Taxes hiked to an 'all-time high' by Rachel Reeves as growth forecuts for the UK cut

Contributing sentiments towards policy:

63% : The combination of measures means that tax as a share of the economy - the tax-to-GDP ratio - will "increase to an all-time high of 38.3%" in 2030/31.
56% : A high-value council tax surcharge on properties worth more than £2 million will raise £0.4 billion in 2029/30. - Debt will rise from 95% of GDP this year to 96.1% by the end of the decade.
55% : "I can keep that contribution as low as possible because I will make further reforms to our tax system today to make it fairer and to ensure the wealthiest contribute the most," she said.
54% : The policy, which applies to income tax and national insurance contributions, will rake in £8.3 billion for the Exchequer in 2029/30 and the freeze will extend to 2030/31.
54% : Other personal tax changes include £4.7 billion through charging national insurance on salary-sacrificed pension contributions, and £2.1 billion through increasing tax rates on dividends, property and savings income by two percentage points.
53% : The freeze in thresholds will result in 780,000 more basic-rate, 920,000 more higher-rate, and 4,000 more additional-rate income tax payers in 2029/30.
51% : Scotland has a separate income tax system.
49% : Ms Reeves acknowledged the freeze in tax thresholds would hit "working people" - the group Labour had promised to protect - but she was "asking everyone to make a contribution".
46% : The measures contribute to a tax burden that will rise to an "all-time high" in 2030/31.
43% : More than 1.7 million people will face paying more income tax as she froze thresholds, meaning people will be dragged into paying the tax for the first time or shifted into higher bands as earnings increase.
34% : The OBR confirmed Rachel Reeves's Budget "raises taxes by amounts rising to £26 billion in 2029/30, through freezing personal tax thresholds and a host of smaller measures".

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