Source: US News & World Report
“British Treasury chief Rachel Reeves told lawmakers Wednesday that taxes will rise by 40 billion pounds ($52 billion) to plug a hole in the public finances and provide new funding for the U.K.’s cash-starved [sic] public services [sic], as she announced a budget that could set the economic tone for years to come. … The overall increase in taxes, which is the biggest for over three decades, comes in large part from an increase in the tax businesses pay for employing people.” (10/30/24)