Tax, spend, borrow and grow?

This report provides an analysis of the UK’s new fiscal policies aimed at balancing growth, tax increases, and public investment. Key takeaways include:

• Largest tax hike since 1993, with tax burden projected to reach 38.2% of GDP by 2030.
• Public spending focuses on healthcare, education, and clean energy, with a £100 billion investment over five years in sectors like carbon capture and electric vehicles.
• New fiscal rules target reduced deficits, with a focus on long-term infrastructure and regional empowerment initiatives.

For a comprehensive analysis of the budget’s implications, access the full report.