Rachel Reeves
£740: Parliament's Income Growth Ceiling
Rachel Reeves' Budget spreads tax pain across incomes despite rhetoric on the wealthy, netting tiny gains for the poor amid OBR's 0.5% growth forecast—the second-worst on record.
Facts first. Parties second.
2 articles
Rachel Reeves
Rachel Reeves' Budget spreads tax pain across incomes despite rhetoric on the wealthy, netting tiny gains for the poor amid OBR's 0.5% growth forecast—the second-worst on record.
Budget 2025
Freezing tax thresholds per Labour pledge imposes stealth rises costing basic-rate taxpayers £220 yearly, outstripping direct rate hikes. This fiscal drag, extended to 2028, signals more pain amid downgraded growth and record burdens.