Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden
1 month, 3 weeks ago

Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden

Daily Mail  

This video is no longer available This video is no longer available Rachel Reeves admitted Brits will see lower wages as a result of her Budget mega-raid today - amid warnings she will be back for more. Rachel Reeves on a visit to a hospital in Coventry with Keir Starmer today after delivering her Budget The OBR said the Budget measures will take the tax burden to a record 38 per cent of GDP The OBR warned that interest rates are likely to stay high for longer due to the Budget The Budget tax hike rivals 1993's eyewatering revenue-raiser in the wake of Black Wednesday - and might be even bigger if measured at current prices rather than as a proportion of GDP Chancellor Rachel Reeves refused to rule out further rises as she toured broadcast studios this morning in the wake of her extraordinary £40billion raid Some 76 per cent of the total cost is expected to be felt through a combination of a squeeze on pay rises and increased prices. Dodging on whether there will need to be more tax rises, Ms Reeves told Times Radio: 'I'm not going to be able to write future budgets, but look, this was an exceptional Budget. Sir Keir defended the Budget alongside Ms Reeves today In the most Left-wing Budget for decades yesterday, the Chancellor pushed taxes to their highest level in history and relaxed government borrowing rules to finance a massive spending spree. In a warning to millions of 'working people', the economic watchdog predicted that the Chancellor's Budget measures would fuel inflation, push up mortgage rates and squeeze wages.

History of this topic

Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget
5 days ago
UK economy shrinks again in another blow to Reeves, new figures show
1 week, 3 days ago
Is Rachel Reeves’ spending review a veiled return to austerity?
1 week, 5 days ago
Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike
2 weeks, 3 days ago
Labour's tax bomb budget causes business confidence to crash to lowest levels since Covid as entrepreneurs accuse Rachel Reeves of undermining growth
3 weeks, 1 day ago
UK business confidence lowest since COVID pandemic, IoD says
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3 weeks, 1 day ago
Starmer and Reeves row back from ‘no more borrowing or taxes’ pledge
3 weeks, 5 days ago
Businesses in UK say budget will stifle growth
3 weeks, 5 days ago
'Labour are treating businesses like a cash cow to be milked': Anger against Rachel Reeves' £40 billion 'tax-bomb' Budget grows - despite Chancellor ruling out further tax rises
4 weeks ago
Rachel Reeves brushes off business: Chancellor tells angry business chiefs nobody has any 'alternatives' to her massive Budget tax raid - despite half of firms warning of job cuts
4 weeks ago
CBI chief hits out at Reeves after firms face ‘heavy burden’ from tax rises
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1 month ago
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Reeves accused of business ‘betrayal’ as top bank warns over tax hikes
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Reeves unleashes surge in public sector pay rises
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Pay growth slumps to near four year low
1 month, 2 weeks ago
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Reeves faces grilling by MPs over Budget measures
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1 month, 2 weeks ago
Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom
1 month, 2 weeks ago
James Dyson condemns Rachel Reeves’s Budget ‘tractor tax’ as ‘spiteful’
1 month, 2 weeks ago
Chancellor: I was ‘wrong’ on taxes during election
1 month, 2 weeks ago
Rachel Reeves plots pensions industry 'big bang' for investment as she scrambles to stop Budget squeezing growth... while poll finds four in 10 Brits believe high-tax package WILL hit their pockets
1 month, 2 weeks ago
Reeves insists Labour will secure growth as she defends Budget choices
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What the Budget means for different ages: From renters and families to the retired
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1 month, 3 weeks ago
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1 month, 3 weeks ago
BORIS JOHNSON: Rachel Theeves has taken aim at the UK economy and - with sheer cold-eyed malevolence - socked it squarely on the mazzard
1 month, 3 weeks ago
Financial market worries over the UK budget appear to ease
1 month, 3 weeks ago
Voters slam Labour's tax and spend Budget: Only a fifth of Brits think Rachel Reeves' blueprint will boost the economy and half oppose Chancellor squeezing firms to fill Treasury coffers
1 month, 3 weeks ago
Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists
1 month, 3 weeks ago
Chancellor seeks to calm markets amid jitters after Budget borrowing spree
1 month, 3 weeks ago
Martin Lewis blasts Rachel Reeves for not coming on his ITV Money Show as he tears apart Autumn Budget in a brutal rant
1 month, 3 weeks ago
Chancellor Rachel Reeves finally admits her National Insurance rise will hit working people
1 month, 3 weeks ago
Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s
1 month, 3 weeks ago
US employers rethink plans for UK after Reeves’s £25bn jobs tax
1 month, 3 weeks ago
Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank
1 month, 3 weeks ago
Labour's tax on farmers may prove to be the defining blunder of the Reeves' budget, warns ALEX BRUMMER
1 month, 3 weeks ago
Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’
1 month, 3 weeks ago
Reeves admits NI hike could hit pay rises while markets react to borrowing spree
1 month, 3 weeks ago
Has the Reeves Budget made it through Day 2 relatively unscathed?
1 month, 3 weeks ago
Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest
1 month, 3 weeks ago
Watch: Starmer and Reeves speak after Labour’s £40bn tax-raising Budget
1 month, 3 weeks ago
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
1 month, 3 weeks ago
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1 month, 3 weeks ago

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