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

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. Dan CharityRachel Reeves’ £40bn tax raid will make mortgage rates and inflation higher, a spending watchdog has warned[/caption] The OBR said while the economy will grow faster in the short-term, by 1.1 per cent this year and two per cent

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