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Reeves unveils tax rises and end of two-child benefit cap after accidental leak of policy measures
The Autumn Budget introduces a £26 billion tax increase by 2029-30, including a mansion tax on homes over £2m and a pay-per-mile charge on electric vehicles, says the Office for Budget Responsibility.
- Chancellor Rachel Reeves unveiled tax rises and the end of the two-child benefit cap in the Autumn Budget after an accidental leak of policy measures.
- Tax thresholds will be frozen for an additional three years, a mansion tax will be introduced on properties worth more than £2m, and a new mileage-tax on electric cars will be implemented.
- The two-child benefit cap, which limits the amount of benefits parents can claim for their third child or subsequent children born after April 6, 2017, will be scrapped from April in an effort to reduce child poverty at a cost of £2.3bn to the government.
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Reeves Breaks Manifesto Pledge as She Raises Taxes by £30 Billion
Rachel Reeves is to breach Labour's election manifesto pledge as she raises taxes by £30 billion in her Budget, according to official forecasts accidentally published before her speech in the Commons. The post Reeves Breaks Manifesto Pledge as She Raises Taxes by £30 Billion appeared first on The Daily Sceptic.
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Total News Sources14
Leaning Left1Leaning Right5Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 42%
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