Tag: tax policy
-
Why Rachel Reeves Says Those with Broadest Should Pay Their Fair Share in UK Budget
Overview: A Budget Shaped by Fairness and Fiscal Rules Chancellor Rachel Reeves signaled a shift in the government’s tax strategy as she prepares Britain’s autumn budget. Speaking from Washington, D.C., Reeves argued that those with the “broadest shoulders” should contribute their fair share to the exchequer, a stance set against the backdrop of uncertain forecasts…
-
Reeves Signals Higher Taxes on the Wealthy as Part of November Budget Story
Reeves signals a new direction for the November budget British chancellor Rachel Reeves has indicated that higher taxes on the country’s wealthiest will form part of the forthcoming November budget. Speaking in Washington at the IMF annual meetings, Reeves pushed back against criticism she described as scaremongering and bleating, stressing that her priority is repairing…
-
Brexit’s Enduring Economic Toll: Reeves Signals Tax Rises as Budget Looms
Brexit’s Long Shadow on the UK Economy The case for Brexit’s lasting economic impact has shifted into sharper focus as Labour’s Rachel Reeves signposts forthcoming tax rises. Reeves, the party’s shadow chancellor, has repeatedly framed the budget debate around the assumption that the post-Brexit economy continues to bear the imprint of the 2016 referendum and…
-
Canada Announces Automatic Tax Filing for Low-Income Canadians and Makes School Meals Permanent
The rollout of automatic tax filing for low-income Canadians In a move aimed at simplifying benefits access for the most vulnerable, the Liberal government announced the early rollout of automatic tax filing for low-income Canadians. Prime Minister Mark Carney outlined a plan to begin implementing an automated system that will ensure eligible households receive federal…
-
Carney Unveils Automatic Tax Filing and Permanent School Food Program
A pivotal move for vulnerable Canadians Prime Minister Mark Carney and his Liberal government have announced two landmark policy steps designed to bolster support for the country’s most vulnerable citizens: the long-awaited automatic tax filing system for low-income Canadians and the permanent extension of the school food program. The announcements came at a news conference…
-
Budget 2026: What’s in the Finance Plan for Social Welfare, Energy and more
Overview of Budget 2026 Finance Minister Paschal Donohoe is due to unveil Budget 2026 amid cautious economic signals. While this year’s package is not being heralded as a game changer, officials stress a measured approach in light of uncertain winds ahead. The announced measures centre on targeted supports for households, a modest uplift in social…
-
Budget 2026: Social Welfare Up by €10 as Government Signals Careful Spending Ahead
What Budget 2026 Means for Social Welfare and Pensions The government has unveiled Budget 2026, highlighting a cautious approach in the face of uncertain economic winds. A core element of the package is a €10 weekly increase across all social welfare payments, including the state pension. While this marks an uplift for retirees, carers, and…
-
What the July 2026 Hospitality VAT Cut Means for Businesses
Overview of the VAT Cut The government has announced a VAT reduction for eligible hospitality businesses, with the new rate set to come into effect from July 2026. The measure reduces VAT from 13.5% to 9% for qualifying operators, part of a broader budget package under discussion this week. Crucially, the relief applies to the…
-
VAT Cut for Hospitality: What the July 2026 Reduction Means for Businesses
Overview of the VAT Cut for Hospitality In a move expected to ease pressures on the hospitality sector, the government has agreed a VAT reduction for eligible hospitality businesses, set to take effect from July 2026. The rate will fall from 13.5% to 9%, providing a potential savings boost for operators and, indirectly, for consumers.…
-
VAT Cut for Hospitality Industry Takes Effect in July 2026
New VAT Cut for Hospitality: Key Details The government has agreed to a VAT reduction for the hospitality sector, set to take effect from July 2026. The move forms part of the Budget package announced on Tuesday as ministers push ahead with measures designed to ease living costs and support businesses. Under the plan, eligible…