Why is the UK raising taxes like we haven’t seen in decades?

The Minister of Finance, Rachel Reeves, decided to go ahead with a tax increase of 26 billion pounds, around 30 billion euros, to try to recover budgetary margin and show discipline in financial markets. The decision comes at a time when the independent body that oversees public accounts has revised productivity forecasts downwards and cut expected growth for the coming years, a clear sign that the British economy remains vulnerable.