Britons Face Highest Tax Burden in History by 2030

Britons face highest tax burden in history by 2030

Britain remains on course to have its highest ever tax burden as the Government commits to hike taxes and cut spending across most of Whitehall in the run-up to the next general election. Rachel Reeves used her Spring Statement to argue that the economy is turning the corner, with an upgrade to the size of the economy per head of population and lower inflation predicted in the coming years. But the new forecast from the Office for Budget Respons…

OBR Revises Labour Tax Burden Up Again to Reach Record Postwar High

From the OBR's forecast: "Taxes are forecast to increase from 36% of GDP this year to 38% by the end of the forecast, with personal taxes accounting for

Update on the Chancellor's Spring Statement - Bathroom Association

Today, the Chancellor delivered her Spring Statement to the House of Commons. We were anticipating an update on the OBR forecast with no new policy announcements, and that is what we got. It was a more upbeat performance from the Chancellor than at previous fiscal events, potentially because she did not have to deliver much bad news. She highlighted recent successes, including falling inflation and interest rates, a lower energy price cap, incre…