Reeves Live | ‘BRITAIN WAS LEFT BROKEN’; UK Chancellor Rachel Reeves Explosive Speech | Starmer #HindustanTimes
Reeves Live | ‘BRITAIN WAS LEFT BROKEN’; UK Chancellor Rachel Reeves Explosive Speech | Starmer
Tory austerity wrecked productivity. Brexit hammered exports. And the war in Ukraine and President Trump’s tariffs have driven up the cost of borrowing. The Chancellor Rachel Reeves was clear who was to blame in her lecture to the nation this morning on the worsening state of the public finances, setting out the arguments for why she will, as now seems inevitable, raise income tax in the Budget later this month.
But hold on. In reality, she has only herself to blame – and the public will quite rightly never forgive either Reeves or her party for the huge betrayal that lies in store.
It was a high-risk gamble. Instead of surprising everyone in the Budget on November 26, Reeves chose to make a major speech, setting out the dire state of the economy. She specifically refused to rule out tax rises. It now looks certain income tax will go up. The purpose of today’s statement was to prepare the way for that. The only question that remains is how much income tax will go up, and whether it will be the basic rate, or just the higher rate that rises.
#RachelReeves #UKEconomy #UKFinance #PressConference #BritishPolitics #London #EconomicPolicy #UKBudget #FiscalPlan #Inflation #DRMNews #WorldNews #Economy #Finance #BreakingNews
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