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The Independent UK

Anna Wise

Budget 2025: Experts reveal which tax increase will have ‘least damaging’ impact

Economy Income Tax Rachel Reeves Niesr United Kingdom

With Chancellor Rachel Reeves set to unveil her autumn Budget, the government faces pressure to raise revenues.

Economic analysis released in October suggests that for the Chancellor, hiking income tax would be the "least damaging" option for the economy compared to increasing VAT.

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Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

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One subscription that gives you access to news from hundreds of sites

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