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Rachel Reeves says public ‘angry at unfairness’ in economy ahead of Budget
Chancellor Rachel Reeves aims to address public frustration with a mix of tax rises and support measures including a 4.1% minimum wage increase and scrapping the two-child benefit cap.
- On Wednesday, Chancellor Rachel Reeves will use the Budget to introduce measures to tackle the cost-of-living crisis and keep backbench Labour MPs on side amid expected tax rises.
- Chancellor Rachel Reeves said people are `angry at unfairness` in the economy, blaming severe damage from austerity, Brexit and the pandemic while seeking more fiscal headroom without returning to austerity.
- Reeves is reportedly adopting a `smorgasbord` of tax rises, including a mansion tax on properties worth more than 2 million and pay-per-mile EV charges.
- The budget is vital to Reeves and Sir Keir Starmer's political survival as Reeves calls tax rises `fair and necessary` while farmers plan Budget-day protests restricted by the Metropolitan Police.
- Reeves will push the `biggest drive for growth in a generation` with roads, rail and housing investments, accept Low Pay Commission advice to raise the national living wage next year, and prioritise growth after an Office for Budget Responsibility downgrade last month.
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Coverage Details
Total News Sources40
Leaning Left6Leaning Right2Center27Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
L 17%
C 77%
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