Category: raid
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Firms fear record cost surge ahead of Reeves tax raid
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A record number of British business leaders are preparing for unprecedented cost pressure over the next year, driven by tax increase, increased energy bills and increased wage requirements, according to a new survey conducted by the IOD Institute. The poll revealed that 89 % of the respondents expect their costs…
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CBI boss warns Reeves’s farm tax raid could hobble Britain’s economy
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Rachel Reeves Plan to reduce the relief of the inheritance tax for farmers risking growth and destabilizing the broader economy, according to Rain Newton-Smith, President of the British Industry Union (CBI). In his speech to the National Farmers Union (NFU) on Tuesday, Newton Smith criticized the advisor’s decision to reduce…
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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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Shops and restaurants brace for record employment tax surge after Reeves’s budget raid
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Retailers and hospitality businesses are seeing an unprecedented rise in employees’ tax bills this year, due to Chancellor Rachel Reeves’ decision to increase employers’ National Insurance contributions coupled with the minimum wage rising above inflation. New figures compiled by the Center for Policy Studies (CPS) show that the annual cost…
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Surrey runs out of state school places for private pupils as VAT raid bites
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Surrey County Council has admitted it does not have enough state school places to accommodate children transferring from private schools, after the government imposed a 20 per cent VAT on independent education. Projections obtained through a Freedom of Information request show that for admissions in September 2025, it is expected…
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Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’
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Wealthy individuals threatening to leave the UK to avoid expected tax rises should “stop”, according to Dale Vince, the green energy magnate and major donor to the Labor Party. Vince, who donated £5 million to the Labor Party, dismissed the idea that higher taxes could harm UK entrepreneurship, describing it…
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Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’
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Wealthy individuals threatening to leave the UK to avoid expected tax rises should “stop”, according to Dale Vince, the green energy magnate and major donor to the Labor Party. Vince, who donated £5 million to the Labor Party, dismissed the idea that higher taxes could harm UK entrepreneurship, describing it…
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Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
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Chancellor Rachel Reeves’s upcoming Budget threatens to push the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK Center for Policy Studies (CPS). The report warns that if Labor introduces a…
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Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
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Chancellor Rachel Reeves’s upcoming Budget threatens to push the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK Center for Policy Studies (CPS). The report warns that if Labor introduces a…
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Wealthy investors flock to start-ups for tax breaks amid looming capital gains tax raid
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Wealthy investors are increasingly turning to startups to ease their tax burdens, especially with a potential capital gains tax hike looming in the next Budget. Investment in SEISs rose 250% between July 4 and September 16 this year, according to Wealth Club, as savers hope to reduce their CGT liabilities…
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Reeves’ tax raid spells ‘game over’ for North Sea oil and gas
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The North Sea is approaching an “endgame zone” after Rachel Reeves pushed through a widening tax raid on oil and gas companies. On Monday, the chancellor delivered on Labour’s election pledge to impose tougher taxes on oil companies by increasing the Energy Profits Tax. Reeves announced that the tax, originally…
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Rich parastatals face cash squeeze in Treasury raid
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Cash-rich parastatals are bracing for tough times after the state moved to raid their coffers in a move that will also see them hand over their surplus cash to the Treasury rather than investing in government paper. President William Ruto’s administration is eyeing at least Sh708.43 billion held by parastatals…