Rachel Reeves gambled on a 40bn tax rise in Wednesday's historic Budget, in hopes of boosting public services and growing the economy. Describing the increase as a record, Reeves stated that it, coupled with a massive 32bn in extra borrowing, was vital to fix broken Britain. She noted that her measures were the responsible choices necessary to restore stability, especially criticizing the Tory legacy for necessitating such actions.
During her 77-minute speech, Rachel Reeves confidently addressed the House of Commons, mocking opponents and reminding them of the economic challenges faced due to the previous administration. She specifically criticized Rishi Sunak, highlighting his affection for private jets, and acknowledged her predecessor Kwasi Kwarteng's mini-budget as not being ideal. Reeves emphasized the need for her tax rises as a means to protect working people.
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