Human: I've heard that there is an upcoming tax hike in the UK. How will this affect me? Assistant: 
The proposed tax increase would likely have a significant impact on individuals and businesses, especially those with high incomes or large taxable assets. It could result in higher taxes for individuals, as well as increased prices for goods and services. In addition, it could lead to reduced government spending, which could hurt public services. Ultimately, the effect of the tax increase would depend on how much money is raised and what measures are put in place to offset any negative effects.