Reeves says Budget will increase taxes by £40bn

Video Credit: ODN
Published 3 days ago - Duration: 01:11s

Reeves says Budget will increase taxes by £40bn

Chancellor Rachel Reeves announced a £40 billion tax rise in the Commons, blaming Conservative mismanagement for the financial "black hole" facing the UK.

She criticised the Conservatives’ failure to acknowledge past mistakes, stating, “This is a changed Labour Party, and we will restore stability.” Reeves pledged to rebuild public services, calling the Budget a step toward restoring stability and responsibility to the nation’s finances.

Report by Covellm.

Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn


You are here

Related videos from verified sources

Jeremy Hunt: People feel betrayed by Reeves' tax hike 01:58
Video credit: ODN - Published 2 days ago 

Chancellor defends Budget which will ‘fix the foundations’ 00:59
Video credit: ODN - Published 2 days ago 

OBR: Reeves' Budget will squeeze employee wages 00:37
Video credit: ODN - Published 3 days ago 

You might like