US Edition
All the taxes Rachel Reeves could raise - and which are most likely
UNITED KINGDOM, JUL 20 – Chancellor Rachel Reeves considers smaller tax increases including on alcohol, tobacco, flights, and pensions to address a multi-billion-pound shortfall, while avoiding major tax hikes, sources say.
- The UK Chancellor, Rachel Reeves, faces a significant Autumn Budget shortfall, risking breaking manifesto promises due to weaker growth forecasts and a multi-billion-pound funding gap.
- Amid global turbulence, growth data shows the Office for Budget Responsibility is set to downgrade future estimates, affecting revenue projections.
- Raising the rate of capital gains tax to match income tax rates, including a proposal to align profits from investments with higher-rate taxpayers, could raise significant revenue.
- Allowing NICs to rise would avoid other revenue measures, but spark an almighty political backlash, Labour MPs warned, risking significant opposition.
- With the temporary cut expiring, fuel duty is set to increase by at least 6p next year, and extending the threshold freeze until 2030 could raise up to £7 billion.
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Spectator UKReposted by 
Spectator Australia
Spectator AustraliaCan Rachel Reeves be trusted not to bring in a wealth tax?
Rachel Reeves will almost certainly have to break her election pledge not to raise any of the three main taxes.
·London, United Kingdom
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Chancellor’s Tax Raid Spells Last Orders For Rural Pubs
Thousands of struggling village pubs could be forced to close next year because of a punishing tax raid by Labour. Bosses have warned that the Government must intervene to stop smaller taverns, which are vital to rural communities, from being (more…) The post Chancellor’s Tax Raid Spells Last Orders For Rural Pubs appeared first on KamCity.
Coverage Details
Total News Sources11
Leaning Left0Leaning Right4Center1Last UpdatedBias Distribution80% Right
Bias Distribution
- 80% of the sources lean Right
80% Right
C 20%
R 80%
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