Taxes

The issue is likely to factor in elections next year to determine Macron’s successor

Low-value imports to the UK tripled between 2021 and 2024

The move follows a Supreme Court ruling late last year that found the tax assessment was lawful

The government is considering lowering the 8% levy to 1% from next April

Officials are also considering export duties and a windfall tax on mineral shipments

A stronger emissions trading system would do far more for resilience than fuel-tax reductions

While inequality data has revived calls for wealth taxes, the government remains focused on immovable assets

GST hikes remain necessary to provide stable revenues for increased structural spending

Industry players say the move will have far-reaching consequences across the automotive value chain