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From: Denc 🗡
Meanwhile tax is the answer… Rachel Reeves is raising the UK’s taxes at the fastest pace in the G7, according to the International Monetary Fund (IMF). The tax burden in Britain is on track to rise sharply over this parliament, even as similar countries hold steady or cut back the share of money taken from households and businesses. British government revenues – largely from taxes – are set to account for 40.6pc of GDP by 2029, the IMF predicted, up from 38.3pc in 2024 when Labour took power. This increase of 2.3 percentage points is far in excess of anything seen in similar large democratic economies. It equates to around £65bn of additional tax when measured in today’s prices.

Current Thread	Author	Time
Meanwhile tax is the answer…...[more]	Denc 🗡	14:20:49
>> I’m sure she’ll do better than that.	Hamsterwheel	14:22:38

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