uk tax

UK: Bankers brace for big hit as fear mounts over likely budget tax blow

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UK: Bankers brace for big hit as fear mounts over likely budget tax blow

LONDON: UK-based banks are stepping up lobbying efforts against possible tax hikes in the government’s inaugural Budget on October 30, amid mounting worries it may tap the cash-rich sector to boost Britain’s finances, senior industry sources told Reuters. Finance minister Rachel Reeves is due to meet senior representatives of the banking sector in the coming … Read more

UK PM Keir Starmer hints at coming “painful” higher taxes on the wealthy

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UK PM Keir Starmer hints at coming “painful” higher taxes on the wealthy

LONDON: Prime Minister Keir Starmer said he would likely need to impose “painful” higher taxes on the wealthy as part of his plan to overhaul Britain and rid it of the rot he said had set in during 14 years of Conservative rule. Starmer, whose Labour Party won a landslide election victory in July, has … Read more