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IMF Urges UK to Weigh Tax Reforms Over Bank Tax | Markets & Money News
The International Monetary Fund advises the UK against raising bank and worker taxes in favor of reforming property and broadening sales taxes. Finance Minister John Healey aims for a balanced budget by 2029/30 and has pledged not to increase income tax or social security rates. He may, however, raise a bank profit surcharge. Meanwhile, Prime Minister Andy Burnham plans to eliminate the pension “triple lock” to support social care funding, with ongoing discussions about welfare payments for
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