Chancellor creates eight low-tax freeports in Brexit boost

6 days, 18 hours ago

Revealed: Brexit has reduced UK exports by £27bn, new report claims

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Brexit Exports Report Cent Sign Firms Tca

3 weeks ago

New car buyers stung an extra £417 on average for road tax next year when Labour's vehicle excise duty hikes arrive

Daily Mail

Buyers of new petrol and diesel cars are set to feel the brunt of the Chancellor's widespread tax raid from next year. A new report has estimated that the result of the Chancellor's decision to DOUBLE Vehicle Excise Duty rates from 1 April will increase in taxation on new cars by an extra £417 on average The Chancellor said the …

Cars Budget Car Vehicles Road Vehicle Electric

1 month ago

Amid unpopularity & poor polls, Trudeau announces tax break, freebies

Firstpost

In a desperate move to counter unpopularity amid rising cost-of-living crisis, Canadian Prime Minister Justin Trudeau has announced a temporary tax break and freebies In a desperate bid to appease voters amid deep unpopularity ahead of elections, Canadian Prime Minister Justin Trudeau has announced tax cuts and freebies. Amid such a crisis, Trudeau has announced he would remove goods and …

Canada Tax Trudeau Gst Canadian Canadians

1 month, 3 weeks ago

I've left the country... I can't grow my business... raising capital gains tax makes me angry... this Budget makes me feel sick: Real Britons react to Labour's tax bombshell

Daily Mail

Brits today revealed the real-life impacts of Labour's £40billion tax bombshell with entrepreneurs, families and publicans counting their losses.but there was at least good news for drivers and low-paid workers who breathed a sigh of relief. PUB OWNER: 'The death of The Great British Pub' Name: Simon Delaney Age: 59 Lives : Manchester Job: Pub landlord Simon Delaney, who has …

Business Family London Tax Labour South Africa Money

1 month, 3 weeks ago

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The party’s gloomy messaging has set the stage for a …

Labour Treasury Spending Likely Email Spending Cuts Cuts

1 month, 3 weeks ago

Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise

Daily Mail

VAT on private school fees and non-dom crackdown - likelihood 10/10 The Labour manifesto committed to scrapping non-dom status, adding VAT to private school fees and increasing stamp duty on buyers from abroad. Employer national insurance - 9/10 Rachel Reeves looks almost certain to increase employer NICs, despite claims it is a 'straightforward breach' of the Labour manifesto. Capital gains …

Tax Labour Pension Rate Reeves Set Isa

1 month, 3 weeks ago

Reeves will not announce new freeports despite earlier claims

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Under Labour’s plan, a further five sites are expected to be granted customs status, …

Free Freeports New Freeports

2 months ago

A third of UK businesses want Starmer to cut Brexit red tape

The Independent

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Europe Brexit British Red Businesses Starmer Santander

2 months, 1 week ago

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package

Daily Mail

Businesses, motorists and pension savers are braced for pain today amid fears Rachel Reeves could deliver one of the biggest ever tax-raising Budgets in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion …

Tax Reeves Rachel Reeves Ms Reeves Pension Savers Rishi Sunak Spring Budget

2 months, 1 week ago

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai

Daily Mail

Rachel Reeves could hammer Brits with one of the biggest tax-raising Budgets ever in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion black hole' in the UK's finances will be enough only …

Spring Tax Budget Reeves Rachel Reeves Ms Reeves Rishi Sunak

2 months, 1 week ago

The proof Reeves will be unable to squeeze the rich

The Telegraph

Rachel Reeves’s tax raids are already unravelling. The problem is that these shoulders already bear a significant load, and Treasury officials, who have become increasingly concerned that Labour’s raids will raise little money, are starting to realise that they have options. New figures show that high-earning Britons are already paying more tax on their income for every extra £1 they …

Tax

2 months, 1 week ago

Rachel Reeves urged to raise capital gains tax to 39pc by Labour think tank

The Telegraph

Rachel Reeves should raise capital gains tax to as much as 39pc at her maiden Budget later this month, a Left-leaning think tank has said. A wholesale reform of CGT, including cracking down on reliefs to stop investors avoiding higher tax rates, could raise in the region of £9.5bn per year, according to economists at the think tank. This would …

