Chancellor’s £40bn tax raid weakens future growth and inflation will be higher, spending watchdog warns

Chancellor’s £40bn tax raid weakens future growth and inflation will be higher, spending watchdog warns …C0NTINUE READING HERE >>>

FUTURE growth has been weakened by the Chancellor’s £40billion tax raid, while mortgage rates and inflation will be higher, the spending watchdog says.

Rachel Reeves’ claim that Labour was on a “mission for growth” was swiftly undone by GDP prediction figures released by the Office for Budget Responsibility.

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Rachel Reeves’ £40bn tax raid will make mortgage rates and inflation higher, a spending watchdog has warnedCredit: Dan Charity

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The OBR said while the economy will grow faster in…

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