Shabana Mahmood Endorses 50% Income Tax Rate Amid Chancellor Speculation Friday, July 17, 2026 shabanamahmood incometax labourparty chancellor andyburnham hmrc taxpolicy economicjustice edmiliband politics Shabana Mahmood, the Birmingham MP, has garnered attention following reports suggesting she could be appointed Chancellor as early as Monday. Her endorsement of a 50% income tax rate, previously expressed in Parliament, has … Read More
Rachel Reeves Announces New Income Tax Exemptions for State Pensioners, but Millions May Be Excluded Tuesday, July 14, 2026 pensions tax hmrc statepension rachelreeves incometax labour martinlewis retirement exemption Labour Party Chancellor Rachel Reeves has confirmed that state pensioners whose only source of income is the state pension will not have to pay income tax until at least the end of this decade. This move aims to ease the … Read More
Andy Burnham’s Plan to Introduce Three New HMRC Tax Bands on Capital Gains Thursday, July 2, 2026 cgt taxation hmrc burnham capitalgains incometax budget2024 labour finance policy Prime Minister hopeful Andy Burnham is reportedly considering a major overhaul of Capital Gains Tax (CGT) if he takes office. CGT is a tax on the profit earned from selling or disposing of assets that have appreciated, … Read More
Andy Burnham Signals Possible Introduction of 50% Income Tax Rate for High Earners Thursday, July 2, 2026 incometax hmrc andyburnham taxpolicy higherrate labourparty fiscalpolicy devolution economicgrowth budget2024 Andy Burnham, the Labour Party’s prospective Prime Minister, has hinted at the introduction of a new 50% income tax rate for individuals earning over £125,140 annually. This new rate could replace the current 45% higher rate, … Read More
HMRC to Recover £200 Winter Fuel Payment from Pensioners with £35,000+ Income Thursday, July 2, 2026 hmrc winterfuelpayment pensioners taxcode incometax statepension meanstest martinlewis taxthreshold ukfinance HM Revenue and Customs (HMRC) will begin reclaiming the £200 Winter Fuel Payment from state pensioners whose total taxable income surpasses the £35,000 threshold. This change primarily affects state pensioners born after 1951 … Read More
Andy Burnham’s HMRC Tax Proposal Could Leave £35,000 Earners £500 Worse Off Thursday, July 2, 2026 incometax fiscaldrag taxfreeze andyburnham hmrc labour taxpolicy devolution personalallowance taxthresholds Andy Burnham has indicated that a forthcoming HMRC income tax initiative could result in individuals earning around £35,000 being £500 worse off. The Labour Party government has already frozen income tax thresholds until … Read More