Reeves eyeing £40bn in tax rises and spending cuts
- Rachel Reeves is considering £40 billion in tax increases and spending cuts in the upcoming Budget to avoid austerity, according to reports.
- The Chancellor stated that plans to address a £22 billion gap will only maintain public services, as revealed in a Cabinet meeting.
- Paul Johnson from the Institute for Fiscal Studies remarked that £40 billion in tax hikes would be “extraordinary” and may require targeting income tax in the future.
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Leaning Left2Leaning Right5Center3Last UpdatedBias Distribution50% Right
Bias Distribution
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50% Right
L 20%
C 30%
R 50%
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