Shabana Mahmood Backs £3,740 Tax Hike for High Earners
Shabana Mahmood, expected to be Chancellor under Andy Burnham, supports raising the 45p income tax rate to 50p, costing those earning £200,000 an extra £3,740 annually.
Shabana Mahmood, expected to be Chancellor under Andy Burnham, supports raising the 45p income tax rate to 50p, costing those earning £200,000 an extra £3,740 annually.
Shabana Mahmood may announce a cost of living package as Chancellor, including energy bill support, rent freeze, and bus fare cap, according to reports.
England bans high-caffeine energy drinks for under-16s from April 2027, affecting all shops and vending machines, as 100,000 children consume them daily.
Dudley Council has formally adopted its new local plan, protecting green belt, but new government housing targets more than double requirements, making the plan instantly out of date.
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RecommendedHMRC confirms the High Income Child Benefit tax charge applies to individuals earning over £60,000, with a tapered charge up to £80,000, and full repayment above that. Couples with individual incomes under £60,000 are unaffected.
Owen Flowers, 18, from Walsall, was jailed for five years and six months for a cyber attack on Transport for London that cost £29 million and disrupted thousands of customers.
Households can now receive up to £21,330 tax-free by combining Marriage Allowance and Rent-a-Room scheme, while the Personal Allowance remains frozen at £12,570 until 2031.
State pensioners paid on Fridays will receive two payments in July, on July 3 and July 31, due to the DWP's four-week payment schedule.
HMRC's new rule allows low-earners to earn up to £18,570 tax-free by combining Personal Allowance, Starting Rate for Savings, and Personal Savings Allowance.
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RecommendedThe Renters' Rights Act introduces new legal requirements for landlords, making updated insurance essential. Our checklist covers key changes and coverage needs.
HMRC has confirmed that tax relief on personal pension contributions stops at age 75, affecting state pensioners born before 1951. Key changes for death benefits from April 2027.
HMRC has confirmed new VAT road fuel scale charges for petrol and diesel cars, effective from May 1, 2026, until April 30, 2027, with rates based on CO2 emissions.
Owen Flowers, 18, from Walsall, part of the Scattered Spider hacking group, faces jail for a £39m cyber attack on Transport for London, affecting 28,000 employees and Oyster refunds.
An interim report finds PIP 'no longer working' ahead of 2027 reforms. DWP minister hints at fewer claims for anxiety and depression, aiming to reduce welfare bill and boost employment.
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RecommendedThe DWP confirms plans to merge Pension Credit and Housing Benefit, aiming to simplify claims for millions of pensioners, with a pilot online service from autumn 2026.
Andy Burnham faces calls to reform tax after a report reveals marginal rates of 62% for earners between £100,000 and £125,140, with some facing over 100% due to benefit withdrawal.
Andy Burnham is urged to introduce a 2% online sales tax to fund a 37% cut in business rates for physical shops, as the Real Rates Reform Alliance calls for reform.
Chancellor Rachel Reeves confirms pensioners solely on state pension won't pay income tax before 2030, but 12 million others face charges, sparking fairness concerns.
Chancellor Rachel Reeves has confirmed that one million state pensioners will be exempt from income tax until 2030, as the triple lock pushes pensions closer to the threshold.
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RecommendedOutgoing Chancellor Rachel Reeves confirms bonus payments for Universal Credit households, scrapping the two-child benefit cap to lift children out of poverty.
Lloyds Bank has written to Halifax customers warning of scams as the Halifax brand is phased out from UK high streets next year, with accounts transitioning to Lloyds.
Residents, builders, and property owners in Sefton are urged to participate in a national online consultation on housing challenges, with a deadline of 11:50pm on Monday, 13 July 2026.
Solihull councillors have renewed their commitment to tackle the growing number of HMOs, with plans to consult on an Article 4 directive by year-end, despite clashes over immigration references.
Millions of married couples and civil partners can claim up to £1,260 in backdated Marriage Allowance from HMRC, worth £252 per year, with claims possible for up to five tax years.
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RecommendedMartin Lewis warns couples where one is a high-rate taxpayer cannot claim marriage tax allowance, even if over threshold by £1, affecting potential £1,250 boost.
Ofgem's interim director general Neil Kenward says UK energy bills may not return to pre-crisis levels, citing a 50% increase in the price cap since 2019, though real-terms rise is 15%.
Tesco, Sainsbury's, Asda, and Morrisons must comply with updated Price Marking Order requiring clearer unit pricing, following Which? campaign and government reforms.
State pensioners aged 80+ will get a £100 increase in Winter Fuel Payments. Nine million pensioners in England and Wales with incomes up to £35,000 qualify. Payments of £200-£300 per household will be automatic.
HMRC warns 1.5 million families: Child Benefit payments of £108.20 will stop on August 31 for 16-year-olds unless parents update their online account to confirm education plans.
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RecommendedHMRC will impose £10 daily fines on households that missed the January 31 Self Assessment deadline, starting in July, with penalties up to £900.