Rachel Reeves, Budget
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Reeves raises taxes by £26bn
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They’re highly paid, gaining power and influence — and about to get a reality check on their own personal balance sheets.
RACHEL Reeves’ Budget was last night blasted as a bonanza for benefit claimants — by critics including her own uncle. Terry Smith, 73, joined a long line of detractors after the Chancellor
The much respected Institute for Fiscal Studies has given its verdict on the Budget and warned Labour will struggle to keep to its spending plans ahead of the next general election
Rachel Reeves' tax-hiking Budget has backfired spectacularly, with bookies slashing odds on her leaving the job in 2026 to just 1/2 after the announcement.
But Sir Keir said those supporting the cap stood for "moral failure and an economic disaster". "This Government is picking up the tab for a failed social experiment which has punished working families and directly pushed hundreds of thousands of children into poverty," he said.
Reeves and Starmer swerved the alternative of a righteous public execution: breaking the letter of their pledge by openly raising tax rates to enable a fast delivery of “change” in public services. This is therefore a defensive budget, and their caution is understandable.
JOBLESS parents hailed Rachel Reeves’ quids-for-kids Budget as “a dream come true” yesterday and vowed to cash in by sparking a baby boom. They spoke of their joy after the Chancellor scrapped the