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At least the budget is over, months of speculation, leaks and u-turns has made it one of the most feverish of budgets. This budget fever even slowed down the economy, with consumers holding back to see what taxes would go up. In the end the budget basically boils down to more spending, more tax and more borrowing. Taxes will now rise to 38.2% of GDP, the highest level since the second world war. 0:00 2025 Budget 2:56 Living Standards 6:28 Living Costs 8:49 Hidden Spending Pressures
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