and high inflation, says Matthew Elliott Today’s employment figures from the ONS must serve as a wake-up call to the government that their economic agenda is running adrift. We have [...]
Haaland: Man City striker could pay £150m to HMRC over new deal January 21, 2025 Signing a lucrative contract, as Erling Haaland did with Manchester City this month, is usually one of the happiest days of someone’s life. Haaland has signed for nearly a decade in a deal that is reportedly worth £26m a year before bonuses. But the reality is that the taxman is coming, and for the Norway [...]