Rachel Reeves’ budget, the first by a Labor leader in 14 years, dominated the front page on Wednesday. According to the Metro newspaper, Mr Reeves announced a “huge package of investments”, particularly in schools and the health service, which will cost £40bn in extra taxes and rules that will allow the government to borrow £127bn this year. It is expected to be covered by changes.
The Financial Times said Mr Reeves would introduce the “biggest budget tax hike in a generation”, with corporations and the wealthy bearing the brunt, and that the changes were aimed at fixing the country’s finances and public services. Ta. The report added that the additional borrowing would fund an additional £100bn of capital spending on councils and usher in “a massive expansion of the state that will define the political battlegrounds for years to come”.
The Budget has been described by II as a “big £40bn tax gamble”. According to the paper, Mr Reeves wants to boost growth by increasing investment, but the changes are expected to cost households £300 a year, with the Office for Budget Responsibility (OBR) predicting that raising national insurance contributions for employers will lead to fewer jobs. It has been warned that it will cause a blow to the country.
The Guardian reported that the budget included an “emergency cash injection to the NHS” and that Mr Reeves was “betting on voters rewarding a government that turns around Britain’s crumbling services”.
According to the Times, the proposed budget brings the tax burden to an all-time high. In addition to increasing national insurance contributions for employers, the newspaper said there would be an increase in capital gains tax and a temporary freeze on income tax and inheritance tax thresholds.
A Halloween-themed headline in The Sun read: “At least she’s kept the pumpkin thing down!” There had been speculation that Reeves would end the fuel tariff freeze that has been in place since 2011, but he announced in a statement that he would extend it.
The increase in public spending will help “undo 14 years of Tory neglect”, reports the Daily Mirror. Additionally, the budget includes the repeal of tax breaks for non-dam and private schools, quoting Reeves as saying, “This is the beginning of a decade of renewal.”
The Daily Telegraph said the tax hike would “shatter hopes of further growth” and “damage living standards”. The report adds that the OBR has revised downward its growth forecasts for most of the decade, and cites economists’ warning that the “sugar rush” of economic growth due to increased government spending will soon subside. .
And the Daily Mail reported that Ms Reeves had made a “tax bombshell on Britain’s hard-working people” and that the OBR’s “bleak” predictions “made a mockery of her ambition” to become the most pro-growth prime minister in history. Ta.
Rachel Reeves’ budget, the first by a Labor leader in 14 years, dominated the front page on Wednesday.
The Times reports that this has resulted in the biggest increase in taxes and borrowing in a generation, pushing the tax burden to an all-time high. It also pointed to an increase in borrowings, which it said was the biggest jump in more than 30 years outside of the crisis.
The magazine said in an editorial that there was much to criticize about the budget, mainly that the Office for Budget Responsibility’s forecasts suggested it would not deliver the long-term growth promised by the chancellor.
“Downing Street Nightmare” was the headline in the Daily Telegraph. The paper said Mr Reeves dashed hopes for further growth with record “tax increases” that hurt living standards. The report calls the budget a “deception” and a breach of campaign promises, saying the tax hikes will squeeze businesses and workers and leave millions of workers facing stagnant pay for the next two years. It added that it is characterized by
Continuing the season’s spooky theme, The Sun newspaper described the Budget as a Halloween horror show, with a picture of the Prime Minister dressed up as a pumpkin. But it praised the freeze on fuel duty, an issue it has campaigned on. “At least she kept it down at Pumpkins,” he jokes.
As far as the Daily Mail is concerned, the budget is a “£40bn tax bomb for Britain’s hard working people”, in its words, prompting a sharp decline in the country’s growth prospects. The paper accuses the prime minister of using clever tactics to steal people’s wallets.
The Guardian newspaper has hailed Labor’s first budget in 14 years with the headline “Tax and Spend Refund”. It describes the measures as a “large package.” In the words of the newspaper, the prime minister is betting that voters will be happy that the government is raising money to fix Britain’s crumbling public services, particularly health and schools. Suggests.
Rachel Reeves’ budget proposal on Wednesday dominated the front page.
For the Daily Mirror, it was a “historic budget” that raised record funding to transform the NHS and schools and undo 14 years of Tory neglect. He said the decision to raise taxes to fund schools and hospitals was not widely welcomed, but was “categorically correct”.
Separately from the budget, Scotland’s national reading charity has come under fire for changing the lyrics of what it calls “beloved” nursery rhymes to remove references to alcohol and violence, The Times reported. As an example, the Scottish Book Trust changed the title of “What to do with a Drunk Sailor” to “What to do with a Grumpy Pirate.”
Scottish Conservative MSP Stephen Kerr told the Telegraph the changes were “ridiculous” and accused the group of serving what he called “politically acceptable porridge”. The trust defends itself by saying it’s common for songs to evolve.
