Millions more dragged into paying higher income tax in Reeves's 26bn Budget squeeze
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Millions more dragged into paying higher income tax in Reeves's 26bn Budget squeeze
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Millions more people will be dragged into paying higher income tax after Rachel Reeves bet her political future on a 26bn tax raid on the middle classes in her make-or-break second Budget. In what she branded a Labour values Budget, the chancellor moved to appease the left in her party with a package of measures that included 43 separate tax rises according to shadow chancellor Sir Mel Stride taking the tax burden in the UK to its highest level in history."
The Independent reports on reproductive rights, climate change and Big Tech, investigating Elon Musk's pro‑Trump PAC and producing documentaries such as 'The A Word' about American women fighting for reproductive rights. Donations fund journalists and enable reporting without paywalls through voluntary contributions. Chancellor Rachel Reeves' second Budget included a 26bn tax increase with up to 43 separate tax rises, a freeze in tax thresholds from 2028/29 to close a 20bn fiscal gap, measures projected to raise 8bn in 2029–30, bring one in four workers into the highest tax band and add 780,000 new taxpayers. The Budget ended the two‑child benefit cap and announced a 73bn increase in welfare spending.
Read at www.independent.co.uk
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