AT A GLANCE: ISA REFORMS, FUEL

DUTY, 'MANSION TAX' AND MORE

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A LOOK at the tax rises and cost-ofliving measures the Chancellor announced at the Budget yesterday at a glance.

Economic growth

The OBR has increased its forecast for economic growth this year from 1% to 1.5% but downgraded its forecasts for the following four years.

Growth has been downgraded in 2026 from 1.9% to 1.4%, in 2027 from 1.8% to 1.5%, in 2028 from 1.7% to 1.5% and in 2029 from 1.8% to 1.5%.

Fiscal headroom

The amount of headroom the Chancellor has against economic shocks has been raised by tax hikes in the Budget, according to the OBR.

The leeway the Government has against the Chancellor's day-to-day spending rule will widen to £22 billion in 2029-30, £12 billion more than in March, the Budget watchdog said.

Income tax thresholds

The Chancellor will extend a freeze of income tax thresholds until 2030, a move previously described as a "stealth" tax rise, but which Ms Reeves billed as "asking everyone to make a contribution".

This will drag more people into paying the tax for the first time, and others into paying a higher rate as wages rise.

The OBR said the freeze in tax thresholds would result in 780,000 more basic-rate, 920,000 more higher-rate and 4,000 more additional-rate income tax payers in 2029/30, and estimated it will raise about £7.6 billion in 2029-30.