GeopoliticsNotableEmergingDeveloping
5.5
UK Treasury weighs windfall taxes on oil firms and banks to rebuild fiscal buffer
OilPrice.com·GB·1 day ago
The Resolution Foundation argues that the UK's low 'tax wedge' must rise to fund higher defence spending, targeting middle earners. This follows Chancellor John Healey's resignation in June over defence funding concerns. The proposal signals a potential shift in UK fiscal policy, but its adoption remains uncertain.