'Reeves' '£40 billion tax gamble' and 'bombshell for Britain's struggling'


grey placeholderThe Metro headline is: "Labour's £40bn budget grab: only debt can make things better!"

The Budget presented by Rachel Reeves on Wednesday, the first by a Labor chancellor in 14 years, dominated the front pages. Metro says Reeves announced “a huge series of investments”, particularly in schools and health services, but that they will be paid for with £40bn of extra tax and the government will get £40bn this year. A rule change will be made to allow borrowing of 127bn.

grey placeholderThe Financial Times headline reads: "Reeves unveiled a £40bn budget tax hike.".

The Financial Times says Reeves introduced “the biggest budget tax hike in a generation”, hitting businesses and the wealthy, and that the changes are aimed at fixing the country's finances and public services. . It added that additional borrowing would invest an extra £100bn on Parliament, leading to “a massive expansion of the state that will define the political battle lines for years to come”.

grey placeholderHeadline I read: "Reeves' colossal £40bn tax gamble".

The budget has been described by i as a “huge £40bn tax gamble”. The paper states that Reeves hopes to encourage growth by boosting investment, but that the changes are set to cost households £300 a year, and the Office for Budget Responsibility (OBR) has warned that an increase in employers' national insurance will affect jobs.

grey placeholderThe headline in the Guardian reads: "Tax and Expenditure Refunds.".

The Guardian says the budget includes an “emergency NHS cash injection” and that Reeves has “gambled on voters rewarding the government for fixing Britain's crumbling services”.

grey placeholderThe Times headline reads: "Record tax burden".

According to the Times, the budget raised the tax burden to the highest level on record. The paper says that on top of the increase in employers' national insurance, there will be an increase in capital gains tax as well as a temporary freeze on income and inheritance tax thresholds.

grey placeholderThe title of the Sun is: "After a mega £40bn tax grab... at least he kept it on the pump!"

The Sun's Halloween-themed headline read: “At least he kept it on pump-kins!” There had been some speculation that Reeves would end the status quo on fuel duties that have been in place since 2011, but he announced an extension in his statement.

grey placeholderThe headline in the mirror is: "Historic Budget 2024: Spending Power".

The Daily Mirror says the increase in public spending will “help end 14 years of Tory neglect.” It added that the budget included an end to tax breaks for non-dom and private schools and quoted Reeves as saying: “This is the beginning of a decade of renewal”.

grey placeholderThe Times headline reads: "Nightmare on Downing Street".

The Daily Telegraph says the tax hike has “crushed hopes of higher growth” and “damaged living standards”. It added that the OBR had cut its growth forecasts for most of this decade and cited one economist's warning that higher government spending would “sugarcoat” economic growth. Rush” will be over quickly.

grey placeholderThe mail header is: "Reeves barely £40bn in taxes for struggling UK".

And the Daily Mail says Reeves has provided a “tax bombshell for struggling Britain” and that the OBR's “gloomy” forecasts have “undermined his ambitions” to become the most pro-growth chancellor in history. made fun of”.

The Budget presented by Rachel Reeves on Wednesday, the first by a Labor chancellor in 14 years, dominated the front pages.

The Times says It led to the biggest increase in taxes and borrowing for a generation and pushed the tax burden to the highest level on record. It has also increased borrowing, which it says is the biggest outside of the crisis in more than 30 years.

In its editorial, it says there is much to criticize about the budget, particularly as forecasts from the Office for Budget Responsibility suggest it will not deliver the long-term growth the chancellor has promised. .

“A Nightmare on Downing Street”. Daily Telegraph headline.. The newspaper says Reeves has crushed hopes for high growth with a record “tax raid” that will hurt living standards. He argues that millions of workers will now face two years of stagnant pay as the tax raids squeeze businesses and staff, adding that the budget is characterized by “bullying” and broken election promises. was

gave The sun continues. A seasonally spooky theme, calling the budget a Halloween horror show – complete with a pumpkin image of the chancellor. But it praises the freezing of fuel duty, an issue on which he campaigned. “At least he kept it to the pump-kins,” she said.

As far as The Daily Mail Worryingly, the budget is a “£40bn tax bomb for Britain's struggling people” which has caused the country's growth prospects to take, in his words, a dive. It accuses the Chancellor of using his hand to steal people's wallets.

gave The Guardian saluted. First Labor Budget in 14 years headlined: “Tax and spend back”. It describes the measures as a “massive package”. It suggests the chancellor is gambling on the electorate being happy that the government is raising money to try to, in the words of the newspaper, Britain's crumbling public services, particularly health and schools.

grey placeholderChancellor Rachel Reeves is seen outside 11 Downing Street holding the chancellor's red box.

Rachel Reeves' budget presentation on Wednesday dominated the front pages.

for The Daily Mirror It was a “historic budget” that pumped record cash to transform the NHS and schools, ending 14 years of Tory neglect. He says the decision to raise taxes to fund schools and hospitals will not be universally welcomed but is “absolutely right”.

off budget, The Times Scotland's national reading charity has come under fire for altering “lovely” children's songs to remove references to alcohol and violence, reports say. In one example, the Scottish Book Trust changed the title of What Shall We Do With a Drunken Sailor to What Shall We Do with a Grumpy Pirate.

Scottish Conservative MSP Stephen Kerr said The Telegraph that the changes are “ridiculous” and accuses the organization of calling it “politically acceptable draconian”. Trist defended himself saying that it is normal for songs to be produced.

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