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 …
Rachel Reeves, the Labour Party’s Chancellor, is poised to confirm a crucial rule change that could save drivers up to £153 a year. This week, she is expected to announce the cancellation of a planned fuel duty increase that …
The UK government’s decision to freeze the Personal Tax Free Allowance until 2031 is set to cost households an estimated £500 in lost relief, according to the Resolution Foundation thinktank. This freeze means that the …
Up to one million more state pensioners are expected to start paying income tax on their state pension, following a freeze on tax thresholds announced in last year’s Budget. The Office for Budget Responsibility (OBR) …