Post by borgr0 on Nov 13, 2024 0:58:15 GMT
bylinetimes.com/2024/10/30/rachel-reeves-budget-is-far-from-the-radical-plan-the-conservatives-are-claiming/
So is this a dramatic return to Labour tax and spend? Well once you strip away the spin, what is striking about Reeve’s budget is not its radicalism but its conservatism. This was a pretty orthodox budget by an orthodox chancellor.
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The bulk of the £40 billion in tax rises that Reeves announced simply reverses the two Conservative pre-election national insurance cuts .. and the proceeds will be used to fill gaping holes .. that the Office for Budget Responsibility itself had described as a “work of fiction”.
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The bulk of the £40 billion in tax rises that Reeves announced simply reverses the two Conservative pre-election national insurance cuts .. and the proceeds will be used to fill gaping holes .. that the Office for Budget Responsibility itself had described as a “work of fiction”.
