💨 Abstract

The Chancellor, Rachel Reeves, is expected to announce tax increases in the upcoming Budget on November 26, as she needs to raise funds to meet fiscal targets. The government has hinted at potential changes to stamp duty, capital gains tax, and landlord taxes, while ruling out increases to income tax, National Insurance, or VAT for working people. However, there is speculation that Reeves might increase income tax slightly while cutting National Insurance to maintain the technicality of her pledge.

Courtesy: Isabel Fraser