Rachel Reeves's first budget, which includes a £70 billion plan, has sparked discussions about the allocation of funds for the NHS and the implications of her "tax and spend" approach. Analysts are weighing the potential risks for the chancellor moving forward.
Chancellor Rachel Reeves is set to deliver the first Labour budget in 15 years, aiming to address a £40bn funding gap through proposed tax rises. As the government downplays surprises, attention will be on her investment announcements and market reactions, alongside the ongoing debate over bus fare caps, highlighting Labour's early challenges in power.
The chancellor is set to deliver the first Labour budget in 15 years, raising questions about public reception amid increased taxes and borrowing for public services. This momentous occasion contrasts with the party's campaign tone during the general election. Additionally, as the Conservative Party leadership contest enters its final week, Kemi Badenoch and Robert Jenrick are making headlines despite the budget focus.
Prime Minister Keir Starmer has stated that individuals who earn additional income from stock holdings do not qualify as 'working people.' This stance indicates a potential willingness to increase taxes on investors, while his government has committed to not raising taxes on those he defines as working people, including income tax and national insurance for employees.
With just nine days until Rachel Reeves's first budget, questions loom over the chancellor's planned spending on public services and potential tax increases to fund it. Cabinet ministers are reportedly feeling anxious about the upcoming financial decisions. Additionally, the government is seeking public input on improving the NHS.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
