Autumn Budget 2024: Reeves increases taxes on private equity profit October 30, 2024 The Chancellor Rachel Reeves confirmed she would raise taxes on the profit made by private equity dealmakers today but stepped back from the full-scale raid feared by some corners of the industry. In her maiden Budget, Reeves said the government would lift the levy to 32 per cent from April next year, up from the [...]
UK may need £20bn tax hike to stop spending cuts, think tank says October 12, 2024 Britain’s new Labour government may need to increase taxes by £20bn in its first budget to avoid real-term cuts across public services, the Resolution Foundation said on Saturday. The think tank also said revising budget rules to use an alternative definition of public debt could allow finance minister Rachel Reeves to finance long-term investment while [...]
Government borrowing jumps as threat of tax hikes grows September 20, 2024 The figures come just over a month before Rachel Reeves delivers her first Budget as Chancellor.
Wetherspoons pubs to make huge price cuts in VAT protest September 5, 2024 Pub giant JD Wetherspoon will make a huge cut to its prices next week in a bid to highlight what it describes as the benefit of a permanent VAT reduction in the hospitality industry. The London-listed giant, which has sites across the country, will be reducing the price of its food and drink by 7.5 [...]
Election 2024: Which taxes will go up under Starmer’s Labour government? July 5, 2024 Tax and spend was one of the major points of contention during the election campaign. What will a Labour landslide mean for your taxes?