Published On: Tue, Aug 27th, 2024

Every ‘painful’ Labour tax rise as UK households lose up to £13,925 | Personal Finance | Finance


Labour has ruled out tax rises on Income Tax, VAT or National Insurance – but Prime Minister Keir Starmer has warned the country that the “£22bn black hole” needs to be fixed, which means other tax rises are inevitable.

While the increase to VAT on private school fees was already in Labour’s manifesto, other tax rises could be on the way which weren’t – and not just the cut to the Winter Fuel Allowance.

Labour Chancellor Rachel Reeves is expected to look at several key taxes which…



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