Category: 25bn
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Restaurants brace for Reeves’s £25bn tax raid as hospitality job cuts loom
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The hospitality and retail sectors in Britain are preparing to raise the tax on the horizon in April on national insurance contributions to employers (NIC), as well as a sharp rise in the minimum wage, both of which warn industry leaders of job losses and further price increases. Dominic Chapman,…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…