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"Ms Reeves delivered the Budget in the Commons on Wednesday, with the chancellor unveiling 26bn in tax rises and leaving 22bn in fiscal headroom as she set out plans to plug the gap in the public finances. The tax increases, which come on top of the 40bn of rises announced last year, will be delivered through a freeze on personal tax thresholds and a series of smaller measures. It brings the tax take to an all-time high of 38 per cent of GDP in 203031."
The Independent emphasizes on-the-ground reporting across reproductive rights, climate change and Big Tech and requests donations to fund journalists while keeping reporting free of paywalls. The chancellor unveiled £26bn of new tax rises and retained £22bn of fiscal headroom to address public finance gaps. These measures add to £40bn of previously announced rises and include a freeze on personal tax thresholds alongside other smaller steps. The tax take is projected to reach 38% of GDP in 2030–31. A two percentage-point rise in rates on property, savings and dividend income from April 2027 will raise landlords' tax burdens and may push up rents.
Read at www.independent.co.uk
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