4 articles
• via Sky News
Freezing tax thresholds per Labour pledge imposes stealth rises costing basic-rate taxpayers £220 yearly, outstripping direct rate hikes. This fiscal drag, extended to 2028, signals more pain amid downgraded growth and record burdens.
• via BBC News
Rachel Reeves plans to scrap the two-child benefit limit, easing child poverty at a steep cost that forces breaches of Labour's tax pledges. This trade-off exposes ongoing fiscal fragility across governments.
• via BBC News
Rachel Reeves' push to scrap the two-child benefit limit aims to cut child poverty, yet funding via tax hikes breaches Labour pledges and highlights recurring fiscal-political tensions across governments.
• via The Independent
Rachel Reeves warns of broad tax increases to plug a £50bn public finance gap, shattering Labour's no-rise pledge and highlighting persistent productivity failures across governments. Markets tumble as households brace for eroded living standards.