British Economy to Stall Thanks to High Taxes mdi-fullscreen

The Organisation for Economic Co-Operation and Development (OECD) has predicted that the UK will be the slowest-growing economy in the G7 next year. All thanks to our so-called Conservative government’s high taxes and borrowing…

The OECD has forecast that the UK’s GDP will rise by just 0.4% this year and 1% in 2025, nearly half that of the US. The OECD said “tax receipts keep rising towards historic highs of about 37% of GDP” and Hunt’s NI cuts “only partially offsets the ongoing fiscal drag from frozen personal income tax thresholds”. They also blast the increased corporate tax rate (from 19% in 2021 to 25% now). Higher taxes and borrowing does not promote growth, Chancellor…

Meanwhile, the ongoing decline of the London Stock Exchange’s is a matter of huge concern for those in the City. British success stories like chip-maker ARM and entertainment group Flutter have listed outside the UK thanks to regulations and high taxes. Hopefully Labour can learn a few things from the Tories’ mistakes…

mdi-tag-outline GDP Growth OECD Tax Tories
mdi-timer May 2 2024 @ 12:06 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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