Scotland’s tax hike may have backfired as receipt falls July 26, 2026 The Scottish government’s decision to raise the top rate of income tax may have backfired, according to analysis by the lawyer Dan Neidle. Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts. HMRC data from 2024-25 suggested that the Scottish [...]
Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles July 24, 2026 The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]
The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich July 23, 2026 Gary Lineker has urged Prime Minister Andy Burnham to introduce a wealth tax on himself and other millionaires. The former England football player, synonymous with crisps, is one of over 100 millionaires to sign an open letter to No 10 calling for a 2 per cent tax hike on people with assets worth at least [...]
Tax bill and Middle East weigh on Heathrow despite record numbers July 23, 2026 Heathrow’s tax bill has more than doubled in the first half of this year, weighing on profit at the airport despite it bucking the Middle East conflict to enjoy record passenger numbers. The west London hub faced a £129m bill to HMRC in the six months to July, according to its latest update, up from [...]
Nearly 1m people to pay higher tax ‘by stealth’ July 22, 2026 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 [...]
Andy Burnham should start by scrapping the £100k tax trap July 21, 2026 Cutting taxes is expensive, but there is a way Andy Burnham could make them simpler and fairer, says Helen Thomas Andy Burnham’s first interview as Labour’s presumptive Prime Minister contained a somewhat unlikely observation. Speaking to the Sunday Times, he said one issue repeatedly raised on the doorstep was the frozen £12,570 personal allowance. It [...]
Ask the expert: Will paying for my daughter’s wedding reduce my IHT bill? July 20, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know if paying for their daughter’s big day could reduce their IHT bill. Q: My daughter is getting married. I understand that if my wife and I transferred her £15,000 for the costs of [...]
Jamie’s Italian is awful but don’t worry, there are some great new Mediterranean restaurants too July 15, 2026 This week I talk about two Italians, one Greek, a talented Cypriot and an irritating Englishman. Prepare to read about two restaurants you should visit (Bancone and Zylia) and one you should reserve for your worst enemies (Jamie’s Italian)… ZYLIA Covent Garden is a part of London that you only go to for a specific [...]
FRC Chair-in-waiting grilled over holding seven other board roles July 15, 2026 MPs have raised concerns over whether the former chief executive of Virgin Money can realistically juggle her role as Chair of the Financial Reporting Council (FRC) alongside seven other board and chair positions. Dame Jayne-Anne Gadhia was named by the government on Monday as the next Chair of the accounting watchdog, set to take over [...]