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British Chancellor of the Exchequer John Haley is preparing tax increases for banks, gambling and online marketplaces, including Amazon and Temo. The authorities want to use the extra revenue to help households with expensive electricity and freeze fuel debts. The government needs to find money in the face of increasing debt: UK borrowing costs are increasing at a record pace since 2008. Increasing debt service costs reduces the scope for fiscal support. Therefore, part of the burden is expected to shift to large financial and digital companies, without abandoning means for consumers. At the same time, the Ministry of Finance promises businesses a reduction in management costs. Reducing the flow of documents, according to the department's calculations, could save companies 800 million pounds a year. But this is compensation for costs, not the elimination of new taxes. The budget tries to combine support for the population with additional withdrawals from businesses due to expensive government loans. Ξeconomics.

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Экономикон · · Source

🇬🇧 UK · Map

British Chancellor of the Exchequer John Haley is preparing tax increases for banks, gambling and online marketplaces, including Amazon and Temo. The authorities want to use the extra revenue to help households with expensive electricity and freeze fuel debts. The government needs to find money in the face of increasing debt: UK borrowing costs are increasing at a record pace since 2008. Increasing debt service costs reduces the scope for fiscal support. Therefore, part of the burden is expected to shift to large financial and digital companies, without abandoning means for consumers. At the same time, the Ministry of Finance promises businesses a reduction in management costs. Reducing the flow of documents, according to the department's calculations, could save companies 800 million pounds a year. But this is compensation for costs, not the elimination of new taxes. The budget tries to combine support for the population with additional withdrawals from businesses due to expensive government loans. Ξeconomics.

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