Britain has fallen to 25th in global personal tax competitiveness rankings following a £25bn employer tax raid last year. The UK ranks poorly for corporate and property taxes, raising concerns about investment and productivity growth. Pressure mounts on Chancellor Rachel Reeves ahead of the Budget amid fears of more tax hikes. Economists warn against further tax raids, as businesses and individuals could bear the burden. Jet2 CEO Steve Heapy voices worries about tax rises impacting middle England and holiday costs. Shadow business secretary Andrew Griffith urges against additional tax increases.

Read more at “The UK Economy Ranks 7th in Global Warning Signs Index” – Reuters

“Rachel Reeves Prepares for Budget Amid New Economic Ranking” – finance.yahoo.com: Britain slips down global personal tax ranking after Reeves raid