Spring Budget 2024: Tax cuts are ‘bad economics and politics’ and voters prefer investment, Tony Blair Institute finds February 28, 2024 "Not only are tax cuts bad economic policy right now, our new polling suggests they may also be bad politics," Tom Smith, director of economic policy at the TBI said.
Lib Dems chase ‘blue wall’ voters by scrapping plan to raise income tax by 1p September 25, 2023 The Liberal Democrats have dropped their plans to raise income tax by 1p in a bid to woo Conservative voters in so-called blue wall seats during the cost of living crisis. Leader Sir Ed Davey told the BBC he ruled out tax rises even on the wealthiest as his party seeks to target former Tories [...]
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Loss of tax-free shopping costing the UK £4.1bn, say London bosses July 26, 2023 Scrapping the tourist tax could generate £4.1bn annually for the UK economy, new research suggests, as a cluster of prominent business owners call for the government to reinstate VAT shopping for international tourists. Rishi Sunak scrapped the tax which saw international shoppers able to claim 20 per cent back with their purchases. It was largely [...]
Zahawi, Patel and Rees-Mogg lead calls to abolish ‘morally wrong’ inheritance tax June 1, 2023 Senior Tory MPs including former chancellor Nadhim Zahawi are calling for inheritance tax to be abolished. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt face a call from more than 50 of his MPs to scrap the tax, according to The Telegraph. Writing in the newspaper, Mr Zahawi suggested scrapping the tax and said it [...]
Saudi-owned Champions League, obesity crisis and EU wealth tax: Danish bank’s ‘outrageous’ 2024 predictions December 5, 2023 Saxo Bank has published the latest in an annual series of "outrageous predictions" for next year, including a global Champions League owned by Saudi Arabia, a health crisis triggered by obesity drugs and a two per cent EU wealth tax.
We’ve maxed out our credit card of taxes but we still need more cash September 19, 2023 We can't raise taxes, but we need more money to fix our crumbling services.
IFS: Sunak’s pledged Income Tax cut smaller than his tax rises as chancellor August 1, 2022 Rishi Sunak’s newly unveiled promise to cut the basic rate of Income Tax from 20p to 16p by the end of the decade is smaller than the tax rises he made as chancellor, according to an influential economic think tank. The Institute for Fiscal Studies (IFS) today also said the tax plans of Sunak and [...]
Labour: Reeves pledges to beef up OBR so tax and spending plans get more scrutiny September 22, 2023 A new Labour government would strengthen the fiscal watchdog in order to "bring growth and stability back to Britain's economy", the party announced today.
Scrap the tourist tax hurting our hospitality businesses or lose out to Paris and Madrid May 30, 2023 Tourism is incredibly important for London, but to keep London important for tourism, we have to make it more attractive for foreign visitors to shop here, writes Chris Hayward.