Rachel Reeves planning £3bn welfare cuts in Budget
Rachel Reeves will seek to make around £3 billion of cuts to welfare over the next four years by restricting access to sickness benefits, it is understood.The Chancellor is expected to commit to the previous Tory government’s plans to save the sum by reforming work capability rules,
Rachel Reeves' Budget is coming: What are accountants seeing in their crystal balls?
As the UK awaits Chancellor Rachel Reeve’s Autumn Budget on October 30th, 2024, accounting firms are forecasting sweeping changes to the tax landscape. With the new Labour government facing a reported £22 billion shortfall in public finances,
What are the experts predicting Rachel Reeves could announce in the Budget?
Recent reports suggest Ms Reeves has backed away from the idea of fundamentally reforming pensions tax relief by introducing a “flat rate” of tax relief set somewhere between 20 per cent and 30 per cent, as previously predicted.
Rachel Reeves Needs To Raise £40 Billion In Tax Rises And Spending Cuts In The Budget
Rachel Reeves is aiming to raise £40 billion in tax rises and spending cuts in the Budget, it has emerged. The chancellor hopes that filling Treasury coffers with the huge sum will avoid a return to the austerity of the Tory years.
Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget
Rachel Reeves should increase capital gains tax (CGT) at Labour’s upcoming Budget, a group of millionaire business owners have urged, estimating the measure would raise £14bn a year.
Six key changes set for Rachel Reeves’s budget – and what could be left out
The Chancellor is said to be mulling a range of measures from taxing workplace pensions to revamping the Government's fiscal rules
Will falling inflation save Rachel Reeves’s Budget?
Inflation slowed to 1.7 per cent in the twelve months to September, taking the inflation rate to its lowest levels since spring 2021. While markets and forecasters had expected the inflation rate
UK finance minister Reeves looks to raise 40 billion pounds to fill 'big gap' in budget
British finance minister Rachel Reeves is eyeing tax rises and spending cuts to a value of around 40 billion pounds ($52 billion), two government sources said, after she was quoted as saying there was a "big gap" to be filled in the budget.
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
UK chancellor Rachel Reeves has identified a £40bn funding gap ahead of her Budget in two weeks — far more than previously expected — as she prepares big tax rises to patch up the NHS. The figure represents the funding that Reeves needs to protect key government departments from real-terms spending cuts,
Rachel Reeves 'rolling pitch for big tax rises' in Budget with £40billion plan briefing, says top economist
He believes part of the £40billion will be smaller rises in spending in some parts of the public sector. But this would still leave the Treasury having to find a hefty chunk of t
Rachel Reeves set to launch largest Budget tax raid in history
Rachel Reeves is set to launch the largest Budget tax raid in history in her upcoming October Budget. The Chancellor has reportedly faced backlash from her fellow Cabinet ministers, including the Deputy Prime Minister,
Urgent warning over ISAs as savings cap could be targeted by Rachel Reeves
"Tax-wrapped products will continue to be a critical component of a long-term savings plan. It may be worth considering ...
Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts
Sir Keir Starmer is facing a backlash from Angela Rayner and his cabinet over “huge” cuts to departmental spending to be ...
Five policies expected in Rachel Reeves' budget that will hit pensioners and savers
Treasury officials are reportedly looking at National Insurance (NI) on employer pension contributions. Currently, employers ...
Labour civil war fears as minister refuses to deny Cabinet rifts over Rachel Reeves Budget
Rachel Reeves is poised to launch the biggest Budget tax raid in history which will involve as much as £35 billion of tax ...
Budget 2024 latest: Rayner among MPs pleading with Starmer to step in as Reeves’ ‘£40bn target’ looms
Rayner among MPs pleading with Starmer to step in as Reeves’ ‘£40bn target’ looms - Value of pound has fallen after this ...
Here’s how Reeves could use the Budget to incentivise investment
As well as balancing the books, Rachel Reeves should use the Budget to help businesses recapture their joie de vivre, says ...
Rachel Reeves achieves what no other Chancellor has - but she won't want to hear it
It is another 12 days before Rachel Reeves is due formally to announce the bad news to millions of earners, savers and ...
Ex-Bank of England chief Mervyn King urges Rachel Reeves to raise national insurance in Budget
Exclusive: In a dramatic intervention, the former governor of the Bank of England tells the chancellor she must be ruthlessly ...