Chancellor Rachel Reeves has indicated that the UK government is contemplating the removal of the £800 million-a-year digital services tax imposed on American tech giants. This 2% levy on revenues from search engines, social media platforms, and online marketplaces was introduced in April 2020 to ensure fair tax contributions from global digital businesses. The potential repeal aims to facilitate a trade agreement with the US and avert impending tariffs. However, opposition voices have criticized this move, labeling it as an appeasement to US interests. ​