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The Latest Breaking News from Income Tax

Income tax threshold freeze will hit poorer households harder, experts say

Move will have greater impact on living standards of taxpayers in bottom half of income scale, thinktanks say

The Guardian - UK

Revealed: £600-a-year average income tax rise for millions with London hardest hit in Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

Evening Standard

Rachel Reeves insists tax on working people kept at ‘absolute minimum’ at Budget

The Chancellor struck a defiant tone, saying: ‘You’re not going to write my obituary,’ a day after her statement.

Evening Standard

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Starmer says budget did not break manifesto tax pledge – as it happened

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’

The Guardian - UK

'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

Evening Standard

Has Rachel Reeves broken her manifesto promises with the budget?

Reeves told MPs she had stuck to her pledges. Responding, Kemi Badenoch said the opposite. Who is right?

The Guardian - UK

Budget 2025: what it means for you

How Reeves’s measures on tax, NI and benefits affect single people, couples, families and those receiving pensions in England, Wales and Northern Ireland

The Guardian - UK

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Millions more dragged into paying higher income tax in Reeves’s £26bn Budget squeeze

Chancellor admits ‘I am asking ordinary people to pay a little more’ as she unveils dozens of tax rises, but finally scraps the much-criticised two-child benefit cap

The Independent UK

Brazil’s Lula sanctions an increase in tax exemptions for low-income people

Brazilian President Luiz Inácio Lula da Silva has sanctioned a bill that exempts people earning up to 5,000 reais a month from income taxes

The Independent UK

Voices: ‘A kick in the teeth’: Readers say Rachel Reeves’ Budget ‘punishes responsibility’

YOUR VIEWS: Our community overwhelmingly feel the Budget prioritises Labour’s political goals over public needs, hitting already-squeezed taxpayers with steep rises while offering little confidence in meaningful economic improvement

The Independent UK

More than half of London's full-time employees to be clobbered by 40% tax by 2027

More than half of London’s full-time employees will be paying higher rate 40% income tax on their salaries by the time of the next election, analysis by the Standard has revealed.

Evening Standard

How the Budget will affect you: Winners and losers from Rachel Reeves’ tax rises and new spending

Business owners, landlords and EV drivers were hit in the chancellor’s Budget

The Independent UK

Reeves launches £26 billion tax raid as welfare spending rises

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Evening Standard

UK budget raises taxes by £26bn, gaining investor approval after surprise leak

Britain's Chancellor of the Exchequer Rachel Reeves announced tax-raising measures, including new duties on high-value properties, dividends, and savings, in the state budget presented on Wednesday.

Euronews

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The Guardian - UK

Has Rachel Reeves made the right calls in this budget? Our panel responds

After a tumultuous run-up to a make-or-break moment for the government, has the chancellor struck the right balance?

Evening Standard

Taxes hiked to ‘all-time high’ by Reeves as growth forecasts cut

More than 1.7 million people will face paying more income tax under the Chancellor’s plans.

The Independent UK

What a freeze on income tax thresholds means for you

The freeze on income tax thresholds has been extended until the 2030-2031 tax year for taxpayers in England, Wales, and Northern Ireland. This extension is projected to raise £7.6 billion in revenue by 2030 and will lead to an increase in the number of UK taxpayers. The policy relies on…

The Independent UK

From mansion tax to cash ISA changes: Key announcements in Reeves’ Budget

The chancellor has unveiled £26bn worth of tax rises in the Commons as she attempts to plug a multi-billion pound gap in Britain’s ailing public finances

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Evening Standard

Freeze to income tax thresholds extended to 2031 – what does it mean for me?

It means the current income tax bands will stay as they are until at least April 2031, for taxpayers in England, Wales and Northern Ireland.

The Independent UK

How changes to income tax thresholds could impact you

IN FULL

Benzinga

$1,000 Bigger Refund In 2026? Trump Says Yes

Your federal income tax refund could jump by roughly $1,000 in 2026, thanks to a new slate of tax breaks that take effect for the 2025 tax year.

Evening Standard

Budget 2025: Income tax rate will not rise, signals minister - but millions of families 'face £1,600 hit'

Chief Secretary to the Prime Minister Darren Jones makes clear the Government has ruled out a manifesto-busting increase in income tax

Evening Standard

Rachel Reeves must avoid a ‘Del Boy Trotter’ Budget

Black hole can’t be filled if there are ‘No income tax, no VAT’ rises

The Independent UK

Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

The Guardian - UK

Wednesday briefing: What may be in – and out – of Rachel Reeves’s ‘hokey cokey’ budget

In today’s newsletter: As the chancellor prepares to deliver one of the most heavily briefed budgets ever, tax rises, the two-child benefit cap and a ‘mansion tax’ are all on the table

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Luiz Inácio Lula da Silva

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Office for National Statistics

The Resolution Foundation

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the Labour Government

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the Office for Budget Responsibility

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Office for Budget Responsibility

98 stories

the Institute for Fiscal Studies

94 stories

BusinessLDN

30 stories

The Committee for a Responsible Federal Budget

27 stories

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