Starmer confirms budget tax rises to prevent 'devastating' return to austerity
Monday, 28 October 2024 Sir Keir Starmer has confirmed there will be tax rises in the budget to prevent a "devastating return to austerity" and rebuild public services.
The biggest tax rises since 1993 and the highest overall tax burden since 1948. Labour warned that their first Budget in 14-and-a-half years would be a “once in a generation” event to match the scale of the challenge facing the country. Here are some of the key takeaways. Report by Brooksl. Like...
OBR Chairman Richard Hughes described Chancellor Rachel Reeves' Budget as one of the UK’s largest in terms of tax rises, with employer National Insurance contributions set to increase. This move is..
Institute for Fiscal Studies director, Paul Johnson, says "big tax rises and big borrowing" in the Budget were inevitable to improve public services and secure long-term investment.
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Monday, 28 October 2024
Sir Keir Starmer has confirmed there will be tax rises in the budget to prevent a "devastating return to austerity" and rebuild public services.
![OBR: Reeves' Budget will squeeze employee wages [Video]](https://video.newsserve.net/300/v/20241030/1391978702-OBR-Reeves-Budget-will-squeeze-employee-wages.jpg)
![IFS: Big tax rises inevitable for long-term investment [Video]](https://video.newsserve.net/300/v/20241030/1391974996-IFS-Big-tax-rises-inevitable-for-long-term.jpg)