Tax Capital Gains Tax Cgt

3 months, 1 week ago

Why Britain is standing aside as the West battles cheap Chinese electric cars

The Telegraph

Within weeks, nearly all of Britain’s closest allies will have hit Chinese electric vehicles with crippling trade tariffs. The decision has prompted warnings that the UK has made itself a prime target for “dumping” by manufacturers, as cut-throat competition at home drives Chinese brands to seek more profitable sales abroad. According to Whitehall and industry sources, the answer boils down …

China Electric Vehicles West Britain Chinese Electric Chinese Electric Vehicles Battles Cheap

3 months, 2 weeks ago

Union leader gets behind Starmer’s Brexit deal in bid save the UK’s car industry

The Independent

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Brexit European Email Keir Nowak Tuc Paul Nowak

3 months, 3 weeks ago

Top earners and entrepreneurs already fleeing Britain over tax raids

The Telegraph

Wealthy individuals and entrepreneurs are already fleeing Britain as fears grow over a raft of tax rises in Rachel Reeves’s first Budget. It comes after Sir Keir Starmer warned last week that those with the “broadest shoulders” would carry the burden of fixing Britain’s ailing public finances. Ceri Vokes, a partner at law firm Withers Worldwide, who works with entrepreneurs …

Britain

3 months, 3 weeks ago

Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p

Daily Mail

Sir Keir Starmer and Rachel Reeves could impose a series of tax hikes on Britons over the coming months from inheritance to pensions and capital gains to savings. Here, MailOnline looks at five taxes the Government could raise in the Budget: CAPITAL GAINS TAX Capital gains tax is charged on the profit made from financial assets such as shares or …

Tax Labour Budget Duty Inheritance Fuel Capital Gains Tax

4 months, 2 weeks ago

Ed Miliband’s tax crackdown ‘will destroy North Sea oil’

The Telegraph

Ed Miliband’s North Sea tax crackdown risks destroying the UK’s oil and gas industry and making Britain even more dependent on imports, a leading operator has warned. EnQuest, which operates some of the UK’s most strategically important offshore assets, hit out at a decision to add three percentage points to the taxes imposed on oil and gas profits and strip …

Tax Oil Sea North Sea Gas Industry Enquest Destroy North

5 months, 2 weeks ago

Labour must consider ‘pay-per-mile road tax’

The Telegraph

The pay-per-mile suggestion is by no means new and comes after the Left-leaning Resolution Foundation and Sir Tony Blair’s think tank, both of which have links with Labour under Sir Keir Starmer, have also advocated for road pricing. Last year, the Resolution Foundation called for a road tax of 6p-per-mile on electric vehicles, which it said would help meet the …

Tax Cars Labour Drivers Road Electric Civil Servants

5 months, 2 weeks ago

New UK government faces tough economic challenge

Hindustan Times

Britain's new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered by strained state finances following huge Covid expenditures. New UK government faces tough economic challenge The centre-left Labour administration led by Prime Minister Keir Starmer has promised investment in key areas such …

Change Labour Economic Britain Starmer

5 months, 3 weeks ago

Super-rich ‘already fleeing Britain ahead of Starmer’s crackdown’

The Telegraph

The super-rich are already fleeing Britain amid fears Sir Keir Starmer will introduce a series of wealth tax rises if he becomes prime minister this week, a leading City lawyer has warned. Ayesha Vardag, whose firm represents the wealthy in high-profile divorce battles, said she has already seen a “flood” of clients quit the UK in anticipation of Labour’s expected …

Tax Labour Increasing

5 months, 3 weeks ago

‘Sneaky Sauvignon surcharge’: Next prime minister urged to dump Sunak’s post-Brexit wine tax

The Independent

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Wine Tax Independent Changes Brexit Email Sauvignon

