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Rate remains at 12%
NHS, welfare reform, economic inactivity and more
Calls to address in Autumn Budget
Calls to slash IPT on PMI
Receipts hit £4.5bn so far this financial year
Investment and reform
Up £50m year-on-year
An increase of £33m from 2024's figure
Week commencing 21 April 2025
Figure up to £4.5bn
27 November 2025
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2 min read
