Reported about 11 hours ago
Britain has fallen five places to 25th in a global personal tax competitiveness ranking after Rachel Reeves's £25bn tax raise on employers last year, according to the Centre for Policy Studies (CPS). The tax hikes, including National Insurance and capital gains tax, have prompted concerns that further increases could undermine investment and productivity growth. Economists warn that the current tax system is uncompetitive and anti-growth, necessitating a call for caution in future tax policies to avoid exacerbating economic issues.
Source: YAHOO