Reported about 1 month ago
Chancellor Rachel Reeves plans a significant fiscal overhaul allowing the UK to borrow an additional £70 billion over five years, amidst discussions of potential tax hikes on investors. Reeves aims to change how debt is measured to enable increased public investment while ensuring that those with more wealth contribute fairly to the economy. The Labour government seeks to stimulate growth and improve public infrastructure without exacerbating existing economic disparities, but concerns persist that proposed tax changes may drive wealthy individuals out of the UK.
Source: YAHOO