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The government has said it remains committed to Conservative manifesto commitments not to raise income tax, VAT or National Insurance. It comes after the chancellor announced yesterday that he would jettison the party’s commitment to spend 0.7% of GDP on foreign aid. Today, the IFS warned that Rishi Sunak’s spending review is likely to result…
The complexities of the arrangements in various countries make it hard to say whether the UK’s subsidy scheme for workers is the “far more generous” than Britain’s neighbours, as Boris Johnson claimed this week.
Now Boris Johnson, whether he meant to do so or not – has revealed Conservative plans for a tax cut for working people. Speaking to workers on Teesside – he appeared to blurt out a new policy to raise the threshold for paying National Insurance. Mr Johnson later explained that from next year people would…
What could it mean for future elections?
The Prime Minister said Scotland has ‘the highest taxes anywhere in Europe.’
Amazon is on course to become one of the first companies to reach $1 trillion market capitalisation, and CEO Jeff Bezos was declared the richest man in modern history by Forbes last month. So why does it pay so little tax?
Gary Gibbon
An interesting session from Theresa May at the Liaison Committee this afternoon. Now that’s not a sentence you see very often. Mrs May said there will be additional spending coming for the NHS and you won’t have to wait until the end of the Spending Review next year to hear about it. Mrs May wasn’t asked…
North Korea has obtained the money, knowledge and materials to build nuclear missiles which – it claims – can reach American soil. But it would be in this position without help from the outside world. FactCheck follows North Korea’s nuclear trail, from the Soviet Union to South London.
What do we know about EU migrants living in the UK?
Behind the rhetoric, is there any real difference in what the three parties offer voters?
The core school budget may be protected, but student numbers and costs are rising. In real terms, that means schools are facing the biggest funding cuts since the 1990s.
Having already ruled out cutting the UK aid budget Theresa May refused to repeat her party’s 2015 manifesto promise not to put up income tax, VAT or national insurance. Labour have already claimed the Conservatives are planning a “tax bombshell” if they are returned to power, but Jeremy Corbyn also refused to rule out tax…
Just a week after his very first budget, an embarrassing U-turn by the Chancellor, as he dropped plans to increase national insurance for the self employed. Philip Hammond had been facing an outcry over the tax hike, including from many Tory MPs who accused him of breaking a manifesto pledge.
The Institute of Fiscal Studies comes out in support of the plan to raise national insurance contributions for some self-employed workers. It said the government HAD broken its manifesto pledge, but had been foolish ever to promise not to raise the tax in the first place. Helia Ebrahimi reports.
There was mixed news for businesses from the Chancellor, with help for some small firms struggling with higher bills from the reform of business rates, but a sizeable tax hit from a cut in dividend tax reliefs for shareholders and directors and higher national insurance contributions for many self-employed workers.