#tax-hikes

#tax-hikes

We are now at a level where we can't tax anybody any more, but we can't borrow any more, so we are really at the mercy of those people we've borrowed from, so if they lose confidence in us, we have serious issues.

Following Rachel Reeves Autumn Budget, the self-storage company Big Yellow has warned their annual business rates will now soar by £1.8 million. The self-storage company said the Chancellor's up-coming tax hikes will see properties valued at more than £500,000 will be hit with higher taxes which will affect 27 of their stores. Big Yellow has a total of 111 locations in England, Scotland and Wales and from the next financial year the new business rates will start.

I don't run from tough problems, I solve them,