UK can tax wealthy to close £20 billion fiscal gap, report says

Quick Summary:

The three reports laid bare the challenges facing Reeves at her first budget on Oct.30, as she attempts to put borrowing back on track and calm anger from Labour lawmakers over spending cuts.

Reeves is under pressure to plug what she claims is a £22 billion fiscal hole left by the previous Conservative government.

It urged Reeves to toughen up her debt target, which requires debt to be falling as a share of GDP in five years, and highlighted mounting pressures from interest rates, military spending, an aging population and the climate transition.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: Fiscal Government Reeves Gains Resolution Debt Budget Billion Labour Economic State

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 12:43:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 807 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22448602

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 43 posts per day

Year Established: 2005

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News Last Updated: 11 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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