Tag: fiscal drag
Budget income tax freeze could cost workers £2,978 as Reeves eyes stealth rises
The Chancellor has reportedly shelved plans to increase income tax rates, but her next move could still cost workers thousands of pounds. …
UK households could face £4,428 income tax increase in Autumn Budget
Rachel Reeves is reportedly considering plans to raise income tax rates by 2% and extending the freeze on tax thresholds. …
Key update in personal tax threshold rise to £20,000 Rachel Reeves call as landmark near
Pressure is growing on Chancellor Rachel Reeves to tackle issue in Budget after repeated campaigns …
UK state pensioners to receive £562 boost in 2026
Experts said the annual boost will cover rising living costs. …
Eight taxes Rachel Reeves could target to plug £40bn hole in Autumn Budget
Speculation is rife about which taxes Rachel Reeves may target to help bridge the estimated £40bn hole in public finances. …
State pensioners warned they are ‘at risk’ of staggering £6bn stealth tax on savings
Older Brits are “particularly at risk” of being taxed, as many of them will have saved up “large cash reserves” before retiring. …
Raise personal tax allowance to £15,597 major update as new push starts
Repeated mass support for change increasing pressure on Chancellor Rachel Reeves to help poorest workers …
Pensioners may have to budget extra £15,000 in retirement savings for ‘stealth’ tax
The freeze on personal allowance rates could cost future retirees an extra £15,000 compared to people currently in retirement …
HMRC tax threshold nightmare over ‘fiscal drag’ as millions set to be squeezed
Frozen tax thresholds mean some people have been pushed into higher brackets as their pay has increased. …
Personal tax allowance raise from £12,570 to £20,000 update as backing soars
Just before a petition closed last week number of signups rocketed, showing Chancellor Rachel Reeves the anger at the ‘unfair’ tax on the poor …
