Finance News – Tax Hikes
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Tariffs already tacked billions on food and clothing costs. These items saw the biggest hikes
The recent tax increases on meat and footwear have contributed significantly to the overall rise in expenses for essential goods such as food and clothing during May and June.
Read Full Article →Government must ‘take its head out of the sand’ after jobs plunge
The recent decline in employment highlights increased financial pressures on small businesses, emphasizing the need for government attention to taxation and regulatory challenges a...
Read Full Article →Swatch: Rachel Reeves’ tax hikes could see profit fall further
Swatch has indicated that recent increases in employer-related tax obligations in the UK are likely to raise expenses and potentially reduce the company’s earnings in the region mo...
Read Full Article →Andrew Bailey calls for lower interest rates if job market stalls
Andrew Bailey indicated that significant reductions in interest rates may be necessary to support the economy if employment growth weakens due to recent fiscal policy changes affec...
Read Full Article →Rachel Reeves risks ‘serious damage’ with tax hikes, OBR member warns
A member of the Office for Budget Responsibility cautioned that increasing taxes amid weak economic performance could negatively impact financial stability and hinder recovery effo...
Read Full Article →Wealth and stealth: Starmer eyes fresh tax hikes
Keir Starmer is considering new forms of taxation as concerns grow over fiscal sustainability, following the watchdog’s warning about rising welfare expenses and their impact on go...
Read Full Article →Hiring confidence worst in 13 years as businesses brace for further tax hikes
Businesses are reducing recruitment efforts due to increased financial pressures from recent and anticipated tax increases, leading to cautious spending despite signs of economic i...
Read Full Article →State pension could face insolvency by 2036 despite tax hikes
New projections suggest that government welfare spending may exceed revenue from National Insurance within the next decade, potentially jeopardizing the long-term viability of the...
Read Full Article →Labour’s welfare U-turn spikes fears of tax hikes
The government’s reversal on welfare reforms is expected to reduce anticipated savings, potentially increasing fiscal pressures and raising concerns about the need for additional r...
Read Full Article →Labour welfare row will lead to tax hikes and higher interest rates
Ongoing political disagreements within the Labour government may limit monetary policy flexibility, potentially resulting in increased borrowing costs and additional tax pressures...
Read Full Article →Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed'
Zohran Mamdani’s potential win in the NYC mayoral primary raises concerns on Wall Street due to anticipated increased taxes and stricter regulations that could negatively impact bu...
Read Full Article →Speedy Hire swings to loss amid depot closures
The company experienced a significant decline in profitability, reporting a pre-tax loss of £1.5 million for the year ending March 2025, impacted by economic challenges and increas...
Read Full Article →Tax hikes dragging investment to worst level since pandemic, CBI says
Recent increases in employment-related taxes have led businesses to reduce their investment activities significantly, resulting in the lowest commitment to spending on assets in ha...
Read Full Article →Reeves’ tax hikes force Timothy Taylor to raise price of a pint
Increased government taxes and reduced business support have led Timothy Taylor to raise product prices due to rising operational costs and a challenging economic and regulatory la...
Read Full Article →UK unemployment rises to highest in four years
The recent increase in joblessness and decline in payroll employment reflect economic challenges linked to recent fiscal policy changes affecting businesses during the early months...
Read Full Article →‘A tax burden without precedent in the 21st Century’: Pub chain McMullen’s blasts government tax hik...
McMullen’s, a major UK pub operator, warns that recent increases in government taxation could reduce consumer spending and investment, significantly impacting profitability within...
Read Full Article →Deutsche Bank: £10bn of tax hikes coming in Autumn Budget
The upcoming Autumn Budget is anticipated to include substantial tax increases to address reduced fiscal flexibility caused by higher inflation and growing public expenditures.
Read Full Article →Travelodge in the red amid Reeves’ £21m tax hikes
Travelodge experienced a financial downturn in the initial quarter of its fiscal year, largely impacted by increased tax obligations and higher National Living Wage costs announced...
Read Full Article →London defies ‘Awful April’ slump with more job postings
Despite broader economic challenges, London experienced an increase in employment opportunities, indicating resilience in its labor market and potentially supporting continued fina...
Read Full Article →Rachel Reeves’ tax hikes to cost Timpson £12m extra a year
The recent adjustments to employer National Insurance and minimum wage rates are expected to increase operational expenses for Timpson’s company by approximately £12 million annual...
Read Full Article →Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions
Gresham’s School, a prominent UK private institution, anticipates significant financial strain due to recent tax increases, prompting plans to implement measures aimed at managing...
Read Full Article →Next warns impact of tax hikes could hit sales
Despite stronger-than-anticipated revenue growth earlier in the year, Next indicated that increased taxation may reduce consumer spending power, potentially leading to slower sales...
Read Full Article →Terry Smith: Reeves must drop tax hikes to attract UK investment
Prominent investor Terry Smith emphasized that reducing planned fiscal increases could enhance the UK’s appeal to investors, potentially stimulating growth and improving the overal...
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