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IMF give UK tax raising instructions likely to cause riots.


L.A.T.1961

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The International Monetary Fund advised Chancellor Jeremy Hunt against additional tax cuts in its annual “health check” of the U.K. economy.

The government should instead prioritize stabilizing debt in the long term.

To do so, the IMF suggested boosting government revenue by hiking carbon and road-usage taxation, broadening VAT and inheritance tax bases, and reforming capital gains and property taxation. 

 

Its worth remembering that when France wanted to increase petrol duty the yellow jackets shut roads and the French gov were forced into a U turn.

https://www.politico.eu/article/imf-warns-uks-jeremy-hunt-against-further-tax-cuts/

 

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4 minutes ago, L.A.T.1961 said:

The International Monetary Fund advised Chancellor Jeremy Hunt against additional tax cuts in its annual “health check” of the U.K. economy.

The government should instead prioritize stabilizing debt in the long term.

To do so, the IMF suggested boosting government revenue by hiking carbon and road-usage taxation, broadening VAT and inheritance tax bases, and reforming capital gains and property taxation. 

 

Its worth remembering that when France wanted to increase petrol duty the yellow jackets shut roads and the French gov were forced into a U turn.

https://www.politico.eu/article/imf-warns-uks-jeremy-hunt-against-further-tax-cuts/

 

On the other hand, the french go on strike if the weather is slightly less warm and/or cold than expected so...

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8 minutes ago, Setton said:

On the other hand, the french go on strike if the weather is slightly less warm and/or cold than expected so...

It's true but sometimes they have a point. 

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