Britain’s tax wedge jumped 2.45 points in a year — 16 times the OECD average — as Reeves’s employer NI hike and frozen thresholds punish SMEs and shrink payrolls. Read more: UK employers saddled with sharpest tax rise in developed world, OECD finds
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The IMF has slashed Britain’s growth forecast by 0.5 points — the sharpest G7 downgrade — as Rachel Reeves arrives in Washington with inflation nearing 4%. Read more: Reeves flies into Washington as IMF brands Britain the G7’s biggest loser
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The OECD has called on Chancellor Rachel Reeves to launch an in-depth review of Britain’s “inefficient” tax system, warning distortions and loopholes are throttling investment and growth. Read more: OECD urges reeves to overhaul ‘inefficient’ UK tax system
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