Organizations warn that tax increases in the UK may further undermine economic confidence.

Jin10 data reported on October 16th that Russ Mould from AJ Bell stated in a report that if the UK government introduces unfavorable tax measures in the budget on November 26, economic growth could further deteriorate. He noted: “There are significant risks associated with tax adjustments, which may further weaken consumer and business confidence.” The latest data shows that the UK's GDP only rose slightly by 0.1% in August. Mould stated that the UK is facing a situation of “weak growth and a frail fiscal condition,” posing a severe challenge for Chancellor of the Exchequer Reeves.