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Tax Changes and Fiscal Challenges: Inside the Autumn Budget Plans
NewJuly 09, 202502:52

Tax Changes and Fiscal Challenges: Inside the Autumn Budget Plans

Alice and Lewis discuss the potential tax increases and fiscal strategies as the UK government faces a significant fiscal hole.

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In this episode, Alice and Lewis explore the potential tax changes and fiscal challenges facing the UK government as they prepare for the upcoming autumn Budget. With reports suggesting a possible fiscal hole of 20 to 30 billion pounds, the conversation delves into the plans to address this shortfall, including extending the freeze on tax thresholds, targeting the wealthy through capital gains tax and inheritance tax changes, and exploring potential reforms to pensions and business taxes. The discussion highlights the delicate balancing act the government faces in raising revenue without breaking manifesto pledges and the risks of relying on a small and mobile group of taxpayers. As the public finances remain fragile, every decision will need to be carefully considered, making this a crucial story to follow as we approach the autumn Budget.