Channel 4 News
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Budget 2024: Labour set out tax hikes to rescue UK economy
Posted
October 30, 2024
Views
85,690
Likes
508
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769
Engagement
1.49%
October 30, 2024
85,690
508
769
1.49%
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39:51Now PlayingThe Labour government’s first budget certainly had an element of shock and awe, with the sheer scale of the numbers.
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Chancellor Rachel Reeves told MPs that putting up taxes by £40 billion was the only responsible choice to restore stability to the country's finances.
While in his swansong as leader of the opposition, Rishi Sunak accused Labour of breaking election promises on tax and fiddling the fiscal rules to borrow more.
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