Labour's Budget Raises Concerns: 125,000 Jobs at Risk and £10 Billion Off Economy


Labour's Budget Raises Concerns: 125,000 Jobs at Risk and £10 Billion Off Economy

Analysts Warn of Job Losses

Around 125,000 jobs are in jeopardy due to Labour's inheritance raid, with analysts cautioning about the potential impact on the economy.

Family Firms and Farmers Express Anger

Rachel Reeves faces backlash as family firms and farmers express anger over the tax-raising measures in the Budget, with concerns raised about the cap on business property relief.

Economic Impact Projections

CBI Economics predicts a significant impact, with job losses, reduced investment, and a decrease in the value of the economy's goods and services by £9.4 billion by 2030.

Industry Reactions

Industry experts and business owners warn that changes in inheritance tax policies could hinder investment and threaten the viability of family firms, urging for a reconsideration of the proposed measures.

Treasury's Response

The Treasury defends the Budget decisions, stating that tough choices were necessary to strengthen the country's foundations and support economic stability for businesses to thrive.


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