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2025November › 24

Chancellor

7 months ago

In a major blow to millions of hard-working savers, the Chancellor will significantly cut the annual £20,000 cash Isa tax-free allowance to £12,000, it emerged on Monday.
Chancellor Rachel Reeves is widely expected to place an additional annual levy on properties in the top three council tax bands, which could be as much as £2,000.
A Savanta survey found that 53 per cent were concerned about their nearest boozers closing due to the Chancellor's raising of National Insurance.
The Chancellor is still expected to announce a controversial pay-per-mile tax on electric vehicles in the Budget on Wednesday.
Almost exactly a year ago the Chancellor used a speech to business leader at the CBI to vow 'no more taxes', after milking voters and businesses to the tune of £40billion in her first fiscal plan.
Chancellor Rachel Reeves is putting the final touches to another grim package, despite promising just a year ago that she would not be back for more taxes.
Despite warnings about the fragile state of the hospitality sector - and concerns about inflation - the Chancellor is expected to press ahead with an increase in alcohol duty across the board.
In a last-ditch plea ahead of Wednesday's Budget, the head of Britain's biggest business group will warn the Chancellor: 'You will never be able to tax your way to growth.'
To help fund Left-wing demands to scrap the two-child benefit cap, the Chancellor is targeting a £3billion raid on the 'salary-sacrifice' schemes used by millions of private-sector workers.

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