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1st Nov 2022 16:32U.K., Daily Monitor

  • Press reports suggest that the tax rises will account for about half of Mr. Hunt’s £50B consolidation.
  • Windfall taxes aren’t long-term money-raisers; a VAT hike could have harmful second-round effects on inflation.
  • So personal tax rises will bear the brunt; expect the NI rise to be reimposed, and the basic rate limit to fall.

tax taxes vat vat hike

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Keywords for: 2 Nov 2022 UK Monitor

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