· nearly 50,000 uk companies are on the verge of collapse, with the retail and hospitality sectors facing the most severe impact from rising wage costs. · uk chancellor of the exchequer rachel reeves is heading into a difficult autumn budget as economists make a common prediction: · reeves will hike stealth taxes and sin taxes in the budget, economists predict chancellor will have to raise taxes by about £20bn to cover weaker growth and policy u-turns, … · nearly 50,000 businesses in the uk are on the brink of collapse, as rising taxes and wage costs put huge pressure on firms. The uk economy is edging closer to stagflation amid the sharpest fall in business confidence in two years and entrenched anxieties about tax rises, a survey shows. Tax rises are in store. · rachel reeves will have no choice but to introduce sustained tax hikes to paper over a deepening black hole in britain’s finances, as her economic plans unravel, a think tank … · the slump came as firms battered by the chancellor’s £25billion national insurance tax raid and an increase in the minimum wage pushed up prices – hitting customers in the … Full-blown crisis will soon be upon us taxes can be ratcheted up only to a certain extent before revenues crash – we have reached that point Experts say the situation is now critical, with tax … Government is loathe to admit it, but economists say its highly likely that the treasury will have to hike taxes in the fall if it is to bung a black hole in the public finances … · all of this has led to a growing expectation that the uk chancellor rachel reeves will have to bring in some significant tax hikes later this year, or reduce government spending. · reeves has driven britain to the brink.
Uk Economy On The Brink The Tax Hike Trap
· nearly 50,000 uk companies are on the verge of collapse, with the retail and hospitality sectors facing the most severe impact from rising wage...
