‘Crunch time’ on rising costs of Send provision in England, says thinktank

IFS says system failing to deliver for those who need it and ministers face stark choices with white paper imminent

The Guardian
Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

Chancellor axes two-child benefit cap and cuts energy bills paid for by mansion tax and freezing tax thresholds

The Guardian

Farage’s numbers don’t add up

Stuart Adam, a senior economist at Institute for Fiscal Studies think tank, said increasing the annual income tax allowance to £20,000 could cost between £50bn and £80bn a year, depending on the details.

“As it stands, I don’t think they’ve really set out how they would pay for such big giveaways,” he said.

“Of course they don’t have to do that yet – we’re not at a general election. But at some point, if they’re going to be a party of government, they would have to make those numbers add up.”

Stuart Adam (on Reform’s fantasy tax cuts) via BBC

#failedToDoHomework #fantasyEconomics #InstituteForFiscalStudies #NigelFarage #StuartAdam #TheySaidThat_

Nigel Farage: Reform UK want to make it easier for people to have children

Reform leader backs lifting the two-child benefit cap and introducing more generous tax breaks for married people.

BBC News
Downing Street says Trump’s tariffs signal ‘new era’ in global economics

Experts say UK may have to raise taxes in autumn as senior MPs caution against too many concessions in US trade talks

The Guardian
Inheritance tax on farms should be delayed to avoid unfairness, says thinktank

IFS suggests making gifts of land before a certain date tax-free so that elderly farmers would not be caught out

The Guardian
Home Office criticised over ‘woefully’ understated Tory asylum budgets

An IFS report vindicates Labour concerns that it inherited a worse financial situation than previously thought

The Guardian
Wealth taxes could raise £10bn to help plug Tory budget hole, say economists

Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap

The Guardian
Keir Starmer just LIED that there's no money to lay cover for the super rich

On Sky News, Starmer misrepresented government spending in order to explain away all his abandoned policy pledges

Canary
Tory HQ resists calls to refer Menzies allegations to police – UK politics live

Internal investigation under way but party has not announced that police have been called in

the Guardian

#NationalInsurance cut to kick in but more pay #tax - BBC News -

Combining the impact of the thresholds freezes and the NI cuts, independent think tank the #InstituteForFiscalStudies (#IFS) estimates that for every £1 given back to workers (including the self-employed) this year by the NI cuts, £1.30 will have been taken away due to the threshold changes between 2021 and 2024, with this rising to £1.90 in 2027.
https://www.bbc.co.uk/news/business-68722934
#ToryPoliciesInAction #TakeFromPoorGiveToRich

National Insurance cut to kick in but more pay tax

Tax and benefit changes take effect on Saturday but the wider outlook for finances is more complex.

BBC News