This is a South Korea news story, published by Telegraph, that relates primarily to Rachel Reeves news.
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TreasuryTelegraph
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61% Informative
Rachel Reeves promised to lead the most pro-growth, pro-business Treasury in our history’ She pledged to “co-design’ policy with business on shared priorities’s priorities.
Yet hardly anyone reported the meeting of minds with the Chancellor.
The mood among business leaders who are actually at the coalface of industry is one of deep foreboding.
The Institute for Public Policy Research posits a 50bn haul over four years for the Chancellor if she were to harmonise rates of tax on capital gains with income tax.
Demos calculates that the Exchequer might raise 6.5bn more a year in inheritance tax by adopting the same approach as South Korea .
The economist Charles Goodhart suggests addressing the imagined 22bn “black hole” in the public finances by imposing a land tax (a wealth tax by another name).
VR Score
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