UK pubs beg Rachel Reeves ‘show humanity’ – ‘£15 pints coming’
EXCLUSIVE: Publicans have said that they are being forced to cut staff hours and increase prices.
EXCLUSIVE: Publicans have said that they are being forced to cut staff hours and increase prices.
Fewer than one in 10 respondents said their pubs would be profitable after new changes take effect next year.
Chancellor Rachel Reeves is reportedly eyeing a bold overhaul of the UK's savings system, sparking debate over potential changes to the beloved Cash ISA.
Reports suggest Ms Reeves is considering a range of measures to raise revenue without breaking Labour's pledge not to increase income tax, VAT or National Insurance.
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."