#tax-policy

#tax-policy

Rachel Reeves could consider cutting the amount savers are allowed to withdraw in a lump sum from their pension pots as she seeks to plug a multi-billion-pound hole in the public finances. The chancellor will look at proposals from civil servants that could raise around 2bn by lowering the limit on how much people are allowed to take out of their pension without paying tax. Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of 268,000.

Starmer emphasized that some figures concerning the public finances, particularly the projected shortfall, are not recognized by him and indicated a need to prioritize living standards.

The economy, Andrew, you've got to start by saying, our economy is amazingly resilient, amazingly resilient. It's been the bright spot in the world since 2020.

The world’s most important financial watchdog has warned that Chancellor Rachel Reeves will likely break a key party manifesto pledge by hiking taxes or cutting public services.

The anticipated 15% tariffs from Trump are likely to inflict significant economic damage, pushing businesses to reassess their financial strategies and market positioning.

The bill's complexity was always in service of its politics: When no one understands tax policy, it's much easier to sell whatever story you want.

According to the National Association of REALTORS®, 35% of homeowners in Virginia now exceed the federal capital gains tax exemption, potentially triggering thousands in federal and state taxes when they sell.

In Mississippi, a hidden home equity tax is emerging, affecting nearly 8% of homeowners due to outdated capital gains tax thresholds that fail to account for inflation.

Mamdani's campaign is buoyed by a pro-Mamdani super PAC called OneNYC, which is led by Yasser Salem, aiming to elevate community capabilities and culture.

The freeze on National Insurance (NI) and income tax thresholds, introduced under the Conservatives, is currently due to end in April 2028 and affects millions of people.