Claims extracted
22
sentences that state something as happening or true
Uncertain
5%
1 of 22 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
68/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The Chancellor has been warned that Britain ‘cannot tax its way to prosperity’ and must back business or face a ‘generation of stagnation’.
asserted
Britain → warn → stagnation
In a report ahead of the Budget, wealth manager Rathbones urged John Healey ‘to put restoring business confidence’ at the heart of his plans.
asserted
Rathbones → urge → plans
It called for reforms to business taxation – including the business rates system – and stamp duty on house purchases.
asserted
It → call → purchases
The company also urged the Chancellor to resist calls for an annual wealth tax or hikes in capital gains tax while boosting investment in British firms through pension funds.
‘The country cannot tax its way to prosperity and should instead focus on supporting business, investment and economic growth in the Budget,’ the report said.
asserted
report → urge → Budget
‘Uncertainty and rising costs risk creating a generation of stagnation, without the enterprise and investment needed to strengthen the economy.’
asserted
Uncertainty → rise → economy
A separate report by the Association of Investment Companies (AIC) urged Healey to ‘set out a path to removing stamp duty’ on share trading in the Budget.
asserted
report → urge → Budget
The AIC said its research found nearly three quarters of British investors, some 74 per cent, believe it is important to support the UK by backing UK companies.
asserted
it → say → companies
But investors currently pay 0.5 per cent in stamp duty when buying UK-listed shares – a levy that does not apply to buying shares in foreign companies.
asserted
that → pay → companies
So, a saver who buys £10,000 of shares in Rolls-Royce or Marks & Spencer pays £50 tax – but nothing on shares in SpaceX or Microsoft.
asserted
who → buy → SpaceX
AIC chief executive Richard Stone said: ‘We need UK investors to back the UK.
asserted
investors → say → UK
Our research shows that investors do see the connection between the investments they make and the health of our economy.
asserted
they → show → economy
‘There is potential for the Chancellor to turn this economic patriotism into real money when he delivers his Budget this week.
asserted
he → be → Budget
‘Setting out a path to remove stamp duty would make it an easier decision for UK investors to back home-grown companies and investment trusts.’
asserted
investors → set → companies
The last-ditch pleas ahead of the Budget on Wednesday follow a string of warnings from business leaders over the impact of rising taxes and higher costs on hiring and investment.
asserted
pleas → follow → hiring
Writing in the Daily Mail this month, Marks & Spencer chief executive Stuart Machin branded Rachel Reeves' two Budgets as Chancellor a 'disaster' and urged Healey to ‘take the handcuffs off business’.
asserted
Machin → write → business
Camilla Stowell, chief executive of Wealth at Rathbones, said: ‘The central challenge facing the Chancellor is how to restore sustainable growth; the answer cannot simply be to keep asking businesses and individuals to pay more.
asserted
answer → say → more
‘Economies need to grow out of high debt burdens, and that means backing the people, businesses and investment that create jobs, generate tax revenues and build prosperity across the country.
asserted
that → need → country
‘Our clients include business owners, professionals, investors and families whose ambition and success support businesses, organisations and communities throughout the UK.
asserted
ambition → include → UK
‘Many are ready to invest, expand and plan for the future, but they need stability, confidence and a policy environment that rewards enterprise rather than constrains it.’
asserted
that → invest → it
If you take out a product This is Money may earn a commission.
uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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