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Increased Borrowing Could Mean Increased Taxes, Experts Warn - Rotherham Taylor Chartered Accountants

Summary by Rotherham Taylor Chartered Accountants
Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor may have little choice but to plug the gap with tax rises, spending cuts or changes to fiscal rules if elevated levels of borrowing persist. While nothing is confirmed, several areas are drawing speculation. Income Tax Extending the Income Tax threshold freeze beyond 2028 could push million…
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Rotherham Taylor Chartered Accountants broke the news in on Tuesday, June 3, 2025.
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