Chancellor Rachel Reeves is considering a 2p rise in the basic rate of income tax, a move that would break Labour’s election manifesto pledge not to increase income tax, National
Taxman Can Now Take Funds Directly From Your Bank Account
HMRC Resumes Direct Bank Account Seizures to Recover Unpaid Taxes
Workers Face Biggest Job Cuts in a Decade as Reeves’s £25bn Tax Plan Looms
Workers are bracing for some of the steepest job losses in a decade as businesses prepare to shed staff ahead of Rachel Reeves’s planned £25bn tax hike.
Shoe Zone Shares Fall After Profit Cuts and Dividend Payment Uncertainty
Shoe Zone’s shares plunged on Wednesday following the retailer’s profit warning. The retailer slashed its profit outlook by 50% amid escalating taxes and tough trading conditions.
JD Sports CEO warns: ‘Tax increases are unsustainable’
Upcoming tax hikes will be “unmanageable” for UK businesses, warns JD Sports chairman, as the industry braces for rising costs following the recent Budget.
Shoppers “spooked” by Reeves’s Budget
According to industry data, retailers faced a “disappointing” October as shoppers prepared for potential tax hikes in Rachel Reeves’s Budget.
UK faces £60bn deficit due to overly optimistic projections
According to a Wall Street bank, the UK’s financial watchdog has been overly optimistic in its economic growth forecasts, resulting in a potential £60bn shortfall for the government.
Jeremy Hunt signals the end of National Insurance
In his Budget speech, Jeremy Hunt hinted at the possibility of a Conservative-led government eventually eliminating National Insurance.
What is the extent of financial resources available to Hunt for the budget?
Attention is focused on the upcoming Spring Budget this Wednesday. Jeremy Hunt aims to attract voters with tax reductions in anticipation of a general election later this year or early
UK markets experience a decline despite a rise in consumer confidence.
Despite a Gfk survey indicating improved optimism among British consumers regarding economic prospects in November, UK stocks witnessed a downturn.
Families to Incur an Additional £4,300 in Taxes Despite Hunt’s Financial Concessions
The Resolution Foundation has indicated that families may have to bear an additional tax burden of £4,300, despite Jeremy Hunt’s efforts to reduce National Insurance and offer other budget-related concessions.
The Furlough Titanic Hits The Rule Of Six Iceberg
It is now a couple of weeks since I wrote about the impending furlough crisis and the horrific consequences that lie in wait for unemployment, as well as the social