Labour's 'crushing' tax hikes worth £85BILLION a year - after Healey's Budget added another £7.5bn to burden

Résumé détaillé

Together, Rachel Reeves and John Healey have now announced increases projected to increase the burden by £85billion by 2031-32.

Published: 12:57 GMT, 13 November 2026 | Updated: 14:53 GMT, 13 November 2026

Labour has been accused of ‘crushing’ Britons with almost £85billion of tax rises.

Estimates from the Treasury watchdog have laid bare the scale of hikes implemented by Rachel Reeves and John Healey since Labour returned to power in 2024.

They are projected to increase the national tax burden by nearly £85billion by 2031-32.

The figures feature in a database of tax measures maintained by the independent Office for Budget Responsibility (OBR), and now updated to cover the latest fiscal package.

They show the blizzard of changes in the latest Budget were predicted to add a net £7.52billion a year to taxes by the end of the period.

Revenue-raisers included putting up levies on income from savings and property – although not the temporary extra charge on banks, which is due to have lapsed by 2031-32.

But the latest hit pales next to the £77billion of net increases that were announced when Ms Reeves was Chancellor.

The blizzard of changes announced by John Healey (pictured) in the latest Budget were scored as adding £7.52billion a year to taxes by the end of the period

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