Taxes hiked to ‘all-time high’ by Reeves as growth forecasts cut

OBR apologises for publishing fiscal outlook earlyOBR: Tax thresholds freeze means more people will pay basic, higher and additional-rate taxesNew tax on £2m homes; mileage charge for electric vehicles; national insurance on salary sacrifice pension contributions above £2,000; changes to Isa rulesLower business rates for more than 750,000 retail hospitality and leisure properties; reduction in household energy bills after green levy scrappedRachel Reeves has announced tax rises amounting to £26 billion as she battles a downgrade in forecast economic growth.More than 1.7 million people will face paying more income tax as she froze thresholds, meaning people will be dragged into paying the tax for the first time or shifted into higher bands as earnings increase.The measures contribute to a t