5 months, 3 weeks ago

Sunak: Brexit in peril under Labour

The Telegraph

Rishi Sunak is in a rush. “Keir Starmer is now openly talking about sitting down with the EU to thrash out some cosy deal – which is just going to mean we’re going to have to accept more migrants, because we all know that is the price of any deal that the EU would do. He’s not being straight with …

Brexit Labour

6 months ago

Starmer-backed group of Labour MPs proposed six tax rises worth £60bn

The Telegraph

A dossier drawn up by Labour MPs proposed six new tax rises to raise £60 billion. The proposals from the party’s Tribune group – of which Sir Keir Starmer is a member – set out increases to inheritance tax, capital gains taxes and a new “jackpot” levy on the super-rich. The document, seen by the Daily Mail, was submitted as …

Tax Labour Mps Proposed

6 months ago

Labour's secret tax rise plans revealed

Daily Mail

Labour was under pressure to ‘come clean’ last night after a bombshell dossier laid out dramatic tax rise plans. Senior Tories said the dossier undermined the Labour leader’s claim that he has ‘no plans’ for further tax rises if he wins next month’s election. The Mail can reveal that a group of Labour MPs, including Sir Keir Starmer have put …

Billion Group Plans Keir Starmer Working Keir Sir Keir

6 months, 1 week ago

Labour capital gains tax rise speculation grows as top aide likes post

The Telegraph

Laura Trott, the Chief Secretary to the Treasury, said: “Labour think they can hide these secret tax rises until after the election, but we won’t let them get away with it. “Keir Starmer should come clean with the British people.” Labour has repeatedly insisted that it has no plans to raise taxes beyond the targeted raids it has already announced …

Tax Council Tax Spending Plans Labour Capital

6 months, 2 weeks ago

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears

Associated Press

LONDON — Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the U.K.'s election, pledging to cut taxes and reduce immigration if his Conservative Party is reelected on July 4. With the Conservatives trailing the left-of-center Labour Party in opinion polls, Sunak acknowledged that “people are frustrated with our party …

Tax Labour Campaign Conservative British Party Rwanda

6 months, 2 weeks ago

Which taxes could rise if Labour wins the general election?

The Independent

The Conservatives claim that Labour is considering 10 separate tax increases if it wins the general election, after challenging Keir Starmer’s party to rule out a series of rises. Although Labour dismissed as a “lie” Rishi Sunak’s claim that Labour would impose a £2,000 tax hike on working households over four years, the Tories are continuing to mine the tax …

Labour Taxes Reeves Tory Tories Hunt Raise

6 months, 2 weeks ago

Sunak, Starmer trade barbs in UK election debate

China Daily

By JONATHAN POWELL in London | China Daily Global | Updated: 2024-06-06 09:12 Conservative Party leader and Prime Minister Rishi Sunak, host Julie Etchingham and Labour Party leader Keir Starmer pose together as ITV hosts the first head-to-head debate of the General Election, in Manchester, Britain, June 4, 2024 in this handout image. In the first head-to-head debate ahead of …

Tax Labour Treasury Starmer Party Leader Conservatives Sunak

6 months, 2 weeks ago

Rishi Sunak’s tax bombshell has blown up in his face

The Independent

After last night’s TV debate, relieved Conservatives claimed Rishi Sunak had detonated another “Labour tax bombshell” with his repeated claim that the party’s £38.5bn of unfunded spending commitments would cost every working household £2,000. Sunak’s tax attack captured today’s front-page headlines and it might plant some seeds of doubt about Labour among the wavering Tory voters Starmer wants to win. …

Tax Labour Treasury Cent Starmer Claim Tory

6 months, 3 weeks ago

UK businesses urge Labour to scrap the 'tourist tax' to turbo-charge the economy

Daily Mail

Leading businesses are calling on Shadow Chancellor Rachel Reeves to axe the hated 'tourist tax' if Labour wins the election. Bosses of firms including Mulberry, Marks & Spencer, Kurt Geiger and Selfridges have said reinstating tax-free shopping could turbo-charge the economy. Hotelier Sir Rocco Forte, who spearheaded a protest backed by more than 500 bosses, said keeping it would make …

