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...The government will not be able to avoid going before MPs if it is to make further cuts this year or raise taxes....
...Standing alongside German chancellor Olaf Scholz, Sunak said that on top of higher defence spending, the UK would “continue to invest in public services and cut people’s taxes”....
...The VVD favours restricting spending while NSC would increase wealth taxes to fund outlays....
...It has also granted some of the most cash-strapped councils exceptional permission to raise council taxes above normally permitted amounts and allowed them to use capital resources to meet revenue costs....
...To do that, governments around the world are weighing up options from wealth taxes to levies on shipping....
...The chancellor plans to raise taxes on non-economy flights by increasing air passenger duty from 2025-2026, a measure that will raise an additional £110mn in its first year....
...Yes, 61 per cent of Republican voters do say they would “prefer to pay lower taxes and have the federal government do less”....
...Additional reporting by Laura Dubois in Brussels...
...Starmer said half of the vastly reduced annual spending pledge would be funded from Labour’s previously promised windfall levy on North Sea oil and gas, with the other half from additional government borrowing...
...Not only is the cost-benefit ratio unbeatable, but not to undertake this spending is to court disaster....
...Red red lines Labour has pledged that the Conservatives’ spending plans are its baseline, and has committed to a handful of additional spending commitments — on breakfast clubs, the NHS and the like — paid...
...Israel plans to raise about $60bn in debt this year, freeze government hiring and increase taxes as it almost doubles its defence spending to support its war in Gaza, according to a senior finance official...
...governments to raise taxes to fund the transition to green energy....
...Israel plans to raise debt and taxes to fund its war in Gaza and global house prices are on the rise....
...taxes....
...But the budgetary blow raises questions about Spain’s ability to increase its defence spending in line with Nato targets and potential changes to windfall taxes on banks and energy companies....
...“With central government prioritising cuts in taxes and consequent spending cuts, this places more burden on councils to increase the level of council tax by the maximum allowed,” said Rob Whiteman, CIPFA...
...Applied to 2022 numbers, that would mean an additional 1.7mn visitors....
...Ministers have confirmed the additional money, worth £7bn a year more by 2030-31, would not be funded from borrowing or debt....
...In policy terms — managing the economy, public spending, taxes — there was little to separate them....
...Additional reporting by Carmen Muela in Madrid...
...Even if taxes are to rise, a road map of when and how is more conducive to business and investment planning. A more honest public discourse about tax is in the country’s interest too....
...Additional snips to NI or income tax will do little to change that reality, besides being costly. Hunt may look for revenue raisers to make room for tax cuts....
...Ideally, such taxes would be adopted by the G20, Tubiana said, or alternatively a smaller coalition of willing countries....
...Hutton’s central argument is that investment is the only route to growth, not the recent Tory prescription of squeezing public sector spending, seeking to reduce national debt and cutting taxes which — even...
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