Hike

The wave of car price hikes began in Israel, after the Knesset approved changes to the car tax at the last minute. After increasing the purchase tax on electric cars from 35% to 45% and reducing the ceiling on tax…

Sir Keir Starmer warned on Monday that the prospect of a rapid economic recovery remains elusive, as official figures confirmed the UK economy stagnated in the third quarter. Downing Street stopped short of denying the possibility…

Landlords appear to be ignoring the Government's latest tax rises, according to new data suggesting buy-to-let investors now account for a larger share of property purchases than before the Chancellor's latest reforms. The…

Finance Minister Bezalel Smotrich has instructed officials to halt the sharp increase in the purchase tax on electric cars, which was scheduled to take effect next month, the Finance Ministry announced today. Instead of…

Britain's largest business lobby groups, known collectively as the B5, have faced criticism for failing to prevent a major rise in employers' National Insurance contributions, announced in Rachel Reeves' October Budget. The £25…

Employers are preparing to move tens of thousands of British jobs offshore in response to Chancellor Rachel Reeves' latest Budget, top recruitment experts have warned. James Reid, CEO of recruitment giant Reid, has revealed that…

The Entertainer, one of the UK's largest toy retailers, has abandoned plans to open two new stores following the government's decision to increase National Insurance (NI) contributions for employers. CEO Andrew Murphy explained…

Marks & Spencer has warned it cannot rule out a price hike after absorbing an extra £120 million in costs resulting from Chancellor Rachel Reeves' National Insurance changes and upcoming pay rises. Chief executive Stuart Machin…

Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget…

In her first Budget, Chancellor Rachel Reeves introduced £40bn in tax rises, largely focused on increasing National Insurance contributions for employers and implementing a temporary repatriation facility for non-resident individuals.…