Economy Labour Reeves Tourist Tax

6 months, 3 weeks ago

We want Virgin Atlantic back, says Gatwick boss

The Telegraph

Rishi Sunak’s tourist tax has left Gatwick at a “competitive disadvantage” to its rivals abroad, the airport’s chief executive has said. Stewart Wingate, who has been at the helm of Britain’s second-largest airport since 2009, said the removal of tax-free shopping has hampered Gatwick’s ability to attract wealthy passengers and long-haul airlines from overseas. He told The Telegraph that the …

Gatwick

6 months, 3 weeks ago

What is Great British Energy? Labour’s flagship policy explained

The Telegraph

How will it be paid for? But the Conservatives have pointed to analysis from investment bank Stifel which found Labour’s windfall tax would only bring in £6.5bn of additional tax by 2030. The Conservatives have said Labour’s green energy plans are an uncosted “vanity project” from Ed Miliband, the shadow energy secretary, that will lead to tax rises. They also …

Tax Labour

6 months, 3 weeks ago

Shadow Chancellor denies Labour would raise VAT as parties trade blows on tax ahead of the election

Daily Mail

Rachel Reeves was forced to deny Labour would raise VAT yesterday as both parties traded blows on tax and spending. Chancellor Jeremy Hunt will today claim that although the Opposition has ruled out increasing income tax and National Insurance, they have not dismissed raising VAT, the tax on goods and services, which is 20 per cent at present. Chancellor Jeremy …

Tax Labour National Insurance Vat Increasing Income Tax

7 months ago

Lack of money for tax cuts persuades Rishi Sunak to call general election

The Telegraph

Mr Sunak’s announcement of an uplift in defence spending to 2.5 per cent of GDP further squeezed the amount of money left for an autumn budget, and there were fears that economic variables, such as inflation and growth, could go against the Government. Mr Sunak knew that an underwhelming pre-election budget would have done more damage than going to the …

8 months, 2 weeks ago

Labour plans tax avoidance crackdown to fill ‘non-dom’ gap

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It will also raise £2.6 billion over the next …

Tax Labour Pay Billion Plans Britain Parliament

8 months, 4 weeks ago

British energy production plunges to record low

The Telegraph

Ross Dornan, author of the report, warned that plummeting oil and gas output was directly linked to the Government’s decision to impose windfall taxes on offshore operators’ profits – prompting many to cut new investments. “Oil and gas investments have become a lot less profitable and competitive as commodity prices have fallen but not project costs and tax rates.” The …

Energy Oil Labour Gas Windfall Tax

9 months ago

Tax relief extended at green freeports

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The extension until 2034 will apply to Inverness and …

Tax Investment Scotland Green Tax Relief Scottish Freeport

9 months, 2 weeks ago

M&S leads calls from UK firms to scrap the tourist tax at this week's budget

Daily Mail

Business leaders are making a last-ditch bid to persuade Jeremy Hunt to scrap the tourist tax in his Budget this week. Warning that government policy means running a business in the UK ‘is like running up a downwards escalator with a rucksack on your back’, M&S chief executive Stuart Machin said the tourist tax ‘must be reversed’. We must do …

Business London Tax Paris Tourist Tourists Vat

9 months, 2 weeks ago

Scrap the tourist tax to boost retail and hospitality, says ALEX BRUMMER

Daily Mail

By now we should all have had our fill of possible tax changes to be outlined in tomorrow’s Spring Budget. After the latest series of forecasts from the Office for Budget Responsibility, Jeremy Hunt is scrambling to find the least offensive revenue raising measures and public spending savings to deliver without breaching fiscal rules. Budget challenge: Jeremy Hunt is scrambling …

Tax Machin

9 months, 2 weeks ago

Sunak insists economy ‘on the right track’ ahead of Budget

The Independent

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Brexit

9 months, 3 weeks ago

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery The chancellor is considering introducing a levy on vapes But the …

