Rachel Reeves handed dire property tax warning over ‘wealth exodus’ fears
Critics argue hikes to capital gains tax risk punishing long-term savers and destabilising the housing market rather than raising sustainable revenue.
Critics argue hikes to capital gains tax risk punishing long-term savers and destabilising the housing market rather than raising sustainable revenue.
Analysts have noted that bankruptcy rates have dipped only because many struggling households cannot even afford the court fees associated with going bust.
The latest data will be come as a bitter disappointment compared with the first quarter, which saw growth of 0.7%. Posting on X, Rachel Reeves said: "I know there is more to do to deliver an economy that works for working people."
The country has a service-based economy, with the major sectors being metal products, banking, agriculture, chemicals, and transport equipment.
Greed is good for business - worrying obsessively over hurt feelings and impoverishing ourselves to meet green targets are not.