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Rachel Reeves says Budget 'wiped slate clean' and vows no more borrowing or tax hikes


//politics-government.news-articles.net/content/ .. ean-and-vows-no-more-borrowing-or-tax-hikes.html
Published in Politics and Government on Wednesday, November 27th 2024 at 6:00 GMT by Brian Stokes   Print publication without navigation

  • Chancellor Rachel Reeves said she won't have to do 'a Budget like this ever again' as addressed an audience of business leaders following a backlash over tax hikes

Rachel Reeves, the Shadow Chancellor, has criticized the Conservative government's budget, claiming it has "wiped out" Labour's plans to invest in the UK's future. She argues that the budget, presented by Chancellor Jeremy Hunt, has left the country with higher taxes, increased debt, and no growth plan, effectively undermining Labour's fiscal strategies. Reeves highlighted that the government's decision to extend the windfall tax on oil and gas companies and freeze fuel duty would hinder Labour's proposed £28 billion green investment plan. She accused the Conservatives of lacking ambition and vision, stating that their policies would lead to economic stagnation and missed opportunities for growth and environmental progress.

Read the Full The Mirror Article at [ https://www.mirror.co.uk/news/politics/rachel-reeves-says-budget-wiped-34184838 ]

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