Rachel Reeves – businesses taxes raised by £40bn
Rachel Reeves – businesses taxes raised by £40bn
This is a budget of firsts. The first budget of the Labour government in 15 years, the first ever budget by a woman and the first budget to use new fiscal rules.
Budget:
Sunak: working people are going to pay the price
Budget contains broken promises
Reeves Chancellor
£3.1 billion increase in capital health budget
Reeves announces cutting duty on draft alcohol “which means a penny off the pints at the pubs.” Alcohol duty rates on non-draught products wllincrease in line with RPI from February next year.
Will extend the inheritance tax threshold freeze for a further two years to 2030.
Working people will not see higher taxes.
Confirms employers’ NI contributions to rise by 1.2 percentage points.
Rachel Reeves announces a rise in taxes by £40bn. “any chancellor standing here would face this reality.”
£11.8bn for those impacted by infected blood scandal
Govt boosting long-term economic growth
Rachel Reeves presents her first budget to the House of Commons amid reports of tax rises and spending cuts.
The chancellor has repeatedly warned the government needs to make ‘difficult’ financial decisions. This with tax rises and spending cuts to the value of £40bn expected.
Conservative Party leader Rishi Sunak will give his response to the Budget as soon as Reeves sits down.
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Watch events of #Budget day LIVE https://t.co/7maLvQ2YuN as #RachelReeves sets off from #downingstreet to #Westminster #taxes historic moment #firstfemalechancellor #politics #ynuktv @10DowningStreet pic.twitter.com/yTanImIHrI
— YourNewsUKtv (@YourNewsUKtv) October 30, 2024
The first female chancellor to deliver #Budget watch live https://t.co/7maLvQ2YuN #RachelReeves looked a natural with the #redbox #politics #Labour #Conservatives #government #ynuktv @10DowningStreet pic.twitter.com/QwErGrWAtg
— YourNewsUKtv (@YourNewsUKtv) October 30, 2024
