Published 6 days ago • loading... • Updated 4 days ago

Wealthy and pensioners at risk of new tax raid in autumn Budget, experts warn

Pensioners and wealthy individuals may face tax increases in the autumn Budget due to worsening economic conditions, as cautioned by economists.
Paul Johnson of the Institute for Fiscal Studies expressed concern that the chancellor lacks sufficient financial headroom for economic challenges.
The Office of Budget Responsibility noted that U.S. Tariffs could eliminate the £10 billion budget surplus.
Living standards have dramatically declined, with average household income dropping by 2 percent in the last year, according to the Institute for Fiscal Studies.

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This Is Money

Lean Right

Stay away from our pensions! Warning to Chancellor over tax hikes

Fears are mounting that Reeves will target retirement pots in the Autumn Budget as weak economic growth and higher borrowing costs blow a hole in her plans.

4 days ago·United Kingdom

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Jacobin

Far Left

French Pensions Face Squeeze From Defense Budget Hikes

French premier François Bayrou survived a confidence vote in February after promising fresh talks over pension age rise. But no change has been forthcoming — and calls for increased defense spending are pressuring pensions even further. François Bayrou at the French National Assembly in Paris on September 14, 2010. (Patrick Kovarik / AFP via Getty Images) After a rocky start, François Bayrou held onto his position as prime minister in February …

5 days ago

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Guido Fawkes

Right

Treasury Minister Refuses to Rule Out Wealth Tax in Autumn

Treasury minister James Murray was on the morning media rounds, flogging the government’s latest 'boost' for public transport - £415 million to fix up

5 days ago

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The Telegraph

Right

Reeves plots tax grab on savers

‘Big Brother’ fears over new rules that will make it easier for HMRC to snoop on workers’ accounts and dock their pay

5 days ago·London, United Kingdom

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The Independent

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The Independent (US)

Lean Left

Wealthy and pensioners at risk of new tax raid in autumn Budget, experts warn

Labour chancellor has stopped short of ruling out further tax rises or spending cuts at the Budget

5 days ago·London, United Kingdom

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GB News

Right

Rachel Reeves could introduce 'tax raid on pension' in major U-turn ahead of Budget, economist warns

Chancellor Rachel Reeves could float "tax raid on pensions" before this year's upcoming Autumn Budget due to the fragile state of the economy, analysts warn

6 days ago·London, United Kingdom

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