44
Britain cranks up taxes by £40B and gambles on growth (www.politico.eu)
submitted 6 days ago by Grainne@lemmy.dbzer0.com to c/world@quokk.au
5 comments fedilink hide all child comments

Labour’s Rachel Reeves signaled that the new British government plans record tax rises on the wealthy and on business.

you are viewing a single comment's thread
view the rest of the comments
[-] Skua@kbin.earth 8 points 6 days ago

Annual government spending was about 1.2 trillion last year, so it's about 3.5% of that. Alternatively it's about 30% of last year's deficit

this post was submitted on 09 Nov 2024
44 points (95.8% liked)

World News

242 readers
310 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

founded 1 month ago
MODERATORS
Deceptichum@quokk.au
Grainne@lemmy.dbzer0.com
PhilipTheBucket@ponder.cat