Labour's Potential Tax Hikes Cause Concern Among City Firms

Wednesday, 5 June 2024, 21:01
Recent surveys show a significant shift in expectations regarding potential tax increases under Labour leadership. 60% of City institutions now anticipate hikes in both income and corporation tax, contrasting sharply with the 30% who previously believed taxes would remain stable. The projections indicate growing anxiety and uncertainty in the financial sector as the election approaches.
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Labour's Potential Tax Hikes Cause Concern Among City Firms

Labour's Anticipated Tax Policies

Six in ten City institutions now expect Keir Starmer's party to hike income and corporation tax.

City Firms' Projections

Just three in ten said they expected taxes to stay flat.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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