Faisal Islam: We are heading for significant tax rises9 hours ago Share Save Faisal Islam • @faisalislam Economics editor Share SaveEPATwo very different reports have reignited UK economic gloom over the past four days. Monthly GDP figures are notoriously volatile, and what does a debt forecast for 2075 even begin to mean? The report also cited a pattern, over multiple governments, of U-turns on tax and spending changes. The big picture is that this autumn's Budget may see £10bn to £20bn of further tax rises. Netting revenueSo we are heading for significant tax rises.