Budget, Rachel Reeves and tax
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Britain's markets face a major test in next week's budget, with the outlook for bonds, stocks and sterling all hinging on Finance Minister Rachel Reeves striking the right balance between fiscal restraint and support for growth.
Rachel Reeves has ditched manifesto-busting plan to increase income tax rates in major U-turn. JLR hack drove UK economy into contraction in September. Buyer demand and sales activity fell further into negative territory, the Royal Institution of Chartered Surveyors said.
In October, it was reported that Ms Reeves was considering a new mansion tax that would mean a £10,000-a-year levy for homes worth £3million. It comes after the Chancellor faced mounting pressure today from Reform UK and the Conservatives to cut spending rather than hike taxes to raise revenue.
Could Rachel Reeves scrap stamp duty tax? - Property experts agree tax changes are needed to unblock the stagnant housing market, yet London’s high prices and dearth of affordable new homes are also s
PETROL prices could hit 142p a litre if Rachel Reeves presses on with fuel duty plans in the Budget, the AA has warned. UK fuel duty has been frozen since 2011 thanks to The Sun’s Keep It Down
Chancellor Rachel Reeves may end dairy exemptions under the Soft Drinks Industry Levy, creating a so-called 'milkshake tax' to raise revenue. Here's what it means — and why it's happening.
The Chancellor has been urged to 'tax the rich' as she is expected to raise taxes on November 26 in order to fill a multibillion-pound gap in her spending plans
Labour donor Dale Vince has urged Rachel Reeves to cut fuel duty and introduce a new green levy on flights in the Budget. Mr Vince, who donated £5m to Labour last year, told The Telegraph that cars were “essential” for working families whereas “flying is a luxury”.