Rachel Reeves, the first woman to deliver a government Budget, faced a 22 billion black hole in public finances while confirming 40 billion in tax increases.
The chancellor accused the previous Conservative government of concealing the true state of public finances, setting a tense backdrop for the first Labour Budget.
Watching public sentiment closely, the budget showcased how the new Labour government is trying to balance expectations with harsh fiscal realities presented to them.
Despite many predictions, certain anticipated measures were missing from the statement, including the expected extension of the threshold tax freeze.
Collection
[
|
...
]