US EditionComing up: Kemi Badenoch Responds to Rachel Reeves' Pre-Budget Speech
- Rachel Reeves, the Chancellor, warned that tax increases are likely to address a £50 billion black hole in public finances, stating, 'we will all have to contribute' to build a new future for Britain.
- Following Reeves' speech, the pound fell to a six-month low against the dollar, reflecting market concerns about potential tax rises.
- Opposition leaders criticized Reeves' pre-Budget address, with Kemi Badenoch calling it a 'long waffle bomb.'
- Concerns within Reeves' party are growing about breaking previous manifesto commitments, with Labour backbenchers expressing anxiety over tax hikes.
13 Articles
13 Articles
Reeves ‘really didn’t tell us anything’ in pre-budget speech, says economist
We spoke to economist Paul Johnson who is Provost of Queen’s College Oxford and formerly the director of the Institute of Fiscal Studies. They warned before the last election that the political parties weren’t being honest about taxes and spending. We began by asking him if he felt vindicated.
The Independent
The Independent (US)Reeves puts Britain on notice of sweeping tax rises in Budget
Chancellor warns ‘we will all have to contribute’ to fixing Britain’s public finances
WATCH IN FULL: Rachel Reeves delivers pre-Budget speech - 'We will get debt under control!'
Chancellor Rachel Reeves has refused to rule out tax increases, saying she will make the “necessary choices” in her upcoming Budget.Speaking ahead of the announcement, Mrs Reeves said the past 12 months have brought “even more challenges” and pledged that her Budget would focus on both growth and fairness.The Chancellor is expected to unveil potential tax rises on November 26, despite Labour having promised in its general election manifesto not …
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