Rachel Reeves will usher in a Budget defined by strict economic measures, marked by the involvement of the Office of Budget Responsibility, contrasting sharply with Truss's chaotic approach.
The upcoming Budget represents a significant global economic pivot where looser monetary policies, such as falling interest rates, coincide with tighter fiscal strategies involving tax increases.
After a lengthy wait following the elections, the new government's approach contrasts with Truss’s reign, focusing on stability while addressing economic uncertainty affecting consumer and business confidence.
Business leaders express that while they can handle tax increases, the lack of clarity and prolonged uncertainty surrounding economic policies remains a detrimental factor for investment.
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