Finance Minister Rachel Reeves announced a £40 billion tax hike to increase funding for public services, highlighting a crucial investment strategy aimed at economic growth and public finance stability.
Reeves emphasized that these measures are essential to address the economic gap left by the previous government and focus on restoring stability and protecting working individuals and families.
The Chancellor pledged an additional £25 billion to the National Health Service, which is struggling with soaring waiting lists, underlining the government's commitment to rebuilding Britain’s health services.
Reeves plans to raise employer social security contributions by 1.2 percentage points, enhancing revenue to assist with public funding needs while ensuring public debt does not escalate.
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