TotalEnergies’ chief executive said that the French oil major would reduce its investment in the UK if the government increased the windfall tax. Patrick Pouyanne says the plans of the
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In the wake of Sir Keir Starmer’s keynote speech in Downing Street, wealthy households and businesses across the UK are preparing for potential tax increases as the government aims to
As Prime Minister Keir Starmer warns of “painful” decisions ahead for the UK’s public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While
The UK government’s borrowing figures for July have surpassed expectations, reaching £3.1 billion, which is more than double the amount recorded in the same period last year. This higher deficit
Income tax receipts soared to an impressive £32.7 billion in July, marking the highest figure for that month since records began in 2008, according to the latest official data. This
London has always been a favourite among the rich and famous because of its well-connected financial center, which also offers a great deal in terms of culture. The UK capital
The tax officials have been under pressure to release estimated figures about offshore taxes avoided, after they withheld the information from a report that was published during the campaign. Lucy
This year, the number of UK residents paying the highest rate of income tax will surpass £1 million for the first. The state’s finances are boosted by a freeze on
Official data shows that the number of people forced to pay income tax in Britain has risen by an estimated 4,4 million in just three years due to the government’s
The UK tax authority has launched a crackdown against businesses operating as limited liability partnership. This could result in hundreds of millions of pounds being owed by private equity firms
Rishi Sunak, the Conservative Party’s leader in the General Election campaign, will announce on Tuesday a £2.4bn (£2 billion) tax cut for retirees. The move is intended to bolster the
Jeremy Hunt’s plans to cut taxes before the election have been stymied after higher benefits spending and lower tax revenues pushed government borrowing over £20bn in July. The Office for
The IMF has warned Rishi Sunak to take more aggressive action to reduce the UK public debt. This puts into question the prime minister’s plans to cut national insurance. The