UK households issued HMRC warning despite no tax rises in Spring Statement

UK households issued HMRC warning despite no tax rises in Spring Statement Reeves has announced further cuts to welfare benefits but no tax rises as the Office for Budget Responsibility (OBR) halved its forecast for UK economic growth in 2025. UK households issued HMRC warning despite no tax rises in Spring Statement Thousands of UK households face a rise in tax due to fiscal drag – despite not tax rises being confirmed by Labour Party Chancellor Rachel Reeves. Chancellor Reeves has announced further cuts to welfare benefits but no tax rises as the Office for Budget Responsibility (OBR) halved its…