i Front Page 22nd of October 2024
Under the proposed Budget plan by Rachel Reeves, nearly nine million individuals, including teachers and nurses, are expected to be affected by a 40% tax rate due to frozen income tax thresholds extending to 2030.
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The i leads on there being no major tax cuts planned for 2023 and public spending increases also being off the table as the interest rate is raised to 4.25%. The paper says hundreds of thousands of homeowners who cannot afford to remortgage on to fixed rates now face increases of almost £400 a year – with some set to be charged 8.48%.
i Front Page 21st of October 2024
The i highlights a former defence minister’s warning about a critical gap in the UK’s defence capabilities, which could impede its ability to defend against missile attacks.
i Front Page 19th of October 2024
Rachel Reeves plans to freeze income tax thresholds beyond 2028, potentially resulting in millions of workers paying more as salaries increase in line with inflation.
i Front Page 18th of October 2024
Labour ministers in the UK are expressing concerns over proposed public service budget cuts, accusing Downing Street of complacency, and highlighting the potential impact on government services.