Taxes

UK Budget 2024

Labour’s first budget: Redistribution away from the rich after over a decade of Conservative rule

— Labour’s first budget prioritises redistribution and public sector investment over austerity, targeting higher taxes for the wealthy to fund increased spending on the NHS, education, and community care.

UK Politics

Did Starmer have to be so miserable? The doom and gloom may be more political than economic

— Keir Starmer has warned the UK will endure short-term pain before recovery, blaming Conservative mismanagement. Labour faces tough decisions on spending cuts and tax reforms to address public sector needs and a significant funding gap, with political consequences looming.

UK Politics

Jeremy Hunt’s budget: The problem for Labour explained

— Jeremy Hunt’s pre-election budget prioritises short-term political gains, aiming to appease voters with key measures. However, this strategy delays crucial investment, sparking concerns about potential public service cuts. The budget also contains multiple traps for Keir Starmer and Rachel Reeves.

Budget 2024

Budget 2024: Experts react to the UK government’s last roll of the economic dice ahead of a general election

— The 2024 spring budget aimed to boost UK economic optimism before the general election. Chancellor Jeremy Hunt cut national insurance, but it only partially offset rising tax burden. Mixed reviews indicate the budget fell short of high expectations for pre-election economic moves.

Tax Avoidance

$1 trillion in the shade – The annual profits multinational corporations shift to tax havens continues to climb and climb

— New research shows that companies are shifting record amounts of their profits to tax havens, despite a global effort to crack down on the practice.