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Evening Standard

David Hughes

Tax burden heading to ‘uncharted territory’ with risk to growth, OBR warns

OBR David Miles Rachel Reeves GDP Resolution Foundation United Kingdom

Chancellor of the Exchequer Rachel Reeves in Downing Street ahead of the spring statement (Aaron Chown/PA) - (PA Wire)

The historically high tax burden could be stifling growth, a senior member of the budget watchdog has warned.

The Office for Budget Responsibility (OBR) slashed its growth forecast for 2026 but has signalled modest improvements in 2027 and 2028.

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