Chancellor's Budget: Tax Hikes, No Spending Cuts

Following a massive tax raid, Rachel Reeves, the Chancellor, faces criticism for potential tax increases next year. Despite promises not to raise taxes on working people, she hints at more changes. The budget announcement revealed no significant spending cuts, with benefits spending projected to rise. Reeves aims for efficiency savings but avoids austerity measures. Critics question the budgets impact on peoples finances and economic growth. The Chancellor and Prime Minister face pressure, with long-term economic and public opinion effects yet to be seen.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.