Charities Urge Rachel Reeves to Tax Companies Profiting from Iran War
Charities are urging Rachel Reeves to raise taxes on companies, including banks, defense, and energy firms, that are profiting from the 'war on Iran,' as oil prices skyrocket and the UK economy faces predicted growth drops.
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Rachel Reeves urged to raise taxes on companies profiting from war on Iran
Charities say taxes should rise for banks, defence and energy companies which stand to make windfall profits Middle East crisis live Rachel Reeves is being urged to raise taxes on businesses generating “windfall” profits linked to the US-Israel war on Iran to fund emergency cost of living support for UK households. With the government under pressure to respond, a group of leading charities, campaigners and trade unions said the chancellor could raise billions by taxing “excess profits” link...
By Richard Partington Senior economics correspondent
Read full article →Rachel Reeves urged to raise taxes on companies profiting from Iran war
The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth
By Bryony Gooch
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