#tax rises

[lesbiansandgayssupporttheminers]

Teachers and nurses to face tax rises whilst bankers get more money in their pockets.

How is that fair?

[thoughtlessarse]

As Britain's Chancellor tries to plug a €63 billion gap in the public finances, calls are growing among businesses for the UK to rejoin the

Britain's finance minister warned of "horrible decisions" in the run-up to today's (Thursday) budget "autumn statement" when he seeks to redress the country's dire financial straits.

Jeremy Hunt has admitted there will be spending cuts and that "we're all going to be paying a bit more tax" to offset an estimated fiscal hole of some £55 billion (€63 billion). 

The UK is not alone in having to confront the aftermath of the coronavirus pandemic, a supply crunch, soaring inflation and rising interest rates, not to mention Russia's war against Ukraine which has brought sky-high energy prices.

It did suffer the aggravating impact of Liz Truss' disastrous fiscal experiment. 

But many economists say Brexit has worsened the country's finances to a far greater extent and will continue to do so.

'Half of fiscal hole down to Brexit'

“Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit,” John Springford of the Centre for European Reform said on Twitter in October, in an exchange on the relationship of the UK's EU membership to its economic performance.

In a CER report in June, he commented on a £29 billion (€33.2 billion) package of tax rises announced earlier in the year by Rishi Sunak, then finance minister -- up " to their highest share of GDP since the 1960s", he said.

 "These tax rises would not have been needed if the UK had stayed in the EU (or in the single market and customs union)," Springford argued.

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[mid-day123]

New UK FM warns of tax rises

Hunt, who is dubbed as the most powerful man in the UK government as Truss battles to win back her credibility, also indicated that spending

[ensmagonline]

Budget 2017: PM pivots on national insurance tax rises

Prime Minister Theresa May has declined to put new tax hikes for National Insurance contributions before a parliament vote before Autumn. The prime minister insisted the rises were necessary and fair, but said Chancellor Philip Hammond would listen to concerns. The tax increases were announced by the Chancellor in Wednesday’s Budget. The changes state that the main rate The post Budget 2017: PM pivots on national insurance tax rises appeared first on Small Business.

http://smallbusiness.co.uk/budget-2017-pm-pivots-tax-rises-2537322/