The National Institute of Economic and Social Research (NIESR) put is it as well as anyone. “Today’s Budget locks in a high-tax, high-debt steady state in a world of low productivity growth and higher interest rates. Even the historically large tax share of GDP now planned is only just enough to stabilise – not reduce – a debt ratio stuck around 100 per cent of GDP for the … [Read more...] about UK Budget 2025? Get real. The world has changed