Highfield Conservatives

The OBR has broken **the entire Budget**. It's extraordinary. Completely unprecedented. Hyperbole doesn't do it justice Reeves will unveil £26billion in tax rises, ultimately leaving her with £22billion worth of fiscal headroom * The tax burden will hit a record 28 per cent as a proportion of GDP in 2031 * The freeze in income tax thresholds raises £8billion. It will lead to 780,000 more basic rate taxpayers and 920,000 more higher rate taxpayers * The tax raid on pension contributions raises £4.7billion * Pay per mile levy on electric cars raises £1.4billion * Cuts to writing down capital allowances £1.5billion * Gambling taxes £1.1billion