Rachel Reeves’ spending cuts ‘a strong signal of tax rises’ in October budget

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Rachel Reeves' spending cuts 'a strong signal of tax rises' in October budget

The new Labour government are expected to deviate from manifesto promises in October’s budget, after chancellor Rachel Reeves announced plans to slash winter fuel payments whilst also announcing a further £9bn for public sector pay rises.

Sky News’ deputy political editor Sam Coates explains why this signals a likelihood of tax rises in the 30 October budget.

Read more: https://news.sky.com/story/make-no-mistake-the-chancellors-statement-is-not-the-worst-of-what-she-will-have-to-announce-13187101

#skynews #economy #politics #labour

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Date: July 30, 2024