Inheritance tax enquiries surge to six-year high after HMRC clampdown Economics Tax authority probes into households’ inheritance tax returns have surged to a six-year high, after a government-led crackdown on avoidance and non-compliance. HMRC opened a total of 4,940 formal inheritance tax enquiries over the last financial year, according to new data obtained by chartered accountants Price Bailey, an 18 per cent increase on the previous [...]
Nigel Farage walks back on tax cut pledges after predicting ‘economic collapse’ Politics Nigel Farage has abandoned several major tax cut pledges as the Reform leader predicted an “economic collapse” would trigger a general election as soon as 2027. Farage distanced himself from the party’s previous promise to introduce tax cuts worth £90bn, including by raising the tax-free personal allowance to £20,000, blaming the u-turn on ballooning government [...]
Autumn Budget: Reeves told avoid ‘pick and mix’ tax grabs Economics Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the managing director of TheCityUK warns Reeves not to patch up the tax tire just for it to deflate once more. The Chancellor has touted financial and professional services for their role “at the [...]
Natwest chair: Rachel Reeves’ Budget must include radical tax reform September 29, 2025 The chair of banking giant Natwest has called for Rachel Reeves to implement “radical tax reform” in her Autumn Budget. Rick Haythornthwaite has said a “bold long-term plan” to “kick-start growth” would reassure jittery bond markets and “deliver much-needed social benefits”. “This is the time for a 10-year programme of radical tax reform. Time for [...]
The public won’t reward government overspending – just ask Ed Miliband September 10, 2025 Ed Miliband went on and on about the cost of living crisis in 2015, but he lost that election because the public could see his sums on spending didn’t add up. Cuts, not tax rises, are the only way to avert a crisis, says John O’Connell We are in a cost of living crisis. Aren’t [...]