politics

UK Prime Minister Faces Backlash Over New Tax Policy Shift

Summary

On February 17, 2026, UK Prime Minister James Harrow sparked controversy by announcing a sudden shift in the country’s tax policy aimed at increasing corporate taxes from 19% to 25

On February 17, 2026, UK Prime Minister James Harrow sparked controversy by announcing a sudden shift in the country’s tax policy aimed at increasing corporate taxes from 19% to 25%. The decision, revealed during a parliamentary session in London, has drawn sharp criticism from opposition parties and business leaders. Critics argue the hike could deter investment and slow economic growth. The government defends the move, citing a need to fund expanding public services and reduce the national deficit, currently at 7.5% of GDP, according to the Office for Budget Responsibility. The political fallout is expected to intensify as debates continue this week, Reuters reported.
Feb 17
UK Prime Minister Faces Backlash Over New Tax Policy Shift

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