The Latest Breaking News from Income Tax

Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would need to be raised (but without assessing the ripple effects), and how it might affect…

The iShares MSCI United Kingdom ETF (NYSE: EWU) and the SPDR S&P 500 ETF Trust (NYSE: SPY) both traded higher by more than 2% each on Monday after the U.K.

One North East MP accused the government of having "lost all credibility" after dropping plans to cut the top rate of income tax for the highest earners

Government u-turned on plans to abolish the 45% income tax rate for those earning £150,000-plus

From a strictly fiscal perspective, the government’s decision to U-turn on the cut to the 45p top rate of income tax is essentially meaningless. What was a £45 billion tax-cutting budget that sunk the pound, set off gilts and required an emergency intervention by the Bank of England is now…

Stormont’s Finance Minister welcomed the decision to abandon plans to abolish the top rate of income tax for the highest earners.

The Scottish Tory leader told party members that politicians ‘have to listen and respond and that is exactly what the Chancellor has done’.

It comes as the Government U-turned on plans to cut the top rate of income tax for the highest earners.

Despite the screeching U-turn on income tax, the PM still needs to regain the confidence of her backbenchers