I have been quite critical of Rachel Reeves and her Treasury team. Refusing to listen to astonishing industry consensus on APR/BPR and imposing ideological changes that don’t raise tax. After the 2024 Budget she promised she wouldn’t raise taxes again. As we face another

We shall remember them

By setting the Budget so late in the year then flying enough kites about possible tax rises to blot out the sun Rachael Reeves has presided over the most chaotic and debilitating run up to a Budget in memory. As a result people have stopped spending, business has stopped

Good grief ! Desperate!

Oh right ! 🤥

Incompetence beyond belief. Never happened before in my tax career

Chancellor: From 2027, will reform ISA system. £12,000 limit per year for cash ISAs, though over 65s will retain the full £20,000 allowance for cash

Chancellor: Personal income tax and national insurance thresholds held at current levels until 2030/31

"I will maintain all income tax and national insurance thresholds for a further three years from 2028". Translation. Fiscal drag remains. Its a stealth tax. Freezing thresholds while average earnings rise mean people pay a bigger proportion of their income in tax. #Budget2026

Chancellor: increase rates of tax on property and savings income by 2% (so will be 22%, 42% and 47%)

Chancellor: from 2028, I am introducing high value council tax surcharge of £2,500 for properties worth more than £2 million and £7,500 for properties worth more than £5 million

Chancellor Rachel Reeves announces the introduction of the High Value Council Tax surcharge on properties worth over £2M

So she’s gone for investors, wealth creators and landlords Good luck with that Rachel 🤡

Over the next five years, the OBR is forecasting that welfare spending will rise by £73.2bn to £406.2bn.

“Unexpectedly” ? Can’t imagine who was expecting it to rise

Possible conversation in accountancy firm…. How can we get rid of this hopeless client - let’s quadruple the fee for his personal tax return. Damn he’s agreed to it

On this sad day, 9 January, in 1799, Britain’s first income tax, the Duties on Income Act, became law. It was intended as a temporary measure, “to raise an ample contribution for the prosecution of the war” against Napoleon. Suspended for a year in 1802 it ran until the war

HMRC's Making Tax Digital scheme, which will force the self-employed to file tax returns at least 5 times a year, was sold to taxpayers based on lies. Chancellor George Osborne promised the scheme would result in the annual tax return being abolished. He said in 2015: “12

Rachel Reeves under fire as one million more pensioners face tax hit 'buried in small print' gbnews.com/money/rachel-r…

The scale of tax rises over the course of this Parliament is staggering The combination of the rise in employers' NI & the freezing of income tax thresholds will see taxes rise to 38% This is the culmination of huge tax rises under both the Tories and Labour The OBR now asking