7 Articles
7 Articles
UK Treasury Chief Hints at Tax Hikes Amid Economic Uncertainty
In the face of economic headwinds, Treasury Chief Secretary Darren Jones has left the door open for further tax hikes in the upcoming autumn budget, sparking a mix of caution and optimism among investors. While the UK economy contracted by 0.3% in April, marking its worst performance in a year and a half, it’s crucial to maintain perspective. The previous quarter saw the UK as the fastest-growing… Source
'You'll have to wait and see': Reeves' deputy can't rule out autumn tax rises
Treasury chief secretary Darren Jones refused to rule out further tax hikes in the autumn budget on Sunday. Asked on GB News whether he would rule out tax rises later this year, Jones said “that will be subject to the OBR forecasts… it’s right that we take these types of decision in an orderly way.” “You’re going to have to wait.” It comes after the UK economy suffered its worst contraction for a year and a half in April, shrinking 0.3 per cent.…
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