ReferIndia News UK Budget: Stealth tax hits affluent, future wealth taxes loom

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UK Budget: Stealth tax hits affluent, future wealth taxes loom

Published on: Nov. 30, 2025, 11:29 p.m. | Source: The Economic Times

Britain's latest budget introduces new taxes, affecting affluent individuals and potentially causing a brain drain. Chancellor Rachel Reeves faces challenges in balancing promises and economic forecasts. The government's tax plans aim to support the NHS, but concerns arise about professionals leaving the country. The article suggests Britain needs to focus on domestic business growth and retaining wealth.

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