News

Victory for the Mail and This is Money as Healey axes Reeves' cash Isa raid

Today

The amount that can be funnelled into a tax-free cash Isa every year will now stay at £20,000 instead of being slashed to £12,000 from April.

Benefits? The bill's UP by £5bn a year: As Tories say UK 'addiction to welfare spending is alive and kicking', Healey vows he'll cut cost 'in a Labour way'

Today

The Chancellor was accused of allowing Britain to drown in an 'out-of-control welfare system' as the fiscal watchdog warned costs will spiral over the next five years.

Struggling workers will pay an extra £17billion of income tax by the end of the decade through 'stealth raids'

Today

Chancellor John Healey failed to mention the tax grab in his Budget as he drove the tax burden towards a record high.

Healey has launched yet another spiteful attack on the prudent - why I fear this is just the calm before the storm, says JEFF PRESTRIDGE

Today

Compared to the two previous (damaging) tax raising Budgets, today's Budget was somewhat gentler on our household finances and our long-term wealth.

Labour is killing aspiration and placing a block on recruitment, say small business owners on Healey's home patch days before the Budget

Today

The displays may be colourful but the pre-Budget mood is bleak at a garden centre in Chancellor John Healey's Yorkshire constituency.

Government scraps standing charges on gas bills - what will it mean for your energy bills?

Today

This is Money examines what standing charges are, how much they cost households and how the scrapping of them on gas bills will affect you.

Chancellor's bid to tackle higher public EV charging costs fails to plug a £1,000-a-year 'driveway divide'

Today

John Healey in his first Autumn Budget pledged £100m towards reducing the cost burden for EV owners who are unable to plug in at home by £150 a year.

Healey bought himself some breathing space but Britain faces a funding crisis: ALEX BRUMMER

Yesterday

Whatever else one might think about Chancellor John Healey's first Budget, he and his Treasury team managed expectations very well.

Glaxo shares slump amid concerns over its vaccine pipeline of new drugs as patent losses loom

Yesterday

The pharmaceutical giant reported beat third-quarter sales and profit expectations, driven by a 15% rise in demand for its specialty HIV and respiratory medicines.

Regulator urged to probe Budget bank tax raid leak: Share surge hours before Healey's speech sparks insider trading fears

Yesterday

In a letter to the FCA, the chairman of the Treasury select committee raised concerns about potential market abuse after a surge in share prices ahead of the Budget.

Bank and gambling shares jump after Budget tax raid was 'not as bad as feared'

Yesterday

Bank and gambling shares jumped today as John Healey's tax raids on the sectors were not as punishing as feared.

How much more tax will you pay on YOUR savings? What's your total tax hit? Calculate your Budget damage wih DEEP DIVE

Yesterday

Income tax thresholds will remain frozen until 2031, adding to the growing tax burden on millions of workers and pensioners.

'Go further, faster': High Street urges Labour to tackle soaring costs after Budget rates boost

Yesterday

Businesses said Labour must go 'faster and further' to tackle fundamental problems with how they are taxed or help with mounting costs.

Rolls-Royce hails 'landmark moment' for UK aerospace after £2.5bn Budget deal to develop new engines in Britain - not overseas

Yesterday

Rolls-Royce hailed a 'landmark moment' for the UK aerospace industry after the government backed a £2.5billion programme to develop new jet engines.

Healey accused of 'robbing Peter to pay Paul' as he launches £300m raid on entrepreneurs to fund fresh tax break for founders

Yesterday

Healey announced a lower rate of capital gains tax for creators of start-ups, while increasing how much is paid by owners of established businesses who cash out.

The key points from Chancellor John Healey's first Budget

Yesterday

Chancellor John Healey is delivering his first Budget against a challenging economic backdrop.

Chancellor ditches Rachel Reeves' cash Isa raid and keeps savings limit at £20,000

Yesterday

John Healey has abandoned his predecessor Rachel Reeves' 'car crash' plans to cut the cash Isa allowance in his first Budget this afternoon.

Savers and landlords hammered with income tax raid in Budget as Healey ratchets up Reeves' hike by another 2%

Yesterday

From April 2027, both will pay an extra 4% in income tax on money they receive as savings interest above their personal allowance, and rent they receive from tenants.

Poorest pensioners will be let off income tax under new rules revealed in Budget - but some face a 53% sting

Yesterday

John Healey plans to create a new Pension Tax Allowance of £13,036, the same as the full new state pension rate from next April, instead of the £12,570 for everyone else.

Poundland set to appoint administrators as union warns of job losses before Christmas

Yesterday

Thousands of Poundland staff could lose their jobs before Christmas as it teeters on the brink of collapse. Company bosses are preparing to file a notice to appoint administrators.

The latest news