Rachel Reeves is set to unveil Labour's first Budget in 15 years, amid unprecedented fiscal challenges and a projected £22 billion shortfall, indicating likely tax rises.
Prime Minister Sir Keir Starmer stated that balancing the budget will involve difficult decisions, acknowledging that measures such as tax hikes and spending cuts are inevitable.
Despite Labour's manifesto promise not to tax working people, financial constraints could pressure the government into breaking that pledge as they confront fiscal realities.
The impending announcement of Labour's Budget has reignited discussions on public spending cuts and potential risks involved in keeping campaign promises amidst economic pressures.
Collection
[
|
...
]