Taxes to raise “two years” for thanks
The report said that the British are facing two years of modest growth “as the high tax under the work takes its money.
With the last rhythm of Rashil Reeves before the budget in November, KPMG said he expected 1.2 percent this year and 1.1 percent in 2026.
The number of the following year will lead to a specific warning, given a 1.9 percent office in March.
The decrease in this future budget will determine additional problems in the strategies of the advisers, as it faces a black lunch of money, which is estimated anywhere between 20 billion pounds, 50 billion dollars and 50 billion dollars.
“While the economy shows tolerance at the beginning of the year, the second half appears to be more specific. The higher tax rent has been reduced, the weakness of the land and consumers consumers to 2026,” said Gayel Silvin, the UK’s KPMG economy.
He added: ‘The government is facing a difficult measurement procedure. Difficult financial decisions say that the increasing pressure of health care and defense, in addition to weak growth. ‘
Under pressure: Rachel Reeves is accused of building the “economic perishing ring” by increasing the tax from the cost
Last week, the consultant was closely to build a “comic economic link” for taxes instead of financing, with his budget plan.
40 billion pounds of taxes announced the first budget in October. But since then, the economy has suffers from a shortage of deficiency, unemployment has been exposed to 4.7 percent, and doubles doubles in 3.8 percent of the improvement economic team.
KPMG expects a decrease in 2 cents in late 2026, which is 4 percent at the top autumn. The report says that “local service settings remain stubborn” as National Cesars for National Insurance exports prices.
It also indicates that the labor market “will deteriorate in 2025 and 2026” due to the lack of jobs from its current estimates to 4.9 percent the following year.
But while many audiences expected that the bank had decided interest rates and this year, KPMG believes that one decrease in Christmas.
This will be welcomed by the prospects for cheap financial obligations and companies that take the loan.
“Without inflation, the bank is expected to reduce interest rates and in 2025, which leads to about 3.75 percent of the end of the year,” KPMG said. “Whenever additional consumption is 2026, it takes less than 3.25 percent.”
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