Rachel Reeves’ tax-heavy budget

<p>Tax in Britain will rise to an all-time high following Rachel Reeves’ budget.</p><br /><p>The Chancellor has unveiled her latest budget. She’s promised to remove the two-child benefit cap, freeze income tax brackets and introduce a new mansion tax.</p><p>Labour deny they are breaking their manifesto pledge to avoid raising income tax, while critics claim the freeze is doing just that.</p><br /><p>The Office for Budget Responsibility, who disastrously published their assessment before the Chancellor had made her statement to the House of Commons, say the budget will amount to a tax bill of £28 billion by 2029 – a record high.</p><br /><p>Oli Dugmore is joined by Rachel Cunliffe and George Eaton to discuss what the budget means for Britain, the Chancellor, and Keir Starmer’s government.</p><p><strong>LISTEN AD-FREE:</strong></p><p>📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download the New Statesman app</a></p><br /><p><strong>MORE FROM THE NEW STATESMAN:</strong></p><p>❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> – we answer them every Friday</p><p>⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> every morning</p><p>✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>