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If it moves, the government will tax it, writes James Hanson

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27.11.2025

By James Hanson

Welcome to Rachel Reeves’ Britain, where if it moves, the government will tax it. Having entered power 16 months ago with a pledge not to raise taxes on working people, the Chancellor has today raised the tax burden to a record 38% of GDP.

Our taxes were already at the highest level since the Second World War, but in today’s budget, Rachel Reeves has decided to go even further. It is as unwise as it is unfair.

When Labour won the last election, we were told their number one economic mission was growth. Yet within months, Reeves imposed a jobs tax on British business - by hiking national insurance contributions for employers. You didn’t need an economics degree to work out what the impact would be. Companies have stopped hiring, growth has stalled and unemployment........

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