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The Latest Breaking News from Income Tax

Reeves to scrap two-child benefit cap in Budget to appease Labour rebels

Keir Starmer and Rachel Reeves set to tack hard to the left in the Budget in a bid to prevent an attempt to force a change of leadership by Labour MPs

The Independent UK

A Bay Area Couple Earning $210K Say Moving To Austin With No State Tax Should Make Them Feel 'Richer' — But Yet They Break Even

A move from San Francisco to Austin with the same six-figure salary and no state income tax sounds like the sort of upgrade that should make a family feel instantly "richer." For one couple earning $210,000, the numbers told a different story. Their spreadsheet confused them enough to take the…

Benzinga

A make-or-break budget: inside the Treasury before Labour’s crucial day

From the outside, the run-up to Rachel Reeves’s announcement has looked chaotic, and many see the future of the chancellor and PM in the balance

The Guardian - UK

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Fact check: What has Labour pledged on income tax?

Ahead of next Wednesday’s Budget, Full Fact looks at the detail of Labour’s manifesto commitments.

Evening Standard

Starmer refuses to rule out freeze on income tax thresholds in Budget

Labour prime minister under pressure from Conservative leader Kemi Badenoch

The Independent UK

Keir Starmer refuses to rule out income tax thresholds freeze at Budget

The Prime Minister dodged questions about the Chancellor’s plans at PMQs

Evening Standard

Starmer refuses to rule out freeze on income tax thresholds ahead of Budget

The Prime Minister declined to answer numerous questions from Kemi Badenoch on the issue.

Evening Standard

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Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

Evening Standard

Ken Clarke tells Rachel Reeves to raise income tax in her budget

The former chancellor has also warned that pre-budget briefing as left an ‘air of gloom’ over the economy

The Independent UK

IRS federal income tax brackets are changing in 2026. Experts reveal what this means for you

These changes will impact taxpayers when they file in 2027

The Independent UK

Chancellor's Budget raid will make 500,000 more people in London and South East pay 40% income tax rate

Rachel Reeves is set to impose a ‘stealth tax’ in her Budget on November 26 with a further two-year freeze on income tax thresholds

Evening Standard

Wasted public money and Rachel Reeves’s income tax hokey cokey

Letters: Michael Bichard, John Denham, Liam Byrne and Helen Bailey on making better use of current resources, Dan Goss on making the case for tax rises, and Jol Miskin on a U-turn

The Guardian - UK

Have Reeves and Starmer missed the chance to ditch stealth taxes?

Retreat from plans to increase income tax means Labour is unlikely to make system fairer and more coherent

The Guardian - UK

Income tax U-turn will only hasten Starmer’s departure, MPs warn

Ministers and backbenchers reacted with despair to U-turn and claimed the prime minister was ‘weakened’

The Independent UK

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Evening Standard

Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

The Independent UK

Reeves ‘plots new property tax’ in Budget after income tax U-turn

Chancellor could bring in new levy on high-value properties and maintain the freeze on thresholds

The Independent UK

Rachel Reeves’s U-turn on income tax is needless, cowardly – and wrong

THE INDEPENDENT VIEW: Editorial: The chancellor’s decision to break a manifesto pledge cannot so easily be flipped from yes to no, especially when there has been no change in the economy to warrant it. This is no way to run a government

The Guardian - UK

Reeves’s plan to ditch income tax rise prompts government bond sell-off

Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July

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The Guardian - UK

Reeves’s tax U-turn: how Labour changed course on budget plans

Chancellor spent weeks preparing the ground for breaking manifesto pledge but events this week appeared to change her mind

The Independent UK

Financial markets grow fretful after reports of UK government abandoning income tax hike

British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month

The Independent UK

‘The speculation is ridiculous’: Readers vent frustration over Budget uncertainty

YOUR VIEWS: Our community is split over Rachel Reeves’ upcoming Budget, with many frustrated by speculation and uncertainty, while others defend her cautious approach

Evening Standard

Londoners who own expensive homes face being hammered in Budget after Reeves U-turn to dump income tax rise

A new ‘mansion tax’ or higher council tax bands for costly properties are measures the Chancellor could announce

The Guardian - UK

What are Rachel Reeves’s options after U-turn on income tax rates?

From freeze on income tax thresholds to reforming capital gains tax, we look at how much the alternatives could raise

Evening Standard

Nightmare on Downing Street: 'Iron Chancellor' loses her mettle with Budget U-turn and Starmer in coup chaos

Commentary: Two startling own goals in a week have damaged Sir Keir Starmer and Rachel Reeves’ authority

Kiplinger

Ask the Editor, November 14: 20% Qualified Business Income Deduction

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI.

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