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2025October › 17

Chancellor

8 months ago

The Chancellor is considering scrapping tax breaks which spare Motability's 860,000 users from having to pay VAT or insurance premium tax on their leased vehicles.

Rachel Reeves understood to be eyeing cuts to Motability scheme as she tries to plug hole in country’s finances

Rachel Reeves has said she “can’t leave welfare untouched” this parliament, with the Tre…

The Chancellor told her party they 'can't leave welfare untouched', adding: 'We can't get to the end of this Parliamentary session and I've done nothing, basically.'
The Chancellor must avoid piling further pressure on British businesses at the Budget after another 2,000 firms went bust last month, restructuring experts have warned.
And the Chancellor plans ‘targeted action’ on bills in the budget.
The Chancellor has been warned that raising VAT in the Autumn Budget would have a more detrimental effect on the economy than income tax hikes.
HUGO DUNCAN: Don't be fooled by the Chancellor ruling out a 'wealth tax' on Thursday - even if she quashed hopes among lefty Labour backbenchers of a full-blown attack on the rich.

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