Middle earners up to £52k hit hardest by budget changes
Analysis reveals workers earning up to £52,000 will be worst affected by a 'triple whammy' of tax and policy changes from the Autumn Budget. Discover the key impacts.
Category : Search result: fiscal deficit
Cognitive decline costs pensioners £30,000, warns IFS
New IFS research reveals cognitive decline erodes £30k of wealth for over-65s, urging urgent pension reforms and advance financial planning to protect savings.
UK households face 'double tax raid' on savings
Chancellor Rachel Reeves's Autumn Budget sparks a 'double tax raid' on UK savings via ISA reforms and frozen tax thresholds. Discover the impact on your money and what you can do.
State pensioners face new 'two-tier' income tax rule
Labour's new rule means pensioners with only state income won't pay tax from 2027, but critics warn of unfairness for those who saved. Discover the full impact.
Rachel Reeves: State Pensioners Spared Income Tax
Chancellor Rachel Reeves announces low-income pensioners reliant solely on the state pension will not pay income tax before 2027. Read the full details of the new rules.
Disposable income falls to lowest level since 2019
UK household disposable income has plummeted to its lowest point since 2019, driven by a £6bn tax surge. Experts warn fiscal drag is eroding wage gains. Read the full analysis.
HMRC to Spur Thousands to Part With Cash in Weeks
As the self-assessment deadline looms, HMRC reports record tax receipts exceeding £900bn. Experts warn of fiscal drag and rising unemployment impacting public finances. Read the full analysis.
Pensioners face tax hit as thresholds frozen under Labour
Chancellor Rachel Reeves's Budget reforms, with frozen income tax thresholds, are set to push retirees with modest savings into paying tax. Experts warn of fiscal drag and inheritance tax implications.
Inheritance Tax receipts hit £5.8bn, up £84m
UK inheritance tax receipts reach £5.8bn in eight months, driven by frozen thresholds. Experts warn the 'quiet' revenue raiser is forecast to hit £14.5bn by 2031. Read the full analysis.
Reeves: State Pension Only Retirees Won't Pay Tax
Chancellor Rachel Reeves confirms low-income pensioners won't pay income tax from 2027. Get the full details on the tax perk and what it means for you.
Chancellor Spares Low-Income Pensioners from Tax
Chancellor Rachel Reeves confirms state pensioners with no other income will not pay income tax in this Parliament, addressing concerns over frozen tax bands. Read the full details.
State pension triple lock increase could backfire, experts warn
Labour's 4.1% state pension hike faces a fiscal threat from rising unemployment and a shrinking tax base. Experts warn the policy could backfire. Read the full analysis.
Reeves' stealth tax warning for earners over £40,000
Chancellor Rachel Reeves confirms frozen tax bands, dragging millions into higher rates. Discover how fiscal drag impacts your income and pension. Sign up for our money-saving newsletter.
State pensioners to keep tax perk, confirms Chancellor
Chancellor Rachel Reeves confirms state pensioners with no other income will not pay income tax. Key update on frozen tax bands and fiscal drag explained.
OBR boss quits over Budget leak 'worst failure'
OBR chair Richard Hughes steps down, taking full responsibility for the technical failures that led to the pre-Budget leak of sensitive fiscal data. Read the full details of the damning report.
Dudley's £56m SEND funding crisis explained
Dudley Council faces a £56m SEND funding black hole despite a national budget change. Discover the local crisis and what the future holds for special needs provision.
Dudley's £56m SEND deficit 'bomb' unresolved
Dudley Council awaits answers on a £56m SEND funding deficit despite a new national policy. The financial 'bomb' could still push the authority towards effective bankruptcy. Read the latest.
Birmingham Hospitals Report £31.2m Deficit
University Hospitals Birmingham NHS Trust reports a £31.2m deficit, £17.1m worse than planned, driven by rising staff pay costs. A financial recovery plan is underway.
State Pension rise confirmed as tax-free for 2025/26
The government confirms the 4.8% State Pension increase will not be taxed next year, but frozen personal allowance continues to pull retirees into the tax net. Discover the full details.
Solihull Council uses AI to tackle £2.7m debt
Facing a £2.7m debt, Solihull Council is investing over £630,000 in an AI programme to generate significant savings, following the lead of other local authorities.
Martin Lewis Warns of 'Biggest Tax Rising Measure'
Martin Lewis explains how the extended tax threshold freeze until 2031 will push millions into higher tax brackets. Discover what fiscal drag means for your wallet.
Martin Lewis Explains Autumn Budget Benefit Rules
Martin Lewis clarifies three confusing benefit rules from Rachel Reeves' Autumn Budget, explaining fiscal drag and how tax freezes will impact millions of UK households.
Workers 'sabotage future' to avoid HMRC tax trap
Experts warn millions are refusing pay rises and promotions to sidestep a stealth tax, a move that could cost them hundreds of thousands over their career.
Petition for £20,000 Tax Allowance Hits 10k Signatures
A public petition urging HMRC to raise the Personal Tax Allowance to £20,000 has gained significant traction. Read the government's response and what happens next.
Tax Threshold Freeze Extended to 2031
The UK government extends the income tax threshold freeze to 2031, a move set to raise £7.6bn and pull millions into higher tax brackets. Discover the full impact.
Frozen Tax Bands to Cost UK Households £7,077
Frozen income tax thresholds are creating a stealth tax rise, dragging millions into higher bands. Discover how to protect your finances from fiscal drag.
Government rejects £20,000 tax-free allowance petition
HM Treasury has officially rejected calls to raise the personal tax allowance to £20,000, warning it would cost £50bn annually and risk essential public services.
Hidden Budget Tax Bomb Costs Workers £555
Experts warn Autumn Budget's frozen tax thresholds and benefit changes could leave workers £555 worse off by 2030. Discover how fiscal drag impacts your finances.
Tax Threshold Freeze Extended to 2030 in Budget
Chancellor Rachel Reeves extends income tax threshold freeze until 2030, pulling millions into higher tax bands. Discover what it means for your finances.
Labour's tax freeze to cost middle earners £3,000
Analysis reveals workers earning over £44,000 face a £2,978 tax hit over four years under Labour's threshold freeze. Discover how fiscal drag impacts your take-home pay.
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