Commenting on Chancellor Rachel Reeves’ recent Autumn Budget, the International Monetary Fund (IMF) stated the tax increases announced will ‘boost growth sustainably’.
The IMF said it approves of the UK government’s plans to ‘boost growth through a needed increase in public investment, while addressing urgent pressures on public services’.
An IMF spokesperson said: ‘We support the envisaged reduction in the deficit over the medium term, including by sustainably raising revenue.’
The Chancellor recently conceded that her Budget measure to raise employer National Insurance contributions (NICs) will lead to employees being paid less. Paul Johnson, Director at the Institute for Fiscal Studies (IFS), commented that ‘if you are to lean on one of the big three [taxes] then employer National Insurance is definitely not the best place to go’.
07/11/2024
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13/10/2025
Budget must boost UK business
The Autumn Budget must sharpen the UK’s competitive edge to stay ahead of the pack in an increasingly dog-eat-dog world, says the British Chambers of Commerce (BCC).
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Countdown to Vaping Products Duty begins
There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and Vaping Duty Stamps (VDS) on 1 October 2026.
Many young people missing savings
Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds, according to HMRC.
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