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UK Tax Hikes Reach All-Time High, Fueling Entrepreneur Exodus and Political Turmoil for Labor Party — Simon Constable — Constable reports that the UK Labour budget under Rachel Reeves will raise the aggregate tax burden to an all-time high of 38% of GDP. This approach is viewed as fundamentally anti-business, with over two-thirds of entrepreneurs reporting that the government lacks genuine support for wealth creation and private enterprise. Constable predicts this environment will trigger an exodus of new wealth creators and capital. Constable suggests the resulting political turmoil positions Nigel Farage as a credible contender for future UKleadership.
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