Just six months into Keir Starmer's leadership, concerns are emerging that rising, persistent unemployment may become the hallmark of his term
5dOpinion
Hosted on MSNRachel Reeves has three options - and THIS is why she will choose to raise taxes - Kwasi KwartengIt’s Friday 5th July last year. The Tories have just been swept from power, crashing to a mere 121 seats, the lowest tally in the party’s history. Labour has a 170-seat majority. The Labour government looks firmly in charge.
Rachel Reeves has had a bumpy first few months in government. Her tax-hiking Budget prompted criticism from businesses and farmers, and despite Labour putting a pledge to boost the economy at the centre of its plans, growth has been sluggish.
Last year, during previous controversy about Reeves's CV, the Bank of England confirmed that Reeves had left in 2006 but refused to give the month of her departure, saying it was a detailed staff record that they couldn't provide.
Being caught fibbing about your career credentials isn’t a great look for a politician who has built her brand on being trustworthy, Labour insiders tell Zoe Beaty. Which is why some are wondering if a Chancellor who is so economical with the truth will last the
Chancellor Rachel Reeves faces “an impossible choice” as Labour descends into civil war over plans to cut spending. Party sources say the Chancellor is facing pressure from all sides as she attempts to balance the books while meeting Prime Minister Sir Keir Starmer ’s demand to increase money for defence.
It comes as it emerged the chancellor worked at the Bank of England for nine months less than her LinkedIn profile claimed
Chancellor Rachel Reeves is said to be considering slashing the tax-free amount workers can save in a cash ISA from the current £20,000 limit to as little as £4,000
Rachel Reeves has been urged to raise the personal allowance to save state pensioners from falling into a “retirement tax” trap. Campaigners have called for the incomes of retirees to be protected from being dragged into a tax bracket for the first time.
HMRC updated its guidance on double cab pickups tax rates this week - and Chancellor Rachel Reeves, the Labour Party MP, has been forced to act and issue a clarification.
Retirees will be dragged into paying income tax on their state pension as early as next year, fresh analysis suggests. Forecasts by Deutsche Bank suggest the triple lock will rise by £600 – 5.5pc – next year to £12,631 – meaning it will breach the personal allowance which has been frozen by Rachel Reeves until 2029.
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