UK Tax Relief Helps Deliver 9.2% Boost to Business Investment

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Businesses invested more in the UK over the past year than previously thought as they took advantage of the government’s super-deduction tax break before it expired in March.

Updated figures from the Office for National Statistics showed that business investment grew 9.2% over the year to June, an upward revision from 6.7%. That helped the UK economy close a gap with Germany, France and the US.

While Sunak has campaigned saying he wants low taxes, the Institute for Fiscal Studies on Friday released a report showing that the tax burden on the UK during the session of Parliament from 2019 to the next election will increase more than any other period on record. “Taxpayers are being bled dry to fund an unprecedented cost of government crisis, and there seems to be little hope of respite,” said John O’Connell, chief executive officer of the TaxPayers’ Alliance, said. “Ministers must get serious on spending to give struggling Brits a break and reverse this grim trajectory.”

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in BR

Brasil Últimas Notícias, Brasil Manchetes