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Explained in plain English

Will my taxes change?

These new EU rules aim to shift public spending towards European goods, focusing on quality and sustainability over just the lowest price. While the UK is no longer in the EU, changes in EU policy can still indirectly affect global markets and trade relationships, potentially influencing future UK tax decisions or public spending priorities.

Stories that explain this

EU proposes 'buy European' rules for public spending Treasury lowers public spending discount rate to help long-term infrastructure projects

Related explainers

What are 'green' purchases? What is public procurement? What's a 'discount rate'? What's 'capital spending'? What's the Green Book? Could my taxes change? Why do actors change weight? How will AI change game jobs?

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