The UK government won't admit it, but tax rises are coming — and there are no good options | Metals Mine

  • The UK government won't admit it, but tax rises are coming — and there are no good options

    From cnbc.com

    The U.K. government is loathe to admit it, but economists say it’s highly likely that the Treasury will have to hike taxes in the fall if it is to bung a black hole in the public finances that it has effectively created for itself. The National Institute of Economic and Social Research (NIESR) is the latest economic think tank to warn that taxes would have to rise later this year if British Chancellor Rachel Reeves is to meet her self-imposed “fiscal rules.” These rules target both a balanced or budget surplus by the end of the decade — with the so-called “stability rule” requiring that day-to-day ... (full story)

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Trader#A306
Aug 8, 2025 4:57am
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Nicely done, Britain! Time to drain some fat from wealthy foreigners bringing their money to overheat London property market.
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Trader#2502
Aug 8, 2025 5:24am
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It will be more taxes on the elderly judging by labours past performance.
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