Why Rachel Reeves chose a ‘smorgasbord’ of tax tweaks – and the risks involved in that approach
- Written by Shampa Roy-Mukherjee, Vice Dean and Professor in Economics, University of East London
Andrzej Rostek/ShutterstockChancellor Rachel Reeves has delivered her second budget, in which she raised taxes by £26 billion. This will take the UK tax burden to an all-time high of 38% of GDP by 2030-31. But it will also more than double Reeves’ “fiscal headroom” to £22 billion.
This fiscal headroom –...