Spending Billion Plans Cut Westminster Email View Hunt

11 months, 2 weeks ago

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as Labour accused Mr Sunak of offering voters a “raw deal”, claiming the …

Tax Labour Party Cut Westminster Email View Tory

1 year ago

Rishi Sunak is in denial – proof that Brexit has failed mounts by the day

The Independent

Bad news, when expected, is often managed by trying to pretend it does not exist. We were assured that a buccaneering and independent UK would thrive on new free trade deals that carried none of the regulatory baggage of the EU single market. Obstacles to trade with our closest neighbours have imposed red tape and costs that have hit many …

Trade Brexit Economic Cent

1 year, 1 month ago

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live

The Independent

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Email Westminster Email View Tax Cuts

1 year, 1 month ago

JASON GROVES: The election starts with Jeremy Hunt's Autumn Statement, but the Tories will need to go much further to win

Daily Mail

Jeremy Hunt set the scene for the Tories' election campaign with a mini-Budget designed to show that the party is ready to return to its tax-cutting traditions. Pictured: Rishi Sunak and Jeremy Hunt yesterday Mr Sunak is painfully aware that the Conservatives face an uphill task to persuade voters that they can be trusted again to cut tax Both men …

Tax Budget Cut Tories Inheritance Tax Pictured Jeremy

1 year, 1 month ago

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt’s tax giveaway is based on “implausible” plans to …

Johnson Public Hunt Tax Cuts Mr Hunt Ippr Cuts Tax

1 year, 1 month ago

Tories hail Chancellor's tax-cutting Autumn Statement after he gives Brits a £450 boost by slashing 2p off national insurance and hands firms £10bn perk - but watchdog warns the burden will STILL hit

Daily Mail

Tories hailed Jeremy Hunt's tax-cutting Autumn Statement tonight after he handed around 30million Brits a national insurance boost. 'It's time to get Sid investing again,' said Mr Hunt; The OBR forecasts that inflation will fall to 2.8 per cent next year, and only reach the Bank of England's 2 per cent target by 2025; The economy is predicted to grow …

Government London Labour Tesla Pension Income Tax British

1 year, 1 month ago

Jeremy Hunt takes an axe to taxes... but is it enough? Chancellor gives Brits a £450 boost by slashing 2p off national insurance and hands firms 'biggest-ever' £10bn tax break - only for watchdog to w

Daily Mail

Jeremy Hunt handed around 30million Brits a tax cut today as he gambled on driving economic growth to save the Tories. 'It's time to get Sid investing again,' said Mr Hunt; The OBR forecasts that inflation will fall to 2.8 per cent next year, and only reach the Bank of England's 2 per cent target by 2025; The economy is …

Business Government Salary London Insurance Labour Taxes

1 year, 1 month ago

Hunt's bold plan to 'get Britain growing': Chancellor heads for Parliament as he prepares to 'cut National Insurance payments for 28m Brits, hand businesses tax breaks and give OAPs an extra £18 a wee

Daily Mail

Jeremy Hunt headed for Parliament today as he vows to 'get Britain growing' by cutting taxes and cracking down on the workshy. Jeremy Hunt headed for Parliament today as he vows to 'get Britain growing' by cutting taxes and cracking down on the workshy Rishi Sunak and the Chancellor briefed Cabinet on the contents of the Statement today Mr Sunak …

Economy Tax Labour National British Statement Treasury

1 year, 1 month ago

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances

Associated Press

LONDON — Britain’s Conservative government sought to regain the political initiative Wednesday with a series of tax cuts for businesses and individuals that it hopes will bolster its chances in a national election next year that opinion polls suggest it will lose. Treasury chief Jeremy Hunt said the British economy “had turned a corner,” with inflation and government borrowing down, …

Economy Growth Tax Labour Economic Growth Election Conservative

Chancellor creates eight low-tax freeports in Brexit boost

History of this topic

Eight English ‘freeports’ to be created with controversial tax breaks

Rishi Sunak announces eight freeport locations with tax breaks for businesses

Chancellor ‘to set up 10 deregulated freeports’ in Brexit tax cut plans

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