#RachelReevesMP, has TODAY, refused to rule out raising the 'Big Three' taxes (Income Tax, VAT, or NI) in the upcoming Nov 26th Budget!
-> Despite a core manifesto pledge, are the "necessary choices" about to hit your wallet? 

#TaxHikes #BrokenPromises #Budget2025 #UKPolitics

Business Groups Warn Chancellor Against Further Tax Increases in November Budget

Rachel Reeves is set to deliver her second budget on 26 November amid pressure to address a significant public finance shortfall. The British Chamber of Commerce (BCC) has warned that businesses face a critical moment and cautioned against imposing additional tax hikes on companies. Last year, Ms Re... [More info]

John Lewis reports increased loss due to tax hikes and packaging costs

The John Lewis Partnership (JLP), the UK's largest employee-owned business, has reported a significant half-year loss of £34 million for the six months ending July 26, 2025, compared to a £5 million loss for the same period last year. The company, which owns John Lewis department stores and Waitrose... [More info]

Pret A Manger reports £553m charge due to UK tax hikes and global uncertainty

Pret A Manger, the UK-based sandwich and coffee chain, has booked a £553 million goodwill impairment charge, citing higher costs due to UK tax increases and a more uncertain global economic environment. Despite a 10% increase in global sales, which reached £1.2 billion, the company reported an opera... [More info]

⚠️ Brace yourselves❗
💼 Chancellor #RachelReeves hints at potential tax rises in the autumn budget to tackle the "fiscal black hole"❗
💷 Economic challenges loom⁉️ 

#TaxHikes #UKEconomy #UKlabour

#IMF warns #Global #PublicDebt to pass $100 Trillion by end of this year. #FiscalMonitor #Report urges govts to put through #TaxHikes and make drastic cuts to #PublicSpending and #BudgetCuts despite well publicized plans to do just the opposite.

Both #USElection #PresidentialCandidates are committed to policies that will add trillions in #debt to a fragile US #economy while in #EU govt #bonds have experienced sell offs, and #UK seeks to "tweak the definition of public debt used for the UK’s #fiscal
rules to allow for more #borrowing."

Global debt will be almost 20% points of GDP higher next 3 years than previously projected: "Much more substantial fiscal adjustments are needed".

https://on.ft.com/3YnU6NB via @ftworldnews #GiftLink #FinancialTimes