Chancellor Rachel Reeves has firmly stated that there will be no further tax rises to support public spending, aiming to foster business confidence for the future.
During her address, she asserted, 'Public services now need to live within their means because I'm really clear, I'm not coming back with more borrowing or more taxes'.
Reeves' recent tax decisions, especially the increase in employers' National Insurance, reflect a balancing act between funding public services and maintaining a favorable business environment.
While Prime Minister Starmer didn't repeat Reeves' tax commitment, concerns remain among the opposition about the potential negative impact on economic growth and hiring.
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