Finance News – Tax Rises
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Dishoom warns that Brits’ low incomes pose risk for hospitality
The combination of limited consumer spending power and recent tax increases could negatively impact the revenue and growth prospects of businesses within the UK’s hospitality indus...
Read Full Article →UK households prioritise saving more than at any point since 2008 crash, survey finds
Amid rising inflation and anticipated tax increases this autumn, many UK families are increasingly focusing on building their savings to secure their financial stability.
Read Full Article →UK sees ‘small burst’ in hiring in sign of growth
The recent increase in job vacancies indicates modest economic expansion in the UK, although overall demand is still lower than last year, partly due to higher taxes affecting busi...
Read Full Article →Starmer and Reeves promised honesty about public finances. Can they stay the course?
Labour faces a challenging balance between reducing national debt and addressing declining public support amid stagnant economic growth and the potential need for increased taxatio...
Read Full Article →Rachel Reeves to try to reassure City investors after unexpected UK GDP fall
Rachel Reeves aims to restore investor confidence by highlighting potential growth opportunities despite recent economic contraction and concerns over public finances ahead of the...
Read Full Article →Fall in UK GDP puts focus back on expectations of tax rises in autumn budget
The recent contraction in the UK economy increases concerns about future revenue shortfalls, potentially leading to higher taxes in the upcoming autumn fiscal plan to address budge...
Read Full Article →Brits back spending cuts over tax rises
Recent surveys indicate that the majority of British voters favor reducing government expenditures rather than increasing taxes, highlighting a potential challenge for the current...
Read Full Article →Reeves warns ministers tax rises are coming after loss of ‘low hanging fruit’
Chancellor Rachel Reeves indicated that increasing revenue through higher taxes may be necessary due to limited alternatives following policy reversals impacting government funding...
Read Full Article →Battersea power station lights the way for regenerating our high streets
Investment in mixed-use projects similar to Battersea Power Station, supported by private funding, has the potential to revitalize struggling commercial areas affected by recent ta...
Read Full Article →Welfare bill climbdown will have ‘a cost’ at budget, says senior minister
The government’s reversal on proposed welfare reforms is expected to impact fiscal planning, with analysts suggesting this shift could increase the probability of tax adjustments i...
Read Full Article →Food prices pushed up by hot weather hitting harvest yields, say UK retailers
The recent increase in temperatures has led to lower crop yields, causing fruit and vegetable costs to rise and significantly influencing the overall growth in food price inflation...
Read Full Article →Keir Starmer admits government has ‘asked a lot’ of business, and defends employment rights bill – b...
The government recognizes the considerable demands placed on businesses amid recent fiscal policies and emphasizes its commitment to economic stability and future-focused investmen...
Read Full Article →‘You’ll have to wait and see’: Reeves’ deputy can’t rule out autumn tax rises
The Treasury chief secretary indicated that future fiscal decisions, including potential tax increases in the autumn, will depend on upcoming economic forecasts and will be careful...
Read Full Article →Demob-happy IFS director tears into Rachel Reeves’s spending review
The outgoing IFS director’s critical assessment suggests that the spending review may barely avoid tax increases, highlighting potential challenges in achieving fiscal targets with...
Read Full Article →UK economy shrank sharply in April as Trump tariffs and tax rises kicked in
In April, the United Kingdom experienced a notable economic contraction influenced by increased international trade barriers and higher domestic taxation, according to recently rel...
Read Full Article →Starmer’s defence spending will mean ‘chunky’ tax rises, warns IFS
Increasing the budget for national defense by £10-15 billion annually is expected to lead to substantial tax increases, as higher expenditures also coincide with growing costs in h...
Read Full Article →Boost for Rachel Reeves as UK economy booms in first quarter
The UK experienced a notable increase in economic output during the first quarter, indicating enhanced business activity likely influenced by anticipated tax changes and internatio...
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