Financial experts are warning the public to prepare for tax increases in the upcoming Autumn Statement. On November 26, Chancellor Rachel Reeves will outline her latest fiscal policies. Paul Barham, head of international private client tax at Forvis Mazars , said that tax hikes are "almost certain" as the Government is eager to avoid reducing public spending.

He said: "Tax rises are coming and will impact financial planning." Considering how the Government might boost tax revenues, he said: "Tax by stealth is more likely than any large-scale overhaul, due to promises made in the manifesto and repeated at the Labour party conference not to increase VAT, income tax or National Insurance.

"We can expect to see a continued freeze on income tax thresholds, a subtle but effective way to in

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