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9 policies set for Budget on benefits, pensions, salaries and EVs

  • Bias Rating
  • Reliability

    15% ReliableLimited

  • Policy Leaning

    44% Medium Right

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

14% Positive

  •   Liberal
  •   Conservative
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Bias Meter

Contributing sentiments towards policy:

52% : Instead, she may now opt for extending the existing freeze on the income tax thresholds which, if she also kept national insurance thresholds at their current rate, would raise around £8.3 billion a year for the Exchequer in 2029/30.
51% : The move would reportedly revalue some of the most valuable properties across council tax bands F, G and H and hit 100,000 of them with a new surcharge, with the threshold starting at £2 million. - Salary sacrifice: The Chancellor might introduce limits on how much employees can stash in their pensions under salary sacrifice schemes before it becomes subject to national insurance.
49% : Reports suggest she could cap this at £2,000 a year, which would reduce how much people put away in their pension pots and put a dent in take-home pay for those who use the scheme to stay in a lower tax band. - Two-child benefit cap: As pressure has piled up, Ms Reeves is expected to scrap the limit that restricts child tax credit and universal credit to the first two children in most households.
45% : By not increasing the thresholds she will benefit from a process called "fiscal drag", where as wages go up people are dragged into paying tax for the first time or shifted into a higher rate. - Rail fares: They will be frozen in the Budget, saving commuters on pricier routes more than £300 a year.
44% : More info Rachel Reeves will deliver her Budget on Wednesday after a whirlwind of speculation about which taxes she will hike to help balance the books.Here we look at some of the measures the Chancellor might announce as she seeks to fill a black hole in the public finances and build up a bigger buffer so she does not have to keep coming back for more taxpayers' cash. - Income tax: After a press conference and behind-the-scenes briefings aimed at preparing the country for a manifesto-busting increase in income tax, Ms Reeves then abandoned the idea of becoming the first Chancellor in half a century to take that step.
36% : It is one of a series of measures aimed at easing the cost of living despite the increased tax burden many people and businesses are likely to face. - Prescriptions: The cost of an NHS prescription in England will be frozen at £9.90. - Tax for electric vehicles: The Chancellor is thought to be considering a 3p per mile tax for EVs as she seeks to protect revenues as people shift away from petrol and diesel - and the fuel duty that brings in to the Exchequer. - EV buyer subsidy: She will add £1.3 billion to a grant that knocks up to £3,750 off the price of an electric vehicle as part of a package that will also see £200 million go towards the rollout of charging points. - Tax hike on high-value homes: A new levy could be applied to some of the most valuable homes in what has been billed by some as a "mansion tax".

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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