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Tag: Rachel Reeves

Rachel Reeves poised to scrap fuel duty cut in upcoming budget

Reports suggest that the Chancellor will announce the end of a temporary five-pence reduction in fuel duty as part of a broader strategy to address fiscal pressures

Budget 2024: Potential tax hikes under Chancellor Rachel Reeves

As Labour aims to address a £22 billion fiscal gap, Chancellor Reeves considers several tax-raising measures while avoiding a return to austerity

Starmer and Reeves stand firm amid cabinet uproar over looming spending cuts

Prime Minister and Chancellor face resistance from ministers as they prepare for a challenging October Budget

IMF warns Reeves: Higher taxes alone won’t resolve UK’s public finance crisis

International Monetary Fund calls for a balanced approach of spending cuts and tax increases to effectively reduce national debt

Rachel Reeves contemplates raising capital gains tax to 39% amid Fiscal challenges

Treasury modelling indicates potential rates of 33% to 39% as officials scramble to fill a significant budget shortfall
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