Burnham should go on a ‘cost of doing business’ tour Economics An alarming note from one of the City’s top economists warns that October’s Budget could see taxes rise by almost the same amount as they did last year when Rachel Reeves cooked up £26bn worth of fresh hikes. Ruth Gregory, Deputy Chief UK Economist at Capital Economics, suggests that higher taxes “perhaps worth up to [...]
How can wealthy Scots save £46,000 on income tax? Commute from England Tax Higher earners in Scotland could save more than £46,000 in income tax over five years by moving south of the border and commuting to work, according to a new analysis by Rathbones. The wealth management firm found that a resident earning £250,000 could pay £8,900 less income tax in the first year alone by relocating [...]
Nearly 1m people to pay higher tax ‘by stealth’ Economics Nearly one million people are being dragged into higher tax bands as the government’s “stealth” freezes take effect, according to new analysis. Data crunched by the Taxpayers’ Alliance has shown that fiscal drag – where freezes on tax bands mean workers are forced to pay more into HMRC as wages grow – will impact 1m [...]
IHT receipts hit record high as Rachel Reeves’ frozen bands raid plague Brits July 21, 2026 Inheritance tax receipts soared to a record high in the three months to June 2026, as frozen thresholds drag more Brits into the net. Receipts hit £2.3bn over the period, according to the latest figures from HMRC, a £96m increase from the same period last year. In June alone inheritance tax (IHT) receipts totalled £871m [...]
Revealed: Secret Treasury plan to tax State Pension before it is paid out June 25, 2026 The Treasury is drawing up plans to automatically withhold income tax from the State Pension before it is paid out to recipients, City AM can reveal, in a move which flies in the face of previous assurances by Chancellor Rachel Reeves that she would not “go after” elderly Brits with fresh tax demands. The proposal, [...]
Andy Burnham commits to triple lock despite backlash over ‘unsustainable’ policy June 15, 2026 Andy Burnham has committed to keeping the triple lock pension and allowing pensioners to escape paying income taxes despite the policy being opposed by swathes of economists and MPs. Burnham said he would keep the triple lock pension, the mechanism that ensures the taxpayer-funded state pension rises by whichever is highest out of wage growth, [...]
Andy Burnham refuses rule out manifesto-busting tax hikes May 20, 2026 Andy Burnham has refused to commit himself to protecting Labour Party manifesto commitments to not raise taxes. Burnham, who is Labour’s candidate in an upcoming by-election in Makerfield, declined to comment on whether he supported the party’s 2024 election manifesto. The Manchester mayor appears to be on a path towards becoming Prime Minister, sharing clips [...]
Shakira’s taxes don’t lie as singer wins £48m tax row May 18, 2026 A Spanish court has ordered the country’s tax authority to repay Colombian singer Shakira £48m after ruling that it had improperly collected the money in a dispute over her tax payments. In a statement published today, Madrid’s National Court said it has upheld Shakira’s appeal against the fine she was hit with five years ago, after [...]
Kemi Badenoch interview: ‘I want an economic revolution’ May 5, 2026 Kemi Badenoch has told City AM she wants to deliver “an economic revolution” in the UK, based on lower taxes, less government intervention and “a mindset shift” that puts businesses and the City at the heart of the growth agenda. Speaking ahead of this week’s local elections, the Tory leader says she is developing policies [...]
From Jaffa Cakes to National Insurance: How to fix Britain’s mad tax system – according to the experts April 14, 2026 In its latest report, the OECD scolded the UK for its illogical and growth-impeding tax system. Ali Lyon speaks to five tax experts to work out how to fix it. Potato crisps and their corn chip cousins are – as indulgent savoury snacks go – undeniably similar. They taste alike and are a similar size. [...]