Reeves accused of misleading public on Budget black hole to justify 26bn tax raid
Briefly

Reeves accused of misleading public on Budget black hole to justify 26bn tax raid
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Rachel Reeves has been accused of misleading the public on the state of the country's finances to justify 26bn worth of tax hikes in her Budget. There had been dire warnings that the chancellor faced a 20bn black hole, and in an extraordinary speech on 4 November, she signalled higher taxes were likely, blaming Donald Trump's tariff war and the budget watchdog's expected downgrade of economic productivity for the hard choices she would be forced to make."
Rachel Reeves has been accused of misleading the public about the state of the country's finances to justify 26bn of tax hikes in her Budget. She warned of a 20bn black hole and, in a speech on 4 November, signalled higher taxes, blaming Donald Trump's tariff war and an expected downgrade of economic productivity by the budget watchdog. The Office for Budget Responsibility informed her days earlier that the economic outlook had significantly improved and that she faced a 4.2bn surplus rather than a deficit. Tory leader Kemi Badenoch demanded her sacking, alleging lies and bribery; Downing Street denied any misleading of the public and markets.
Read at www.independent.co.uk
Unable to calculate read time
[
|
]