Treasury watchdog alert for Labour on tax hikes to cover soaring spending: OBR warns 50m Brits - including minimum wage workers - could end up paying 40% rate

The Treasury watchdog warns Labour that tax hikes may be needed to fund increased spending, with the Office for Budget Responsibility (OBR) forecasting 50 million Brits, including minimum wage workers, could face a 40% tax rate. The alert highlights potential financial strain on a large segment of the population.