OBR Warns of Potential Tax Hikes
Update: 2025-12-03
Description
Growing concerns over potential tax hikes as OBR warns of vulnerable finances. Chancellor Rachel Reeves avoids repeating no-tax-rise promise, adding to public unease. OBR head resigns amid budget leak controversy, contradicting governments narrative on finances. Chancellor opts for tax increases over spending cuts, with OBRs productivity downgrade offset by higher tax revenue forecasts. Twenty-two billion pounds of financial flexibility still considered small, raising questions about future tax increases.
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