The UK government borrowed more than forecast in November, underlining the fragile state of the public finances ahead of Chancellor Rachel Reeves’s autumn budget, according to official figures. Data from the Office for National Statistics (ONS) showed public sector net borrowing, the gap between spending and income stood at £11.7bn last month. Although this was […]
UK Borrows £11.7bn in November, Exceeding City Forecasts Read More »
Millions of low and middle income workers are expected to lose hundreds of pounds in take home pay following Labour Chancellor Rachel Reeves’s decision to freeze income tax thresholds. New analysis from the Resolution Foundation suggests that people earning under £35,000 a year could see between £150 and £200 a year taken from their pay
Millions on Under £35,000 to Lose Hundreds as Tax Threshold Freeze Takes Effect Read More »
More than 500,000 children are living in families in debt to the Department for Work and Pensions (DWP), according to new figures that expose the depth of Britain’s benefits loan crisis. Data obtained by Citizens Advice under freedom of information laws shows that at least 800,000 households on universal credit are having money deducted from
The Chancellor should protect workers’ take-home pay while levelling the tax system, including a 2p cut in employee National Insurance (NI) funded by a 2p rise in Income Tax (IT) according to major new research from the Resolution Foundation. The think tank says the shift would raise £6 billion in a Budget expected to require
Resolution Foundation: £20bn tax rises needed to stabilise UK finances Read More »
