Healey Told Tax Rises for Fiscal Remedy Are ‘Not Required’

Healey told tax rises for fiscal remedy are ‘not required’

Chancellor John Healey does not have to raise taxes to offer the UK economy “immediate remedial action” at the Budget, a top City economist has said.  Panmure Liberum economist Simon French, who formerly worked at the Treasury, said the fiscal outlook for the government would be “broadly in the same position” as in the beginning of 2026.  In a note shared with traders, French said Healey remained “hemmed in” by commitments to Labour’s manifesto …

Tax alert: Millions face 62% HMRC rate trap before major John Healey Budget announcement

More than two million workers earning between £100,000 and £125,140 face an effective tax rate of 62 per cent, and the problem is set to worsen regardless of what Chancellor John Healey announces in his Autumn Budget on October 28.The punishing rate stems from existing HM Revenue and Customs (HMRC) rules rather than any new measures, as the gradual withdrawal of the personal allowance within that earnings band has remained unchanged since its in…