Budget's 'Back-Loaded' Tax Hikes: A Fiscal Challenge
Update: 2025-11-29
Description
The recent budget announcement, while initially stable, faces underlying concerns as the deficit projections rise, and tax increases are back-loaded. Market uncertainty persists due to doubts about the Office for Budget Responsibilitys effectiveness. Wealthy individuals may alter spending habits, potentially impacting tax revenues. Persistent high inflation and a slowing housing market could necessitate further tax increases or spending cuts to manage the national debt.
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