The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Tariffs: Starmer commits to fiscal rules and not raising income tax and VAT April 7, 2025 Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said [...]
Reeves should be honest: income tax is going up April 2, 2025 Income tax threshold freezes are a de facto tax rise but the revenue won’t be fully realised until the end of the parliament. She should adjust rates now while there’s still time to improve public services before the next election? And fix distortive cliff edges while she’s at it, says Will Cooling Rachel Reeves has [...]
Spring Statement: Watch out for income tax hikes in the autumn March 27, 2025 The Spring Statement has done little to reassure markets about the Chancellor’s commitment to fiscal discipline, says Aviva’s Vasileios Gkionakis The UK government on Wednesday announced cuts in government spending to rebuild ‘fiscal headroom’ after rising government borrowing costs and anaemic economic growth badly damaged its finances. Chancellor Rachel Reeves says the mix of cuts [...]
PMQs: Starmer won’t repeat pledge to unfreeze income tax thresholds March 19, 2025 Sir Keir Starmer has been accused of “plotting stealth taxes” after he failed to repeat Rachel Reeves’ pledge to unfreeze income tax thresholds. The Prime Minister was pushed on his economic plans ahead of next week’s spring statement – which Conservative leader Kemi Badenoch branded an “emergency budget”. During Prime Minister’s Questions (PMQs) on Wednesday, [...]
Will Rachel Reeves hike taxes in her first Spring Statement? March 19, 2025 Chancellor Rachel Reeves is set to make her first Spring Statement next week, and rumours are starting to swirl that the tax hikes could be on the cards as she tries to get the government debt under control. Given the Chancellor’s commitment to just one major fiscal event a year the Spring Statement is intended [...]
Taxes might be going up. Here’s how to cut your tax bill March 10, 2025 Savers are preparing for the possibility of income tax increases, with Chancellor of the Exchequer Rachel Reeves expected to announce some changes to the tax regime in March. Labour pledged not to increase income tax during its election campaign. However, the Treasury has discussed freezing income tax thresholds and has refused to rule out income tax [...]
How to avoid the 60 per cent income tax trap March 10, 2025 As more taxpayers have part of their earnings taxed at an effective rate of 60 per cent, financial advisers are working to help clients avoid the so-called income ‘tax trap’. A freedom of information request submitted by Bowmore Financial Planning to HM Revenue & Customs revealed that in 2023-24, 634,000 taxpayers earning between £100,000 and [...]
Reeves expected to float income tax hikes next month February 15, 2025 Chancellor Rachel Reeves is expected to float income tax rises next month as she attempts to stick to the government’s fiscal rules. A freeze on income tax thresholds is currently being discussed in the Treasury, which could raise as much as £4bn a year, according to reports from the Financial Times. One aide told reports [...]
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 [...]
Hargreaves Lansdown launches five online VCTs after Budget tax hikes November 25, 2024 Hargreaves Lansdown has launched a new online venture capital trust (VCT) investment service following tax hikes introduced in last month’s Budget. The new service will begin by offering five VCTs, which includes two AIM VCTs from Octopus and its Apollo VCT, Blackfinch Spring VCT and Calculus VCT. The news comes following a host of tax [...]