What taxes might be raised in the Budget?

Quick Summary:

The government says taxes will have to rise to fix the public finances - but which ones could go up?

Simon Williams, head of policy at the RAC, said the motoring group had reached the conclusion the chancellor "has no option but to put fuel duty back up".

The chancellor has given signals that employers will face higher NI contributions, and Prime Minister Sir Keir Starmer has not ruled out the rises either.

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Category: Business

Markets: United KingdomUkraine

Topics: Prime Budget Labour Reeves Rate Income Been Relief Government Chancellor

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 11:29:47 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1341 words

Reading Time: 8 minutes read

Sentences: 57 lines

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Copyright Owner: © BBC Business

News ID: 23223448

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