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The Latest Breaking News from Income Tax

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

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?

The Guardian - UK

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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.

Evening Standard

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

The Independent UK

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.

Evening Standard

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How changes to income tax thresholds could impact you

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The Independent UK

$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.

Benzinga

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

Evening Standard

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 Independent 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

The Guardian - UK

Liberals lay out economic pitch to win back voters

Tax cuts and a stronger focus on AI are the centrepiece of the opposition's economic strategy to win back those who deserted them at the last federal election.

AAP

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The Independent UK

Budget 2025: 1.7 million workers to pay more income tax due to Reeves’s ‘stealth tax’

It will mean £140 more in tax for hundreds of thousands of earners

International Business Times UK

Chancellor Rachel Reeves Signals Tax Rise on the Rich as She Eyes Mansion Tax to Bridge Deficit

Rachel Reeves plans a mansion tax on £2m-plus homes to raise revenue and close the fiscal gap while keeping Labour's pledges on income tax and VAT across UK law.

The Independent UK

‘I own a £2m farmhouse - Reeves’ mansion tax is nothing but punishment for being well-off’

Consultancy firm boss says raising income tax a fairer way for chancellor to bring in money as part of Budget

The Independent UK

What the autumn Budget could mean for pensioners

Rachel Reeves is expected to confirm an above inflation rise on state pensions

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Evening Standard

Budget 2025 LIVE: Rachel Reeves unveils £26bn tax raid but cuts energy bills amid leak fiasco

Rachel Reeves calls the blunder by the Office for Budget Responsibility ‘deeply disappointing’ as she delivers Budget

The Independent UK

Reeves to hit 100,000 high-value properties with mansion tax in Budget

The tax will reportedly apply to homes worth more than £2m and could raise up to £450m for the Treasury

Evening Standard

Thousands of Londoners 'to be hit by new expensive homes tax surcharge' in Budget

The Chancellor will reportedly hit homeowners with properties worth more than £2million with a levy that could raise £400-£450 million

The Independent UK

Rachel Reeves prepares benefit fraud crackdown in Budget

The chancellor is expected to target Universal Credit reviews

Evening Standard

2.6 million people in London and South East to be hit by stealth income tax with Reeves Budget raid

The Chancellor is set to continue the income tax thresholds freeze, first introduced in 2022 by Rishi Sunak, until 2029/30

The Independent UK

Warning 1.3m more people could pay higher income tax rate after Reeves Budget

Concerns over the impact of a ‘stealth tax’ have been highlighted as the chancellor confirms inflation busting rise in the state pension

The Guardian - UK

Rachel Reeves promises to ‘grip the cost of living’ in autumn budget

Chancellor admits economy ‘feels stuck’ for many as she signals intention to freeze income tax thresholds

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