The Treasury will rake in an extra £7bn per year in income tax than previously forecast thanks to frozen thresholds and wage growth, new analysis shows. The Office for Budget Responsibility (OBR ...

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While the chancellor was addressing MPs, the OBR delivered a blow as it said it expected growth to halve for 2025 from 2% to 1%. It is also forecasting that inflation will average 3.2% this year ...

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