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£40bn tax raise was a 'once in a Parliament' event says Chancellor | Budget 2024
Posted
October 30, 2024
Views
66,524
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October 30, 2024
66,524
580
710
1.94%
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10:59Now PlayingChancellor Rachel Reeves says '"this wasn't the budget I expected to deliver" as she announced Labour's first budget in 14 years.
The chancellor set out an increase in taxes by £40bn, but tells Sky News it would be "irresponsible" to rule out further tax rises and that she is "not going to make a commitment to never change taxes again".
Talking to Sky's political editor Beth Rigby, Ms Reeves says that Labour inherited a £22bn "black hole" and said a tax increase was needed to "put public finances on a sound trajectory" and "wipe the slate clean after the mess that the Conservatives have left us."
#budget2024 #rachelreeves #chancellor #labour
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