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The Prime Minister has insisted the Government will “keep our manifesto pledges” amid reports the Chancellor could extend the freeze on income tax thresholds in this month’s Budget. Rachel Reeves may be considering pushing the freeze beyond its current expiry date of 2028 in a move that could raise £7 billion, according to reports by the Financial Times. Continuing the freeze could help plug some of the £40 billion gap […]
Rachel Reeves is looking to make up to £40 billion of tax rises and spending cuts in this month’s Budget as the Government seeks to avoid a return to austerity, it is understood. The Chancellor told ministers in a Cabinet meeting on Monday that plans to fill the “£22 billion black hole” she has repeatedly cited in the UK’s finances will be enough only to “keep public services standing still”. […]
Severnvalley – Independent Local Radio for South Shropshire & North Worcestershire
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