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Story summary
- Chancellor of the Exchequer Rachel Reeves faces pressure to raise taxes amid ongoing Middle East crisis.
- The Office for Budget Responsibility says tax burden could reach 38.5% of GDP by 2030, largely due to welfare spending.
- Critics including former Chancellor Sir Jeremy Hunt say £66 billion in tax hikes in Reeves's tenure harm growth.
- Reeves says her plans will stabilize the economy despite inflation, rising energy costs, and 5.3% unemployment.
