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world · 3 outlets · 3 linked reports

UK Hikes Taxes to a Record High as Growth Forecasts Slide

2026-07-06

AI-assisted: summaries and questions may be incomplete or incorrect. Verify important details with the linked original reporting.

Summary

Chancellor Rachel Reeves's Autumn 2025 budget raised taxes by about £26 billion, set to push the UK tax burden to a record 38% of GDP by 2030-31.
From April 2026, dividend tax rates rise 2 percentage points and the two-child benefit cap is scrapped, which Reeves says will lift thousands of children out of poverty.
The OBR downgraded 2026 growth to 1.1% (from 1.4%) at the Spring 2026 Statement, alongside weaker household-income projections.

The question

Higher taxes are a price worth paying for stronger UK public services.

Original reporting

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