Tag: Office for Budget Responsibility

Reeves’ £26bn tax hike shocks UK as Labour’s support plummets to 20%

Posted by Daxton LeMans On 28 Nov, 2025 Comments (0)

Reeves’ £26bn tax hike shocks UK as Labour’s support plummets to 20%

Chancellor Rachel Reeves unveiled a £26bn tax hike to appease bond markets, triggering a living standards crisis and plunging Labour’s support to 20%. The OBR warns of long-term damage as Starmer’s government faces collapse ahead of May 2026 elections.

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