Rachel Reeves faces backlash over £40bn Budget hike
Rachel Reeves has shockingly admitted she was wrong to say before the election that taxes would not have to rise. The Chancellor vowed there will be no more hikes after her £40bn Budget shock.
Focus on reforming public services and boosting economic growth
Reeves insisted her focus will now shift to reforming public services and boosting economic growth after facing a backlash over her previous statements.
Pledge for no further tax burdens in the future
Reeves promised taxpayers will not face further burdens in the future as Labour aims to "wipe the slate clean" after what she described as the Tories’ "mismanagement."
Economic growth to help avoid more tax rises
Economists warn that current spending plans may require the Chancellor to find £9 billion more after next year to avoid austerity. Reeves, however, is banking on economic growth to prevent further tax increases.
Upcoming reforms to pensions, welfare, and industrial strategy
Reeves is expected to unveil a series of reforms to pensions, welfare, and industrial strategy in the coming weeks as part of her plan to navigate the economic landscape.
