Potential tax increases and their impact on businesses

Posted on July 10, 2024 Posted in - Business Blog, Business News, SME, Tax, Tax Blog, Tax News

In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.

The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.

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