Latest in Budget Tax Rises
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Vapes to be taxed for first time as tobacco and wine duty rise
New levy on e-cigarettes, which have soared in popularity, will take effect in 2026World - Financial Times - 23 hours ago -
Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF
Rare intervention comes as Resolution Foundation says UK will remain ‘stagnation nation’ despite push to invest. ‘It has a political vision’: five viewpoints on budget Budget 2024: what it ...World - The Guardian - 7 hours ago -
Sweden abolishes tax on plastic bags despite warnings usage could rise
Levy that reduced usage by more than three-quarters in four years fell victim to rightwing culture wars, say critics. A tax that has reduced plastic bag consumption in Sweden by more than ...World - The Guardian - 5 hours ago -
Warning tax rises could force care homes to close
Social care providers say the sector is in "unprecedented danger" without more funding.Top stories - BBC News - 3 hours ago -
Autumn Budget: business fears big rise in national insurance
Tax experts warn of potential hit to retirement savings as companies race to calculate impact on costsWorld - Financial Times - October 14 -
UK to slash overseas aid in Budget as asylum seeker costs rise
International development organisations warn country’s contribution could slump to its lowest level in 17 yearsBusiness - Financial Times - October 22 -
Iran’s defence budget set to soar as regional tensions rise
Recommendation to parliament for substantial increase in military spending comes after recent exchange of fire with IsraelWorld - Financial Times - Yesterday -
U.K. borrowing costs rise in volatile trade after budget delivered
U.K. government bond yields were volatile on Wednesday as traders initially welcomed news that the government would prioritize tax rises ahead of increased borrowing as it strives to fill a fiscal ...Business - MarketWatch - Yesterday -
Britain faces warnings of a tech exodus over tax plans ahead of high-stakes budget
Technology bosses and investors warn the U.K. could face an exodus of entrepreneurs if the government hikes capital gains tax — a levy on investment profits.Business - CNBC - October 21 -
It’s hard to fill a budget black hole if you’ve ruled out raising income tax | William Keegan
Keir Starmer and Rachel Reeves were so desperate to win the election that they deprived themselves of the best tools for fixing their bleak ‘inheritance’. It saddens those of us who waited so long ...World - The Guardian - 4 days ago -
UK borrowing costs soar day after Labour government unveiled tax-raising budget
U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing.Business - CNBC - 1 hour ago -
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employeesWorld - ABC News - 2 hours ago