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    • Taxes will probably rise again

      • Taxes will probably rise again in the new few years as wage increases are hit, leading economists warned the day after the Budget. The Institute for Fiscal Studies also stressed that household income growth would be the worst in history during this Parliament, apart from the previous five years.
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  2. 3 days ago · Sir Keir Starmer has already confirmed tax rises are on the way, insisting on Monday that they are necessary to "prevent austerity and rebuild public services", while higher borrowing is needed ...

  3. 3 days ago · In a speech on Monday, the prime minister confirmed that tax rises were on the way: "Borrowing will drive long-term growth. Tax rises will prevent austerity and rebuild public services. We choose to protect working people. We choose to get the NHS back on its feet.

  4. 3 days ago · Rachel Reeves has delivered her long-awaited Budget which will increase taxes by £40 billion - the biggest tax-raising fiscal event in more than 30 years. The government hopes the historic...

  5. 3 days ago · Labour's first budget since 2010 includes £40bn worth of tax rises and spending cuts across government - as well as promises to invest in infrastructure and support working people with higher wages.

  6. 2 days ago · National Insurance: The rate that employers pay in contributions will rise from 13.8% to 15% on a worker's earnings above £175 from April. The threshold at which employers start paying the tax on ...

  7. 3 days ago · The employer NIC rate will rise from 13.8% to 15% from April 2025, and the per-employee threshold at which most businesses start paying NI on a worker's earnings will be lowered from £9,100 to £5,000. The government expects these measures to raise £25bn. While there is no direct impact of employer NIC increases on working people, prior to ...

  8. Oct 23, 2024 · Set against the backdrop of what Sir Kier Starmer has called “painful” decisions needed to plug a substantial “black hole” in the public finances and anticipated tax rises, there has been intense speculation over what that could mean for the tax landscape for both individuals and businesses.

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