Rachel Reeves to Protect Banks From Taxes Ahead of November Budget

Rachel Reeves to protect banks from taxes ahead of November Budget

Rachel Reeves has decided against imposing new taxes on the banking sector in her November 26 fiscal statement, according to multiple reports

The Labour implosion: Rachel Reeves to protect banks and fleece workers in looming budget

Chancellor Rachel Reeves plans to shield banks from tax rises in her budget on 26 November, according to the Financial Times. At the same time, there is widespread speculation that she will raise income tax for workers, shredding the Labour electoral mantra that they will ‘make work pay’. Reeves said “each of us must do our bit” on 4 November, sparking concern that she will regressively tax across the board, despite obscene levels of wealth ineq…

The Resolution guide to hiring staff and protecting their payslips • Resolution Foundation

Afternoon all, Plug in baby – what a week. We published our pre-budget analysis – Black Holes and Consolidations – and I put out my first Budget Muse-ing on why there’s a strong case for putting up income taxes. The Chancellor stole our thunder though, confirming we’re going to see an Uprising in taxes. But could OBR revisions to wage growth forecasts offer some Starlight at the end of the tunnel? Join us at our post-budget event for our diagnos…