Higher dividend taxes in Budget risk hurting small business, wealth managers warn
One think-tank calls for the basic rate to rise to 16.5%, which would generate an extra £1.5bn for the Treasury
One think-tank calls for the basic rate to rise to 16.5%, which would generate an extra £1.5bn for the Treasury

Expected move by chancellor Rachel Reeves next week faces strong pushback from businesses

The country’s tax system and rising costs sap the returns to hard work

Burden to reach 38% of GDP by end of parliament

Fears of £10bn downgrade from OBR prompt hunt for measures to improve growth

The chancellor’s failure to drive growth and cut spending leaves future levy rises on the cards

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn