Rachel Reeves has done a rare media appearance today on a visit to manufacturers in Glasgow before a CBI roundtable with Scottish businesses. She was asked three times whether she would rule out raising Capital Gains Tax or Inheritance Tax in the budget. Thrice came a non-denial…
The Treasury’s latest projection is that a CGT hike will lose billions in tax revenue per annum. At the current thresholds 1 in 8 people will pay IHT on their or their spouse’s death within 10 years. These tax hikes will hammer the middle class hard…
Speaking to Sky News off the back of Rachel Reeves’ Air Passenger Duty hike, Ryanair chief executive Michael O’Leary said:
“Labour is dependent on those Red Wall seats, and yet every move she makes poisons economic growth and damages the UK’s recovery… it’s the Chancellor who stumbles from policy misstep to policy misstep… I think her policy decisions are incredibly stupid.”