"Tax rises for good reasons, they argue, as their critics to the Right argue spending, benefits and taxes are out of control. At the heart of this Budget was the chancellor choosing to tax big and spend big. Don't take my word for it: the Institute for Fiscal Studies says that "if an election were held tomorrow, the overall tax rises announced in this parliament would exceed those announced in any other since at least 1970.""
"Rachel Reeves argues doing so means the government can do what party figures regard as "good Labour things" like the decision to scrap the two-child limit on the child element in Universal Credit. "The removal of the two-child limit will lift 450,000 children out of poverty, rising to around 550,000 alongside other measures announced this year, such as the expansion of free school meals," the government's Budget document proudly declares."
The chancellor chose to raise taxes and increase public spending, producing what government figures present as a Labour-oriented Budget. The Institute for Fiscal Studies calculates that the overall tax rises announced in this parliament would exceed those announced in any other since at least 1970. The Budget removes the two‑child limit in the Universal Credit child element, which the government says will lift roughly 450,000 children out of poverty, rising to about 550,000 when combined with expanded free school meals. The measure delighted many Labour MPs, though some in the party note polls showed support for retaining the cap. The government claims that by decade's end all but the richest 10% of households will benefit.
Read at www.bbc.com
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