Rachel Reeves reveals plan to increase income tax at Budget
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RACHEL Reeves must axe a ‘White Van Man tax’ to help grow the economy, business chiefs say. The Chancellor is under pressure to make it easier for building firms and the farming sector
Rachel Reeves will reportedly target employee pension contributions in a bid to raise more money at this month’s crunch Budget. The chancellor, according to The Times, is expected to limit an existing tax break on salary pension contributions by introducing a cap on the amount saved for retirement without incurring national insurance payments.
Chancellor Rachel Reeves is weighing plans to introduce a pay-per-mile tax on electric vehicles in her November Budget, with drivers facing a 3p-per-mile charge to offset falling fuel duty revenue.