The Latest Breaking News from Income Tax

Sir Keir Starmer hit out at the Government’s “wrongheaded” economic policies as he pledged to reverse the income tax cut for people earning more than £150,000. The Labour leader, who said his party now had a belief it would win the next general election, said the mini-budget announcements by Chancellor…

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

Conservative MP John Lamont hailed the ‘radical’ measures in Friday’s mini-budget – though the SNP’s Ian Blackford branded them as ‘nonsense’.

He described it as a 'giant experiment that will leave families worse off long into the future'

Labour leader Sir Keir Starmer rejected the Government’s “trickle down” economics approach.

Andy Burnham has said a future Labour government should reverse the 1p income tax cut and bring back the 45p rate, in a challenge to party leader Sir Keir Starmer.

As the basic rate tax threshold has dropped to 19 per cent from 20 per cent, the cut to income tax impacts those earning between £12,571 and £50,270

MoneySavingExpert founder explains latest Stamp Duty and Income Tax changes

The money expert explained how people would be impacted by the Government's announcements, including the 1p cut to Income Tax

The Money Saving Expert founder explained the latest Stamp Duty and Income Tax changes that were brought in by Chancellor Kwasi Kwarteng's 'new growth plan' on Friday

High earners are the big winners in the chancellor’s tax giveaway, while people on universal credit risk losing income