India  

Hospitality chiefs warn Reeves of carnage over Budget tax hikes

Sky News Saturday, 9 November 2024 ()
Hospitality chiefs warn Reeves of carnage over Budget tax hikesRachel Reeves will this weekend be told by some of Britain's biggest hospitality groups that the tax hikes imposed in last month's Budget risk triggering a tsunami of job losses across the sector.
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 newsR Knowledge: Other News Mentions

Budget Budget Balance sheet or statement of estimated receipts and expenditures

Pizza Hut UK hunts buyer amid Budget tax hike crisis

Pizza Hut's biggest UK franchisee has begun approaching potential bidders as it scrambles to mitigate the looming impact of tax hikes announced in last month's..
Sky News
Farmers hit back over Chancellor's inheritance tax charge [Video]

Farmers hit back over Chancellor's inheritance tax charge

The chancellor appears to have a fight on her hands with Britain's family farmers. In her Budget, Rachel Reeves closed a loophole to stop rich people investing in land to reduce their inheritance tax bills, penalising them with a new million pound tax threshold. But farmers in Cirencester have labelled the move "demoralising" and the deputy president of NFU Cymru Abi Reader warns it will lead to "economic stagnation". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:03Published

Rachel Reeves Rachel Reeves British politician (born 1979)

Starmer 'absolutely' confident in chancellor after rows with farmers, pensioners, and employers

Sir Keir Starmer has said he is "absolutely" still confident in Chancellor Rachel Reeves after her financial plans sparked rows with pensioners, farmers and..
Sky News
Ed Davey visits shops in call to stop bus fare cap hike [Video]

Ed Davey visits shops in call to stop bus fare cap hike

Liberal Democrats leader, Sir Ed Davey visited high-street businesses calling for a Government U-turn on the rise of the bus fare cap. The £2 cap on single fares that applies on most routes outside London will be replaced by a new £3 cap until the end of 2025, Chancellor Rachel Reeves announced in the Budget. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published
Rachel Reeves visits fusion power company [Video]

Rachel Reeves visits fusion power company

Chancellor of the Exchequer Rachel Reeves speaks to engineers and scientists during a visit to Tokamak Energy in Abingdon. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:20Published
Reeves insists growth is priority despite economic slowdown [Video]

Reeves insists growth is priority despite economic slowdown

Responding to the slowdown in economic growth during the quarter to September, Chancellor Rachel Reeves emphasised that achieving growth is the "number one mission of this Government". However, she acknowledged that when she became chancellor, she was upfront about the "scale of the challenges" she had inherited, particularly regarding the state of public finances. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:16Published
Stride: GDP figures are 'very weak and worrying' [Video]

Stride: GDP figures are 'very weak and worrying'

Mel Stride blamed GDP figures showing growth slowed between July and September on the Labour government “talking down of the economy”. UK economic growth slowed between July and September relative to the previous quarter, according to official data, in a blow to Chancellor Rachel Reeves. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:05Published

Related videos from verified sources

Tories blame Reeves' tax hike for adverse market reaction [Video]

Tories blame Reeves' tax hike for adverse market reaction

Gareth Davies says people will be asking "what is this Budget for if it's not for growth?", after Rachel Reeves raised taxes by £40bn. The shadow exchequer to the Treasury adds the chancellor's tax..

Credit: ODN     Duration: 02:05Published
Reeves: Most farmers won't pay more in inheritance tax [Video]

Reeves: Most farmers won't pay more in inheritance tax

Rachel Reeves says she is raising money in a "fair and balanced way", after receiving backlash from farmers over a new inheritance tax charge announced in her Autumn Budget. The chancellor closed a..

Credit: ODN     Duration: 00:41Published
OBR: Reeves' Budget will squeeze employee wages [Video]

OBR: Reeves' Budget will squeeze employee wages

OBR Chairman Richard Hughes described Chancellor Rachel Reeves' Budget as one of the UK’s largest in terms of tax rises, with employer National Insurance contributions set to increase. This move is..

Credit: ODN     Duration: 00:37Published