Rachel Reeves urged to raise taxes on companies profiting from Iran war

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

Iran war profits should help with the cost of living, says UK civil society

Leading UK civil society organisations have called on the Chancellor to increase levies on corporate profits to help address the cost of living crisis. This follows predictions that numerous sectors will make huge profits from the economic fallout of the US-Israeli war on Iran. War with Iran set to increase household bills In a joint letter to Keir Starmer and Rachel Reeves, 40 organisations are urging the government to take action and curb prof…