#tax-changes

#tax-changes

Chancellor Rachel Reeves' Budget includes £40bn in tax hikes focusing on employer NICs, affecting SMEs significantly.

42% of those financially connected to the UK are seeking to move wealth abroad due to recent tax changes.

The €8.3bn Budget focuses on tax cuts and social welfare increases ahead of the election.

Tax and welfare changes aim to increase disposable income for households, particularly benefiting lower and middle-income earners.

Tax hikes are necessary for restoring fiscal stability, according to Chancellor Reeves.

Employees in the UK may face real-term pay cuts from a potential rise in National Insurance contributions.