The Chancellor announced in her first Autumn Budget that the government will raise taxes by £40 billion to address the public finances' £22 billion deficit.
Rachel Reeves highlighted that the Labour Party inherited 'broken' public finances from the Conservative Party which has resulted in deteriorating public services like crumbling schools and increased NHS waiting times.
Reeves contended that the Conservative Party's complete mismanagement has created this 'black hole' in finances, stating, 'This is the country's inheritance from the party opposite.'
The Chancellor confirmed a significant increase in minimum wage, with a 6.7% rise to £12.21 and a record 16.3% rise for those aged 18 to 20, emphasizing Labour's commitment to supporting working people.
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