Rachel Reeves's 2024 budget marks a significant shift towards social democracy, emphasizing public service funding, tax increases, and a proactive state role in economic growth.
Reeves's budget rejects previous austerity measures, opting instead to back public services and growth through increased taxes and borrowing, diverging sharply from Conservative policies.
Paul Johnson highlights Reeves's budget as embodying major choices and a clear policy shift, which distinguishes Labour’s traditional approach from Conservative principles.
The concern about whether Reeves's strategies will effectively improve living standards remains, yet the fundamental difference between Labour and Conservative policies is undeniable.
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