Tax

Rachel Reeves has declared that "only Labour" offers the leadership needed to respond to the fallout from the mini-Budget after it was announced that Kwasi Kwarteng has been sacked as Chancellor. Liz Truss sacked Kwarteng this afternoon…

It is hard to believe that the ‘mini-Budget’ – which has turned out to in fact be a pretty large event, triggering widespread economic turmoil – is only three weeks old today. The statement tanked the pound, saw mortgage rates rise sharply…

Rachel Reeves has accused Kwasi Kwarteng of being in a "dangerous state of denial" over the mini-Budget and has again urged the Chancellor to reverse the economic plans set out in his fiscal statement. Addressing the Commons this afternoon…

"We have to be fiscally responsible," Liz Truss told BBC Radio Four's Today programme when asked whether her government would uprate benefits in line with inflation. You may be wondering if this is the same Liz Truss whose Chancellor…

Analysis has found that the richest households will gain around 40 times as much as the poorest from the 'mini-Budget' despite the government U-turning on its plans to abolish the 45% income tax rate for earnings over £150,000. Research by…

Rachel Reeves has declared that the mini-Budget shows that the government's "instincts" were to cut taxes for the wealthiest after Kwasi Kwarteng announced a U-turn on plans to scrap the top rate of income tax. The Chancellor said in a…

The start of Tory conference was – understandably and unsurprisingly – met by angry demonstrators. As Conservative MPs entered Birmingham, a protest organised by the People’s Assembly Against Austerity attracted hundreds of people livid…

Rachel Reeves has said that Labour would reinstate the 45% top rate of income tax to fund "the biggest expansion of medical school places in British history doubling the number of places so we have the doctors we need in our NHS"…

Conservative voters in Bassetlaw have voiced their concerns about the rising cost of energy, criticised the government's decision to give tax cuts to the wealthy as "disgusting" and given their views on Liz Truss' first weeks as Prime…

I’m reeling from that Budget. Tax cuts for the richest whilst sanctioning those who already won’t be able to make ends meet this winter is not only reckless but malevolent. Others have said that better than I ever will, but I do want to say…

Rachel Reeves has accused the government of "actively working against" families after Kwasi Kwarteng set out plans to scrap the additional tax band for the highest earners and axe the cap on bankers' bonuses as part of his mini-Budget. The…

Frances O’Grady has declared that Kwasi Kwarteng's "number one priority" should be getting wages rising not boosting bonuses after it was reported that the Chancellor is considering removing a cap on bankers' bonuses. According to the…