"Your donation allows us to keep sending journalists to speak to both sides of the story. The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference."
"Martin Lewis has delivered his analysis and reaction to the key policy changes outlined in Rachel Reeves Autumn budget, saying that a rise in income tax thresholds is a stealth tax that would leave earners worse off. On Wednesday, the Chancellor unveiled 26 billion worth of tax hikes as she tried to close a multi-billion pound hole in the country's public finances."
"The decision to freeze tax thresholds in this Budget from 2028/29 onwards, to help fill a 20bn black hole, will raise 8bn in 2029-30 and drag one in four workers into the highest tax band. A further 780,000 people will pay tax for the first time. The Money Saving Expert founder, whose site provides free and independent advice on saving money, told the BBC's Martin Lewis Podcast that this represented a stealth tax that would leave earners worse off."
The Independent sends reporters to developing stories across topics including reproductive rights, climate change and Big Tech, and avoids paywalls so journalism remains free for all. Donations fund on-the-ground reporting and help send journalists to speak to both sides. Rachel Reeves unveiled an autumn budget that included £26 billion of tax increases to close a budget shortfall. The budget freezes income tax thresholds from 2028/29, raising an estimated £8 billion in 2029-30, shifting one in four workers into a higher tax band and bringing 780,000 people into the tax system. Martin Lewis called the threshold freeze a stealth tax that reduces real-term spending power.
Read at www.independent.co.uk
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