Taxing more to cut the debt

增收税以削减债务

World Business Report

2025-11-27

8 分钟
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The UK's net financial debt this year will be £2.6tn, meaning "one in every £10 the government spends is on debt interest". How are UK markets reacting to this? Leanna Byrne examines with our experts. Also, in Australia, two 15-year-olds are taking their government to court over a new law that bans anyone under 16 from using social media. And Iran is bringing in a higher fuel price, but only in certain situations. Presenter: Leanna Byrne Producer: Ahmed Adan Editor: Justin Bones
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  • In Australia,

  • two teenagers are taking on the country's ban on under-16s using social media and Iran is trying to tackle its cheap petrol problem.

  • The UK's government has raised taxes to an all-time high.

  • The tax rises worth $34 billion came in after last year's budget put up taxes by $53 billion.

  • And that money will be put towards reducing the country's debts.

  • Here's Britain's Finance Minister, Chancellor Rachel Reaves.

  • Our net financial debt this year will be £2.6 trillion, 83% of GDP,

  • meaning that today One in every £10 that government spends is on debt interest.

  • So what are the big takeaways for everyday people?

  • The big takeaway for me though is on landlords.

  • Another 2% increase in the tax that they pay.

  • I just worry that it's going to break some people.

  • Well,

  • we're really delighted actually by some of the announcements in the budget today and particularly the removal of the two-child limit.

  • It's not very good at the moment, I'm afraid.

  • People's, they're working, they're getting nothing in return for it.

  • Everything's gone up.

  • Housing, bills, everything.