OBR warns 8.3 million people will pay more tax by 2029-30 due to frozen thresholds, as fiscal drag quietly raises the UK’s ...

These UK households face being £500 worse off after the Spring Statement, according to a top thinktank. Lower-income families means that living standards are on track to fall over the next five ...

After the sharp slowdown, real disposable income growth is forecast to pick up again to average 0.75% a year in 2028-29 and ...

The UK government borrowed almost £15bn more than forecast in the last financial year, according to official figures.

“particularly income tax and national insurance contributions”, the OBR said. Beyond 2027/28, the figure is forecast to stabilise at 37.5% in 2028/29 and 2029/30. The size of the UK ...

Following the Chancellor’s statement, Shamil Gohil, fixed income portfolio manager at Fidelity International, warned that “the UK may need to get accustomed to higher inflation and higher ...

It comes as the latest Techne UK tracker ... We got the spring statement, and we haven’t.” He pointed out that Labour had promised during the election campaign not to raise income tax, VAT ...

Mr Bell said: "Over 12 million pensioners will benefit from our commitment to protect the triple lock which is set to ...

The Chancellor will on Wednesday reveal the Government’s spending plans in the Spring Statement ... workers begin paying different rates of income tax. Ms Reeves has suggested that she will ...