A group of economists have warned that despite record increases in taxes at October’s budget, the Treasury is likely to raise taxes even further this year, potentially undermining economic growth. The UK is expected to outperform France and Germany in 2025, but the previously announced tax rises could hinder the economy’s recovery. The chancellor’s record tax rises, including an increase in employers’ national insurance contributions, have contributed to a gloomy economic outlook, with firms anticipating reduced output and hiring, leading to concerns of a struggling economy.
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Labour launches plans to find land for housing and energy in new blow to farmers
Your support for The Independent enables in-depth coverage of stories ranging from reproductive rights to climate change to Big Tech, with a commitment to factual reporting and accessibility. The UK government's proposed land use framework aims to balance agricultural needs with environmental concerns, potentially impacting farmers facing inheritance tax reforms. Environment Secretary Steve Reed emphasizes the framework's goal of protecting food production while addressing climate goals, despite farmer protests and concerns about land use restrictions....
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