Posted in News Reeves admits there is no ‘ceiling’ on the tax burden as government borrowing hits new record outside Covid in June – with £16bn spent on debt interest alone July 22, 2025 Challenged on whether taxes at around 38 per cent of GDP represented a ‘ceiling’, the Chancellor stressed that her rules only covered spending and debt. https://www.dailymail.co.uk/news/article-14929463/Reeves-ceiling-tax-burden-government-borrowing-record-Covid-June-debt.html?ns_mchannel=rss&ns_campaign=1490&ito=1490