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Evening Standard

Business

Charlotte Ambrose

Labour's plans to tax people's savings accounts explained

Rachel Reeves HMRC Niesr United Kingdom

Chancellor Rachel Reeves has approved new legislation on UK tax payers’ savings - (PA Wire)

Labour Chancellor Rachel Reeves has approved new legislation to change the way personal savings are taxed in the UK.

New requirements mean workers will pay a savings tax directly from their pay packets without submitting a self-assessment form.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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The case of George Anibowei, a U.S. citizen who has had his phone searched at least five times at the border, shows just how invasive border agents have become.

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