From more tax to rewriting budget rules: six alternative ways Rachel Reeves could raise money

https://www.theguardian.com/politics/2025/mar/29/from-more-tax-to-rewriting-budget-rules-six-alternative-ways-rachel-reeves-could-raise-money

Posted by Yogizer

11 comments

  2. How about taxing overseas owners of UK properties?

    Or companies like Amazon and Google who seem to evade company tax?

    That would make more sense rather than hiking up UK companies costs with extra NI forcing them to dump workers onto benefits which I’d sort of self-defeating?

    Over Jan/Feb 160k workers were dumped into the job market by companies looking to try and cut costs.

  3. Only the Guardian could describe cutting pension tax relief as “reducing spending” when in reality it would be an outrageous assault on private sector workers saving dilligently for retirement while the fat state sector employees rest and wait for their defined benefits.

    In summary, so you don’t have to read this drivel, their 6 alternative ways to “raise money” are:

    1. Raise taxes

    2. Raise taxes

    3. Fiddle with the budgeting rules

    4. Fiddle with the budgeting rules

    5. Fiddle with the budgeting rules

    6. Fiddle with the budgeting rules

    Truely inspirational thought leadership The Guardian thanks very much for that.

    We have the highest tax burden since the war and it is clear for all to see we cannot afford to be as generous as we are as a country in all sorts of areas. The only way to balance the books is to drastically cut spending.

    Start by abolishing the triple lock and then look at public sector pension reform. They won’t though because you know, Labour and unions.

  4. I love how the Guardian thinks pension tax relief is a cost to the government.

    The same logic, by extension, leads to anything less than 100% taxation of all earnings and unsold assets being a subsidy that hits the inland revenue.

    These people are fantasists.

  5. The problem here is that, were our Nancy Astor worshiping Head Girl to do any of these things, then Trevor Chinn et al would be very cross, and there’d be no more free Sabrina Carpenter tickets, no more free designer clothes, and there certainly wouldn’t be a cushy corporate job waiting for her when she leaves office in disgrace – she knows that her role is to keep the flow of public wealth into private pockets uninterrupted, and that’s what she’ll do

  6. Legalize Weed.

    I’m a Brit living in a State that fairly recently legalized recreational weed.

    The first 6 months raised a billion in taxes.

  7. There are also at least 6 other spending cuts that are possible

  8. Great Britain is not Great any more. It is less than mediocre. 😂

  9. The only way out is growth now.

    Maybe, just maybe, there’s some room for tax increases here or there. But most will have second order consequences that are worse in the long run.

    Employees NIC increase seems likely to fall into that category, it’ll probably mean less jobs and less new companies, so we’ll be paying for that in a years time

  10. Now is the time to tax the super rich. No matter how much money they invest in media campaigns, we the many will be there to tank them next election cycle.

  11. I think if a company that is subsidised by the UK taxpayers (rail companies, water etc.) should pay back all subsidies out of their profits.

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