Combined with windfall taxes on both fossil fuel and renewable energy generation, Britain’s business tax regime is getting less, not more, competitive.
Higher interest rates may slow the world economy later this year and early next. Recession is even possible for the UK.
Following this strategy could lead to weaker returns, leaving older local people, teachers, healthcare workers and so on with less in their pockets.
Combined with windfall taxes on both fossil fuel and renewable energy generation, Britain’s business tax regime is getting less, not more, competitive.