LondonBritain’s tax burden will hit a record 38.6% of income.
Chancellor John Healey’s budget leaves living standards only 1% higher at the decade’s end, official forecasters say.
Higher inflation and debt, driven partly by the war with Iran, raised borrowing costs £14bn in a year.
Unprotected departments such as justice and higher education will lag inflation after 2028, forecasters say.
How each outlet framed it
drawn from 100+ reports worldwide
- BBC leans critical
- frames the tax burden as the war's fallout plus fiscal drag, noting real household incomes stay below the parliament start level
- Al Jazeera Online
- places the budget against the £3 trillion borrowing milestone and the £100bn annual debt-servicing cost
- Bloomberg Business
Sources: BBC, Al Jazeera Online, Bloomberg Business