Jeremy Corbyn has accused Rachel Reeves of not going far enough to tax high earners in her Budget. The chancellor announced an extension to the freeze on income tax thresholds, meaning more earners will soon be made to pay extra tax by “stealth”. The decision to freeze tax thresholds in this Budget from 2028/29 onwards, to help fill a £20bn black hole in public finances, will raise £8bn in 2029-30 and drag one in four workers into the highest tax band. A further 780,000 people will pay tax for the first time. “What Rachel Reeves has baked in is higher tax for the lowest earners,” the former Labour leader said.

Concerns over the impact of a ‘stealth tax’ have been highlighted as the chancellor confirms inflation busting rise in the state pension

Chancellor’s fiscal statement billed as decisive moment for fate of Starmer government as she tries to fill £20bn spending gap

The chancellor is set to use her Budget to pin Labour’s hopes on tackling the cost of living while balancing the books by targeting the wealthy

Chancellor to unveil series of tax hikes to fill black hole in public finances in highly anticipated Budget on Wednesday

Chancellor to deliver fiscal statement, billed as decisive moment for fate of Starmer government, at 12.30pm

Rachel Reeves vowed not to increase taxes in the Budget, a resurfaced clip shared by Kemi Badenoch shows. In the clip, dated 4 November 2024, the Chancellor told Sir Trevor…

Watch live from the Commons after Rachel Reeves delivered her Budget speech on Wednesday (26 November).

It will mean £140 more in tax for hundreds of thousands of earners

Chancellor Rachel Reeves announced a rise in taxes and increased welfare spending.

Rachel Reeves dodged a question about whether she would still be chancellor at the next general election after unveiling a package of £26bn tax hikes in the Budget. When asked…

Britain's Chancellor Rachel Reeves has defended her new budget to the parliament to the alarm of many who say it raises taxes on working people.

The chancellor says she is "asking ordinary people to pay a little bit more" as she extends the freeze on income tax bands.

Chancellor axes two-child benefit cap and cuts energy bills paid for by mansion tax and freezing tax thresholds

Jeremy Corbyn has accused Rachel Reeves of not going far enough to tax high earners in her Budget. The chancellor announced an extension to the freeze on income tax thresholds,…

Chancellor of the Exchequer Rachel Reeves unveiled significant tax increases during her budget presentation on Wednesday, November 26. She faced the difficult task of reassuring…

Use our Budget calculator to determine whether Reeves’ package of measures will leave you better or worse off